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✨YSL.IO Tokenomics
The YSL.IO token economy has been specifically designed to fully utilise locked liquidity.

1️⃣ YSL (Utility token)

πŸ’Ž Purchase
πŸ’° YSL-BUSD Vault
⚑ Supply

Purchase of YSL Tokens

🀩 Benefits of purchasing YSL tokens on YSL.IO:

The YSL-BUSD Vault

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Earns 50 sYSL as Liquidity Mining Rewards​

    Users will be able to deposit YSL-BUSD LP tokens acquired from ApeSwap Finance into the YSL-BUSD vault.
    Alternatively, users are also able to make a balance transfer into the vault from any active vault held on YSL.IO (excluding the sYSL vault).
    Upon doing so, a user will be able to earn a share of the Liquidity Mining Rewards. These rewards are distributed on each block to all participants of the YSL-BUSD vault, with each participant receiving a share dependent upon their TVL held within the vault.

YSL Token Supply

    The 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’Ž Purchase
πŸ’° sYSL Vault
πŸ’° sYSL-BUSD Vault
πŸ”₯ Protocol Burning
⚑ Supply

Purchase of sYSL Tokens

    sYSL is available for purchase from the sYSL-BUSD liquidity pools on ApeSwap and PancakeSwap.
    Apart from being purchased, the sYSL token can only be acquired earned as sYSL Rewards through the utilisation of the optimisation or amplification function, or received in the form of YSL.IO Block Rewards.
    Please note: Every new sYSL token that is minted after the discovery will be subject to a vesting period of 180 days, whereby the purchased/harvested rewards will be unlocked for the user on each block over a period of 180 days.

The sYSL Vault

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Earns 100 sYSL as Liquidity Mining Rewards​
    Users that utilise the protocols optimisation and/or amplification 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 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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Earns 200 sYSL as Liquidity Mining Rewards​
    Users that utilise the protocols optimisation and/or amplification 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 tokens that have completed their 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

    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 the sYSL exit fee, and the remaining BUSD acquired will be used to purchase the token requested by the user.

sYSL Token Supply

    There will be no set maximum supply for the sYSL token, as having a limit on the supply will restrict the creation of locked liquidity. This is because, whenever a user decides to purchase an amount of sYSL tokens, locked liquidity will be created equivalent to 200% of the purchase value.
    It's important to note that any increase in locked liquidity will essentially have a domino effect on the price floor of the sYSL token. This is because the price floor of the sYSL token after the price discovery phase will be tethered to the total YSL-BUSD locked liquidity held within the YSL-BUSD pool.
    Put simply, as demand for the protocol increases, there would also be an increase in locked liquidity being created through the 14 inbuilt protocol mechanisms. This will inadvertently lead to the appreciation of the sYSL token price floor, and a consequential reduction in the minting of sYSL tokens.

3️⃣ xYSL (Deflationary token)

πŸ’Ž Purchase
πŸ’° xYSL Vault
πŸ’° xYSL-BUSD Vault
πŸ”₯ Daily Buy & Burn
πŸ’² Transaction Fee
⚑ Supply

Purchase of xYSL Tokens

    xYSL is available for purchase from the xYSL-BUSD liquidity pool PancakeSwap.
    Please note: Every transaction involving the xYSL token (purchase/transfer/exchange) will be subject to a 12.5% transaction fee.

The xYSL Vault

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Earns 50 sYSL as Liquidity Mining Rewards​
    Users are also able to purchase xYSL from the xYSL-BUSD liquidity pool on PancakeSwap and stake their xYSL tokens into the xYSL vault to earn a share of the Liquidity Mining Rewards. Locked xYSL tokens received as part of the community airdrop are not able to be deposited into the xYSL vault.
    Please note: The 12.5% transaction fee does NOT apply when users deposit their xYSL tokens into the xYSL vault.

The xYSL-BUSD Vault

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Earns 150 sYSL as Liquidity Mining Rewards

    Users are able to pair their unlocked xYSL with BUSD and add liquidity to the xYSL-BUSD pool held on PancakeSwap. The user is then able to stake their LP tokens within the xYSL-BUSD vault to earn a share of the Liquidity Mining Rewards.
    Please note: The 12.5% transaction fee does NOT apply to xYSL-BUSD LP tokens that are deposited into the xYSL-BUSD vault.

Daily Deflationary Mechanism

    Unlike other deflationary tokens that solely rely on trading volume to ensure tokens are being burnt, we’ve designed xYSL to be deflationary independent of market activity.
    The protocol will utilise the BUSD collected daily from protocol fees to purchase xYSL from the xYSL-BUSD pool on PancakeSwap, the purchased xYSL tokens are subsequently sent to the burn address and removed from the supply.

12.5% Transaction Fee

    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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The 12.5% fee is split three ways by the protocol:

    1️⃣ Burn xYSL tokens - 5% of the fee in xYSL tokens are burnt, contributing to the ever deflationary supply of xYSL.
    2️⃣ 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.
    3️⃣ 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.

xYSL Token Supply

    xYSL is a deflationary token with a maximum supply of 80,000 tokens. Upon conclusion of the xYSL ILO all unsold tokens were sent to a burn address and removed from the supply (16,245 xYSL), bringing the maximum supply of xYSL to 63,755.
    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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Last modified 22h ago