YSL.IO – New Generation of Yield Farming
Dear readers, a lot of new project launching everyday in the crypto space lately. Different chains that offers new opportunities for the community. We want to represent to you the new yield farm platform on Binance Smart Chain, YSL.IO.
What is YSL?
A cutting-edge DeFi tool designed to optimise and amplify the returns from yield farming platforms, whilst maximising the benefits of locked liquidity to create a truly unparalleled token economy.
The name YSL is derived from its key features which is Yields, Stake and locked Liquidity. The platform generates liquidity autonomously that sent to a locked liquidity contract, so that it can be locked in the YSL/BUSD for years in Apeswap. Furthermore, the platform offers farming strategies which YSL users will get a lot of benefit from it.
🌟 Yield Strategies
Optimisation
This strategy is activated automatically. Just deposit LP tokens in any vault and it will maximizes the performance of the position up to 300%.
- Amplification
- Strategy 1: to obtain an additional 1% APR on their optimised returns by simply depositing their LP tokens into a corresponding vault held on YSL.IO
- Strategy 2: In order to activate this, user must hold aYSL tokens equivalent to 400% of their TVL on the platform. In addition, 100% APR guaranteed optimise returns if the user acquire aYSL by sending in BUSD or WBNB on Amplify tab.
🌟 Staking
If the user utilize the Amplification function, you will be able to receive a reward of sYSL tokens which you can stake it to sYSL vault in able to earn a Buy-Back and Inflation Rewards.
- Buy-Back Reward
- This are the rewards from sYSL Entrance and Exit Fee as well as BUSD from optimisation function.
- Inflation Rewards
- YSL tokens that are minted by the platform and sent to a reward pool.
🌟 Locked Liquidity
YSL platform has a YSL/BUSD pool on Apeswap, the LP tokens receive from that pool are sent to a locked liquidity contract for 1000 years.
Liquidity is an integral part of any DeFi ecosystem, and that’s why they made YSL-BUSD liquidity the heart and soul of YSL.IO. The protocol has been designed to ensure there is a CONTINUAL creation liquidity! This has been made possible through the protocols unique capability of creating YSL-BUSD liquidity AUTONOMOUSLY (https://bit.ly/3wPq5WJ)
More importantly, all the liquidity that is generated by the protocol will be LOCKED in the locked liquidity contract (ApeSwap Finance vesting factory) for a period of 1000 years!
And what makes the project truly novel, is that the price of the native governance token (sYSL) is tied to YSL-BUSD locked liquidity! In other words; as the TVL of the platform increases with more users, the more YSL-BUSD locked liquidity is created, the greater the price of the sYSL token!🚀 Not only that, the increase in locked liquidity will also create a progressive price floor for the token and mitigate its exposure to price volatility!
YSL.IO TVL ⏫ = YSL-BUSD locked liquidity ⏫ = sYSL token price 🚀
This integration of locked liquidity within a token economy is unlike any other BSC project, and will provide long-term stability and value to sYSL token holders!
🌟 YSL Exchange
The swap exchange function is like the other exchange that is Decentralized AMM Supported. The platform offers Zero Trading Fees, excluding on sYSL token which is a exit and entrance fee is needed.
- Exit and Entrance Fee
- The platform will charge a 10% fee when the sYSL is purchased or exchanged and it will be automatically converted to BUSD and transferred to a temporary holding pool.
🌟 Referral Program
You can now refer your friend and loved ones to join in the growing family of YSL. For every friends you refer you will gain a 0.5% increment on YSL base return when utilizing Strategy 1.
🌍 Roadmap
- Design concept
- Preparation of Gitbook
- Smart contract development
- Frontend development (UI/UX)
- Partnerships and marketing development
- Gitbook Release
- Gitbook language translation (Simplified Chinese, Indonesian and Vietnamese)
- Pre-Launch WeChat AMA
- Pre-Launch Telegram AMAs
- Initiate Audit of Smart Contracts
- 30-day price discovery phase to establish the initial price and supply of the YSL and sYSL token.
- Establishment of the YSL/BUSD liquidity pool on ApeSwap Finance
- YSL.IO dApp/Platform Launch
- YSL token listing (TBA CoinMarketCap, Delta, Blockfolio and/or CoinGecko)
- A preliminary version of the community-governance function will be integrated.
- sYSL vault participants will be able to use their sYSL tokens to vote on proposals.
- A more comprehensive version will be integrated at a later stage.
- Frontend UI/UX language translation (Simplified Chinese, Indonesian and Vietnamese)
- Cross-chain integration(s) will be the next step on our journey.
- Polygon and Ethereum will be first in line and more to come soon!
- 15% Airdrop allocation for participants of the sYSL vault
- Cross-chain swaps through Ethereum via Uniswap cross-chain bridge integration
🤝 Partnership with Apeswap
YSL joins ApeSwap BUIDL program to bring yield optimizer to the ApeSwap Ecosystem. Minimum of 300% APR boost guaranteed if the user stake their LP tokens on YSL vaults.
YSL private sale begins on 30th June 2021. Feel free to check out their network!
Website: https://www.ysl.io/
Medium: https://ysl-io.medium.com
Gitbook: https://docs.ysl.io/ysl-io/
Twitter: https://twitter.com/ysl_io?s=01
Github: https://github.com/ysl-io
Telegram Community Channels:
- English: https://t.me/yslen_ann
- Vietnamese: https://t.me/yslvn_ann
Telegram Groups:
- English 🇺🇲: https://t.me/ysl_io
- Vietnamese 🇻🇳: https://t.me/ysl_vn
- India 🇮🇳: https://t.me/ysl_in
- China 🇨🇳: https://t.me/ysl_cn
- Korea 🇰🇷: https://t.me/ysl_kr
- Russia 🇷🇺: https://t.me/ysl_ru
- Turkey 🇹🇷: https://t.me/ysl_ty
- Indonesia 🇮🇩: https://t.me/ysl_indo
- Spanish 🇪🇸🇲🇽: https://t.me/ysl_es
- Portuguese 🇵🇹🇧🇷: https://t.me/ysl_pt
We deliver these news articles based on our own thorough research. We want to preserve some important information regarding the project that is presented in our column. We value our readers’ opinion and appreciate your valued respect to us. The article above is not financial advice and as we always say “Invest at your own risk and only invest what you can afford to lose”.
