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Exchange of sYSL tokens
An exit fee of 10% is applicable when the sYSL token is exchanged for another token.

sYSL
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Token - 10% fee is charged by the protocol

When a user decides to exchange their sYSL tokens for another BEP-20 token, an sYSL exit fee of 10% is charged. This 10% fee will be deducted from the BUSD acquired, and the remaining BUSD will be used by the protocol to purchase the requested token. The process is outlined in the examples below:

Example - sYSL
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WBNB

Suppose a user wants to exchange their sYSL tokens for WBNB using the exchange function:
Step 1: The sYSL tokens sent by the user are immediately burnt by the protocol.
Step 2: The protocol will mint an equivalent value of YSL tokens.
Step 3: The minted YSL tokens are then exchanged for BUSD.
Step 4: The 10% sYSL Exit Fee will be deducted from the acquired BUSD.
Step 5: The remaining BUSD (90%) is used to purchase WBNB as requested by the user.
Step 6: The WBNB tokens are then sent to the user's wallet address.

Example - sYSL
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YSL

Suppose a user wants to exchange their sYSL tokens for YSL sing the exchange function:
Step 1: The sYSL tokens sent by the user are immediately burnt by the protocol.
Step 2: The protocol will then mint an equivalent value of YSL tokens.
Step 3: The 10% sYSL Exit Fee will be deducted from the minted YSL tokens.
Step 4: The remaining YSL tokens (90%) are then sent to the user's wallet address.
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Last modified 5d ago
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