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πŸ’° YSL.IO Vaults
YSL.IO provides a wide array of vaults that can be utilised to attain amplified yields.

What are Vaults?

Vaults are constructed to provide returns based upon opportunities presented within the market. The use of vaults effectively enables community members to work together to build strategies to obtain the best yields. These vaults benefit from the automation of processes such as yield generation and rebalancing. Vaults are also beneficial in terms of the lower relative incidence of gas costs. Most importantly, vaults are set up to be user-friendly and can be utilised without proficient knowledge of the underlying protocols, making it an ideal tool for those seeking a passive farming strategy.

What vaults are offered on YSL.IO?

YSL.IO will initially offer vault(s) for LP tokens from ApeSwap Finance or PancakeSwap. A user is able to deposit their LP tokens into any of the corresponding active vault(s) held on YSL.IO. Upon doing so, the protocol will activate the optimisation function or Strategy 1 (if applicable). Additionally, YSL.IO will offer vaults for its governance tokens (sYSL vault), xYSL tokens (xYSL vault), sYSL-BUSD LP tokens (sYSL-BUSD vault), xYSL-BUSD LP tokens (xYSL-BUSD vault) and YSL-BUSD LP tokens (YSL-BUSD vault). All users that participate in these vaults will be able to earn a share of the Liquidity Mining Rewards!

Vaults Coming Soon:

During the first month of the launch, YSL.IO will be offering vaults for LP token holders from both ApeSwap Finance and PancakeSwap, with plans to integrate other platforms such as Biswap, Venus Protocol, Belt Finance, and bZx Network in the near future.
ApeSwap
PancakeSwap V2

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BANANA
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BUSD-DAI
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YSL-BUSD
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BUSD-BNB
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sYSL-BUSD
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xYSL-BUSD
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BUSD-USDC
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BUSD-USDT
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BANANA-BNB
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BANANA-BUSD

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CAKE ​
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BUSD-DAI
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CAKE-BNB
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BTCB-BNB
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BUSD-BNB ​
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BUSD-USDC ​
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BUSD-USDT ​
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TUSD-BUSD

What fees are involved?

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Deposit fee (0%) – Zero fees for deposits made into an active vault.
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Platform fee (0%) – Zero performance fees deducted from vault profits.
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Withdrawal fee (0%) – Zero fees for withdrawals made out of an active vault.
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Transfer fee (0.1%) – A fee is applicable on balance transfers made between active vaults.
Unlike many other platforms/tools, YSL.IO does not impose a platform fee, and has zero fees associated with the deposit or withdrawal of LP tokens, providing users with ultimate flexibility.
Furthermore, we recognise the importance of being agile in the DeFi space, therefore the YSL.IO protocol will be integrated with a transfer function. This makes it possible for a user to switch up their farming position with a drop of a hat. When a user decided to execute a balance transfer between vaults, a nominal fee of 0.1% is collected in addition to applicable gas costs.
The transfer fee will be deducted from the balance being transferred (the tokens deducted will be converted immediately into BUSD). 100% of the transfer fee will go towards the creation of YSL-BUSD Locked Liquidity. To do this, the protocol will first exchange the fee into BUSD and mint an equivalent value of YSL tokens. The sum total of the BUSD and minted YSL tokens are then deposited into the YSL-BUSD pool held on ApeSwap Finance. Subsequently, the YSL-BUSD LP tokens received from ApeSwap Finance will be sent to the ApeSwap Finance locked liquidity contract (vesting factory) for a predetermined period of 1000 years, creating locked liquidity equivalent to 200% of the BUSD acquired.

Example: CAKE-BNB vault
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WBNB-DOT vault

Suppose a user wants to make changes to his current farming position of $10,000, held within the CAKE-BNB vault on YSL.IO.
Step 1: The user utilises the vault transfer function.
    The user initiates a transfer of $1,000 worth of CAKE-BNB LP tokens to the WBNB-DOT vault.
Step 2: The protocol deducts a transfer fee of 0.1%.
    A transfer fee of 0.1% ($1) is deducted from the CAKE-BNB LP tokens being transferred.
Step 3: The protocol will execute the token exchange.
    The protocol will exchange the remaining CAKE-BNB LP tokens ($999) for an equivalent value of WBNB-DOT LP tokens (less any applicable fees), the acquired LP tokens are subsequently deposited into the user's WBNB-DOT vault.
    Please bear in mind; there may be slippage when acquiring the WBNB-DOT LP tokens.
Step 4: 100% of the transfer fee is used to create YSL-BUSD locked liquidity.
    The fee collected ($1 worth of CAKE-BNB LP tokens) is converted immediately by the protocol into BUSD.
    Subsequently, the protocol will match the BUSD acquired by minting an equivalent value of YSL tokens.
    The BUSD and minted YSL tokens are then deposited into the YSL-BUSD liquidity pool held on ApeSwap Finance.
    The YSL-BUSD LP tokens received from ApeSwap Finance are sent to the ApeSwap Finance locked liquidity contract (vesting factory) for a predetermined period of 1000 years, creating YSL-BUSD locked liquidity equivalent to 200% of the fee collected.

