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✨YSL.IO Tokenomics
The YSL.IO token economy has been specifically designed to fully utilise locked liquidity.
YSL.IO has a truly unparalleled token economy made up of three native tokens; namely YSL, sYSL and xYSL. YSL serves as the protocols utility token and is used to autonomously create YSL-BUSD liquidity that is locked for 1000 years by ApeSwap. sYSL is a dual-purpose token acting both as the reward token and the governance token for the YSL.IO ecosystem. Unlike other reward tokens, the price of sYSL is unique in that its price is determined not only by market activity but is also linked to the amount of YSL-BUSD locked liquidity. This is known as the sYSL protocol price. This price has the ability to increase as more locked liquidity is generated by the protocol. This unique method of price determination means that holders are able to benefit from the success of the platform. This is because as the TVL of YSL.IO grows so does the amount of locked liquidity being created, resulting in a greater sYSL protocol price. xYSL is the third token in the ecosystem. It has been designed to create locked liquidity with each transaction whilst also decreasing in supply, given its deflationary nature. Each token within the YSL.IO ecosystem presents a different value proposition and helps create a truly unapparelled token economy!

1️⃣ YSL (Utility token)

⚑ Supply

YSL Token Supply

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YSL is the utility token in the YSL.IO ecosystem and its primary purpose is creating YSL-BUSD locked liquidity on ApeSwap.
  • YSL.IO contract has no set maximum supply for the YSL token. This stems from the protocol's core objective of maximising the benefits attributable to locked liquidity.
  • With this in mind, the protocol has been uniquely designed to ensure a perpetual growth of YSL-BUSD locked liquidity.
  • Given that the formation of locked liquidity fundamentally requires the protocol to mint YSL tokens; it would be counterintuitive to have a capped supply for the token, as this would effectively place a limit on the amount of locked liquidity that can ever be created.

2️⃣ sYSL (Rewards & Governance token)

πŸ“ˆ Protocol Price
⚑ Supply
πŸ’° sYSL Vault
πŸ’° sYSL-BUSD Vault
πŸ”₯ Protocol Burning

sYSL Protocol Price

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A special characteristic of the sYSL token is how its price is determined by the YSL.IO Protocol.
  • The first method is by comparing the ratio of sYSL and BUSD in the sYSL-BUSD liquidity pool on ApeSwap and PancakeSwap. The second method is based on the locked liquidity held within YSL-BUSD pool on ApeSwap.
  • The YSL.IO protocol will always take the higher of these prices for all calculations or transactions that are made on the YSL.IO platform. For example, should the sYSL-BUSD liquidity pools on ApeSwap and PancakeSwap both determine sYSL to be $10 per sYSL while the locked liquidity price is determined as $5, the YSL.IO protocol will use a price of $10 per sYSL.
  • Each time a user harvests their position, locked liquidity is created by the protocol equivalent to 200% of the users compounded returns. This essentially means that the locked liquidity price of sYSL will rise whenever a user harvests their position.
  • Users that participate in the game theory of YSL.IO will be able to utilise the locked liquidity price to their advantage, by either holding onto and/or staking their sYSL rewards to benefit from the potential long-term expansion in price as users harvest.
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The YSL-BUSD Locked Liquidity price of sYSL is determined by the following formula:

πŸ‘‰ Locked Liquidity Price of sYSL​ = [ L / 40,000 ]
Where: L = Locked liquidity currently held within the YSL-BUSD pool on ApeSwap

sYSL Token Supply

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  • There is no set maximum supply for the sYSL token, as limiting the supply will restrict the creation of locked liquidity. This is because, whenever a user decides to harvest their position on YSL.IO, sYSL rewards are generated for the user whilst the protocol simultaneously creates locked liquidity equivalent to 200% of the users compounded returns.
  • It's important to note that any increase in locked liquidity will have a domino effect on the protocol price of the sYSL token. This is because the protocol price of the sYSL token is determined based on the locked liquidity held within the YSL-BUSD pool on ApeSwap.
  • Put simply, as demand for the protocol increases, there would also be an increase in locked liquidity being created from users harvesting their position. This inadvertently leads to the appreciation of the sYSL protocol price and a consequential reduction in sYSL tokens being minted.

