Ysl.Io — a state-of-the-art DeFi tool, designed to optimize and maximize profits from pharma platforms while maximizing the benefits of locked liquidity to create a truly unprecedented token economy.
Contents:
Features of the YSL.IO project
The Ysl.IO protocol challenges the status quo by offering a completely unique approach to farming, supported by the creation of YSL-BUSD locked liquidity. More importantly, it has been designed to be cost effective from a user perspective. This not only provides the user with maximum flexibility, but also makes it extremely easy to take advantage of the YSL.IO protocol.
YSL.IO offers storage for LP tokens from ApeSwap Finance or PancakeSwap, with other platforms, planned to appear in the near future such as Biswap, Venus Protocol, Belt Finance and bZx Network.
The protocol has a strengthening function, consisting of Strategy 1 and 2:
| Strategy 1 | Works in conjunction with a referral program, whereby when a new user connects to YSL.IO via a referral link, the protocol activates the "Amplification". This leads to the fact that the new user receives a 170% increase in profitability, and the referrer receives a reward in the form of sYSL tokens. |
| Strategy 2 | Will be activated by the protocol when the user holds an aYSL balance equivalent to at least 10% of their TVL on YSL.IO. Upon activation, the protocol will provide the user with a 225% increase in profitability while creating 220% of YSL-BUSD locked liquidity. |
Ysl.Io smart contracts will be deployed on BSC, a diverse and growing digital asset ecosystem, based on the Binance decentralized exchange. The main factor that BSC has chosen as the main location for YSL.IO smart contracts - the lower relative cost, associated with gas charges. As a result, the protocol will be able to perform more interactions and much more complex methods than would be possible in Ethereum.
Referral program work
The YSL.IO referral program - a one-level program that will take effect after the platform is launched. Any new user who connects through the referral link will benefit from a base increase of 170% by activating Strategy 1. In other words, the new user will receive boosted income (sYSL tokens), equivalent to 170% of the total income, generated from their position.
The Ysl.Io referral program is also beneficial for existing users who decide to share their referral link with a referrer capable of earning referral rewards (sYSL tokens). The referrer will be able to place their rewards (sYSL tokens) in the sYSL storage to receive a share of the liquidity mining rewards.
More about YSL.IO on Binance
You can study the project in more detail through a special document. The information is available in the relevant sections there. There is a RoadMap that presents a development plan for 2021:
Subscribe and read the latest news.