How is the Vault APY calculated?

    The APY shown on each vault will be determined using the Farming APY (Farming APR compounded on an hourly basis) in conjunction with the applicable multiplier: 165% for Optimisation, 170% for Strategy 1, 225% for Strategy 2.
    The Farming APY will be determined using the Compounded Returns (hourly harvesting and auto-compounding) in addition to the Trading APR (%) that is generated by the base farm (if applicable).
    The Multiplier APY is the combined value of the Farming APY and the applicable multiplier: 165% for Optimisation, 170% for Strategy 1, 225% for Strategy 2.

The Farming APY is determined by the following equation:

FarmingAPY=p+TradingAPRFarming APY = p + Trading APR
    Where:
    pp
    = Compounded Returns APY (%)
    tt
    = Trading APR (%)

The Trading APR (%) is determined by the following equation:

TradingAPR=[((vβˆ—f)βˆ—365)/L]βˆ—100Trading APR = [((v*f) *365)/L ]*100
    Where:
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    vv
    = 24-hour Trading Volume for the pair
    ff
    = Trading fees (%) for platform (ApeSwap or PancakeSwap)
    LL
    = Total Liquidity for the pair

πŸ’ŽThe YSL-BUSD vaultπŸ’Ž

Users are able to stake their YSL-BUSD LP tokens in the YSL-BUSD vault to earn a share of the Liquidity Mining Rewards. The YSL-BUSD vault is allocated 50 sYSL as Liquidity Mining Rewards. The YSL.IO protocol will distribute these rewards on each block, based upon the TVL a user has within the YSL-BUSD vault.

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Balance transfer(s) into the YSL-BUSD vault

    In addition to depositing YSL-BUSD LP tokens, users are also able to make transfers into the YSL-BUSD vault by utilising the transfer function on YSL.IO. Upon doing so, the protocol will instantaneously exchange the transferred LP tokens for an equivalent value of BUSD (less any applied fees). 50% of the acquired BUSD will be used to form an equivalent of 100% locked liquidity for the YSL-BUSD pool held on ApeSwap Finance.
    To begin, the protocol will need to first market-buy YSL tokens equivalent to 25% of the BUSD acquired. Following this, the protocol will mint YSL tokens equivalent to 25% of the BUSD acquired. The purchased (25%) and minted (25%) YSL tokens are then deposited along with 50% of the acquired BUSD to ApeSwap Finance. Subsequently, the protocol will deposit the YSL-BUSD LP tokens acquired from ApeSwap Finance into the users YSL-BUSD vault on YSL.IO.
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    The remaining 50% BUSD will then go towards the creation of YSL-BUSD locked liquidity. To do this, the protocol will first match the remaining BUSD acquired by minting an equivalent value of YSL tokens. The BUSD and minted YSL tokens are then deposited into the YSL-BUSD liquidity pool held on ApeSwap Finance. The YSL-BUSD LP tokens received from ApeSwap Finance are subsequently sent to the ApeSwap Finance locked liquidity contract (vesting factory) for a predetermined period of 1000 years, resulting in the formation of YSL-BUSD locked liquidity equivalent to 100% of the balance transferred into the vault.

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Withdrawal(s) from the YSL-BUSD vault

    When a withdrawal from the YSL-BUSD vault is initiated by a user, the protocol will deduct a 10% fee for the minting of sYSL tokens (sYSL Entrance Fee). The 10% fee will be deducted from the YSL-BUSD LP tokens being withdrawn. The collected fee (YSL-BUSD LP tokens) will then be immediately split by the protocol into YSL and BUSD. The YSL portion will be burnt by the protocol into sYSL tokens and be distributed over 30 days to all participants of the YSL-BUSD vault, with each participant receiving a share based upon their TVL within the vault. The BUSD portion will be used to purchase and burn the xYSL token.
    Subsequently, the remaining YSL-BUSD LP tokens (90%) held by the vault contract will be sent to the ApeSwap Finance locked liquidity contract (vesting factory) for a predetermined period of 1000 years to Locked Liquidity. Following this, the protocol will mint an equivalent value of sYSL tokens (in accordance with the YSL-BUSD LP tokens sent to the vesting factory), with the protocol subsequently sending the minted sYSL tokens to the user's wallet.
    Please note: every new sYSL token that is minted after the discovery will be subject to a vesting period over 180 days, whereby the purchased amount will be unlocked on each block over a period of 180 days. For example, if a user receives 180 sYSL tokens, the 180 minted sYSL tokens will be subject to a 180-day vesting period [180 sYSL / 180 days = 1 sYSL unlocked per day approx.]. This results in a total of 1 sYSL being unlocked per day for the user (distributed on each block).