The sYSL Vault

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Earns 100 sYSL as Liquidity Mining Rewards​
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  • Users that utilise the protocols optimisation function will be able to harvest their sYSL rewards as sYSL tokens. Similarly, any user that receives Referral Rewards are able to harvest their Referral Rewards as sYSL. Harvested sYSL Rewards and Referral Rewards can only be staked within the sYSL vault once they have completed their 180-day vesting period.
  • Alternatively, users are also able to purchase sYSL from the sYSL-BUSD liquidity pools on ApeSwap or PancakeSwap and stake their sYSL into the sYSL vault to earn a share of the Liquidity Mining Rewards.

The sYSL-BUSD Vault

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βœ…
Earns 200 sYSL as Liquidity Mining Rewards​
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  • Users that utilise the protocols optimisation function will be able to harvest their sYSL rewards as sYSL tokens. Similarly, users that receive Referral Rewards are also able to harvest their rewards as sYSL tokens.
  • Harvested rewards that have completed the vesting period can then be withdrawn paired with BUSD and deposited into the sYSL-BUSD pool held on ApeSwap or PancakeSwap. The user is then able to stake their LP tokens within the sYSL-BUSD vault(s) to earn a share of the Liquidity Mining Rewards.

Protocol Burning of sYSL Tokens

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  • sYSL is a BEP-20 token that has been developed to serve as a governance token for the YSL.IO protocol.
  • Whenever a user decides to exchange their sYSL tokens for any BEP20 token (through the exchange function), the protocol will burn 100% of the sYSL tokens provided and mint YSL tokens of an equivalent value. The minted YSL tokens are then used to acquire BUSD. The protocol will then deduct an sYSL exit fee, and the remaining BUSD acquired will be used to purchase the token requested by the user.

3️⃣ xYSL (Deflationary token)

⚑ Supply
πŸ’Έ Transaction Fee

xYSL Token Supply

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xYSL is X-tremely DEFLATIONARY, with a unique DAILY BUYBACK mechanism that utilises 10% of YSL.IO yields to market buy & burn xYSL DAILY.
  • Therefore the greater the TVL on YSL.IO the greater the burn! Adding to that, the xYSL token features a 5% BURN on EVERY TRANSACTION
  • Upon the conclusion of the xYSL ILO, 16,245 unsold tokens were sent to a burn address and burnt. The total remaining supply after the ILO is 63,755 xYSL.
  • The token supply of xYSL is decreasing on a daily basis due to the Daily Deflationary Mechanism, with all xYSL purchased from the daily buyback being sent to the xYSL Burn Address.
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βœ… Max Supply Minted: 80,000 xYSL πŸ’Ž βœ… Unsold tokens from ILO & sYSL Swap: 16,245 xYSL πŸ”₯ βœ… Total supply remaining after completion of ILO: 63,755 xYSL πŸš€

12.5% Transaction Fee

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  • Any transaction (purchase/transfer/exchange) involving the xYSL token will be subject to a 12.5% fee (by setting the slippage to 12.5%).

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12.5% fee is split three ways by the protocol:
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1️⃣ Burn xYSL tokens - 5% of the fee in xYSL tokens are burnt, contributing to the ever deflationary supply of xYSL.
2️⃣ YSL.IO team - The remaining 5% of the fee is sold for BUSD then transferred to the YSL.IO team wallet in order to pay for marketing & operational costs.
3️⃣ Create YSL-BUSD locked liquidity - 2.5% of the fee is sold for BUSD, while the protocol then mints an equivalent amount of YSL. These are paired and deposited in the YSL-BUSD locked liquidity contract with ApeSwap Finance.
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πŸ‘‰ Read our BIG (Busy Investor Guide) to learn more about our tokens!

Last modified 9d ago