Search…
πŸƒ YSL.IO Protocol Fees
The figures shown for each active vault will include any applicable fees.

The YSL.IO protocol fee structure:

Controller Fee (0.3% to 1%)

  • This fee is applicable to all vaults held on YSL.IO.
  • The fee will be collected from the daily APR (%) of the third-party tokens that are undergoing YSL.IO Optimisation.
  • The fee collected will be stored in BNB tokens, and will go towards covering gas-related costs incurred by the YSL.IO protocol.
  • Please note: the controller fee will vary from 0.3% to 1% in accordance to the gas costs incurred on the Binance Smart Chain.

Optimisation Tax (15%)

  • This tax is applicable to all vaults on YSL.IO that benefit from YSL.IO Optimisation.
  • The protocol will collect 15% of the third-party tokens APR (%) (less the controller fee).
  • The collected tokens are immediately converted by the protocol into BUSD.
  • The acquired BUSD is then immediately split, with 5% being used to create YSL-BUSD locked liquidity, and the remaining 10% used to purchase and burn the xYSL token.

sYSL Exit Fee (0.5% to 50%)

  • This fee is applicable when the sYSL token is sold in exchange for another token using the exchange function on YSL.IO.
  • A fee is dynamic in nature and will vary from 0.5% to 50% depending on the amount of sYSL being exchanged by the user in comparison to their available sYSL balance (unlocked).
  • The sYSL Exit Fees only reset after 24 hours. This means if a user sells 1% of their available sYSL balance, and subsequently sells a further 1% within 24 hours, they would be taxed 2% on the second exchange.
  • The sYSL tokens sent by the user are burnt by the protocol, with and an equivalent value of YSL tokens being minted and subsequently exchanged for BUSD.
  • The applicable sYSL exit fee will be deducted from the acquired BUSD - 100% of the fee is used to purchase xYSL from the xYSL-BUSD pool on PancakeSwap. The purchased xYSL tokens are then immediately distributed by the protocol to the NEW sYSL VAULT.
  • Once the sYSL Exit Fee has been deducted, the remaining BUSD will be used by the protocol to purchase the token requested by the user.
​
Last modified 9d ago
Copy link