⚑The sYSL vault⚑

Users are able to stake their sYSL tokens in the sYSL vault to earn a share of the Liquidity Mining Rewards. The sYSL vault is allocated 100 sYSL as Liquidity Mining Rewards. The amount of block rewards a vault participant receives will be dependent upon their TVL held within the sYSL vault.

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Balance transfer(s) into the sYSL vault

    In addition to depositing purchased and harvested sYSL tokens, users are also able to make transfers into the vault by utilising the transfer function on YSL.IO. This allows a user to perform a balance transfer from any active vault into the sYSL vault. Upon doing so, the protocol will instantaneously exchange the transferred LP tokens for an equivalent value of BUSD (less any applicable fees).
    Balance transfers into the vault will have an sYSL entrance fee, whereby the protocol will deduct a 10% fee from the BUSD acquired.
    The BUSD collected from sYSL entrance fee is immediately used to purchase and burn the xYSL token.
    The protocol will then match the remaining BUSD, and mint an equivalent value of sYSL tokens. These tokens are subsequently deposited into the sYSL vault of the user. Please note: Every new sYSL token that is minted after the discovery will be subject to a vesting period of 180 days, whereby the minted sYSL tokens will be unlocked on each block over a period of 180 days.
    The remaining BUSD acquired will then go towards forming YSL-BUSD locked liquidity. To do so, the protocol will first match the remaining BUSD by minting an equivalent value of YSL tokens. The sum total of BUSD and minted YSL tokens are then deposited into the YSL-BUSD liquidity pool held on ApeSwap Finance. Following this, the LP tokens are directed to the ApeSwap Finance locked liquidity contract (vesting factory) for a predetermined period of 1000 years, resulting in the formation of locked liquidity equivalent to 200% of the sYSL provided to the user.

⭐The sYSL-BUSD vault⭐

Users are able to stake their sYSL-BUSD LP tokens within the sYSL-BUSD vault to earn a share of the Liquidity Mining Rewards. The sYSL-BUSD vault is allocated 200 sYSL as Liquidity Mining Rewards. These are divided equally between the ApeSwap Finance sYSL-BUSD vault and PancakeSwap sYSL-BUSD vault. Each participant will receive their share on each block, dependent upon their TVL held within the vault(s) at the time of distribution.

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Balance transfer(s) into the sYSL-BUSD vault

    A user is able to perform a balance transfer from any active vault into the sYSL-BUSD vault. Upon doing so, the protocol will instantaneously exchange the transferred LP tokens for an equivalent value of BUSD (less any applicable fees).
    Balance transfers into the vault will have an sYSL entrance fee, whereby the protocol will deduct a 10% fee from the BUSD acquired.
    The BUSD collected from sYSL entrance fee is immediately used to purchase and burn the xYSL token.
    The protocol will then match 50% of the remaining BUSD, and mint an equivalent value of sYSL tokens. Please note: Every new sYSL token that is minted after the discovery will be subject to a vesting period of 180 days, whereby the minted sYSL tokens will be unlocked on each block over a period of 180 days.
    The BUSD and minted sYSL tokens are then paired and deposited by the protocol into the sYSL-BUSD pool, and the sYSL-BUSD LP tokens received in exchange being subsequently deposited by the protocol into users sYSL-BUSD vault.
    The remaining 50% of BUSD acquired will then go towards forming YSL-BUSD locked liquidity. To do so, the protocol will first match the remaining BUSD by minting an equivalent value of YSL tokens. The sum total of BUSD and minted YSL tokens are then deposited into the YSL-BUSD liquidity pool held on ApeSwap Finance. Following this, the LP tokens are directed to the ApeSwap Finance locked liquidity contract (vesting factory) for a predetermined period of 1000 years, resulting in the formation of locked liquidity equivalent to 100% of the sYSL-BUSD LP tokens provided to the user.

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πŸ‘‰
Learn about the YSL.IO Fee Structure and YSL.IO Block Rewards

Last modified 3h ago