Colorful Research Institute YSL.IO - Maximizing the Return of Crypto Assets in DeFi

At 20:00 on July 14, Qicai Research Institute and YSL.IO shared practical information in the Qicai Research Institute live broadcast room with the theme of "YSL.IO-Maximizing the Return of Crypto Assets through DeFi". Host: Qicai Research Institute Ice Cream, sharing guest: Hardev Dhillon (Co-Founder).

The following content is provided by YSL.IO and compiled and published by Qicai Research Institute.

Colorful Research Institute Ice Cream: Good evening, everyone. I am the host of today’s live broadcast. Thank you to all the friends from Colorful Research Institute for meeting us on time. Let us welcome Hardev Dhillon, a guest from YSL.IO, to visit Colorful Research Institute. This AMA adopts the Chinese and English comparison mode. Let us enter today’s AMA theme event.

Q1. Caroline: Welcom Hardev Dhillon! First of all, can you give us a brief introduction about the YSL.IO project?

Q1. Ice Cream, host of Colorful Research Institute: Thank you very much, Hardev Dhillon, for taking the time to visit Colorful Research Institute today. First of all, could you give us a brief introduction to the YSL.IO project?

A1. Hardev Dhillon:I'd be happy to!

To give a brief introduction on our project: YSL.IO is a cutting-edge DeFi tool designed to maximize the returns of yield farming positions held on platforms such as ApeSwap Finance and PancakeSwap.

We have a completely unique approach to yield farming, that centers around our protocols ability to autonomously create locked liquidity whenever a user interacts with our platform.

The key features of our unique protocol are reflected in our project name; high YIELDS, rewards for STAKING and locked LIQUIDITY.

Our vision is to make YSL.IO the best place for the DeFi community to maximize returns on their crypto assets!

We're here to bring diversity to the Binance Smart Chain ecosystem and make DeFi farming both sustainable in the long-term and rewarding to native token holders.

A1. Guest: I'd love to! Let me briefly introduce our project: YSL.IO is a cutting-edge DeFi tool designed to maximize returns on yield mining positions held on platforms such as ApeSwap Finance and PancakeSwap.

We have a completely unique token model and approach to yield farming, centered around our protocol’s ability to automatically create locked liquidity whenever a user interacts with our platform.

The key features of our unique protocol are reflected in our project name; high yields, rewards for staking and locked liquidity.

Our vision is to make YSL.IO the best place for DeFi users to maximize their crypto asset returns!

We are here to bring diversity to the BSC ecosystem and make DeFi mining both sustainable in the long term and rewarding for native token holders.

Q2.Caroline: Can you introduce us to the core functions of the YSL.IO protocol?

Q2. Ice Cream, host of Qicai Research Institute: Can you introduce to us the core functions of the YSL.IO protocol?

A2. Hardev Dhillon: The YSL.IO protocol has been designed with several functions, here are the core functions that make us stand out among other projects:

1. Optimization and Amplification

The YSL.IO platform will offer vaults where users can deposit their LP tokens (for positions held on AMMs such as ApeSwap and PancakeSwap). Upon doing so, the YSL.IO protocol will optimize the APR (%) they receive on their positions through the creation of YSL-BUSD locked liquidity. In addition to the optmisation function, the protocol will also feature an amplification which can provide amplified returns of 300%.

For example:

The YSL.IO optimization function will increase the return of a BUSD-USDC position from 10.26% APR to 24.77% APY

The YSL.IO amplification function (Strategy 2) will increase the return BUSD-USDC position from 10.26% APR to 30.57% APY

These returns are far greater than other platforms that perform standard optmisation (harvest and compound 10.26% daily), as they will only yield a return of 10.80% APY

2. Automated Locked Liquidity

Our protocol has been designed to ensure there is a CONTINUAL creation liquidity! This has been made possible through our protocols unique capability of creating YSL-BUSD liquidity AUTONOMUSLY (https://bit.ly/3wPq5WJ).

More importantly, all the liquidity that is generated by our protocol will be LOCKED in the locked liquidity contract (ApeSwap Finance vesting factory) for a period of 1000 years!

And what makes our project truly novel, is that the price of our native governance token (sYSL) is tied to YSL-BUSD locked liquidity!

In other words; as the TVL of the YSL.IO platform increases with more users, the protocol will be creating more YSL-BUSD locked liquidity, which means the greater the price of the sYSL token!

A2. Guest: The YSL.IO protocol is designed with a variety of functions. The following are the core functions that make us stand out from other projects:

1. Optimize and scale up

The YSL.IO platform will offer vaults where users can deposit their LP tokens (for positions held on AMMs such as ApeSwa and PancakeSwap). Upon doing so, the YSL.IO protocol will optimize the APR (%) they receive from their positions by creating YSL-BUSD locked liquidity. In addition to the optimization feature, the protocol will also have an amplification feature that will provide a 300% amplified return.

For example:

YSL.IO Optimization Increases Returns on BUSD-USDC Positions from 10.26% APR to 24.77% APY

YSL.IO Amplification (Strategy 2) increases the return on BUSD-USDC positions from 10.26% APR to 30.57% APY

These returns are much higher than other platforms that perform standard optimization (daily harvesting and compounding 10.26%), as they only generate 10.80% APY returns.

2. Automatically lock liquidity

Our protocol is designed to ensure there is continuous liquidity creation! This is made possible through our protocol’s unique ability to create YSL-BUSD liquidity AUTONOMUSLY(https://bit.ly/3wPq5WJ).

More importantly, all liquidity generated by our protocol will be locked in the locked liquidity contract (ApeSwap Finance vesting factory) for 1000 years!

What makes our project truly novel is that the price of our native governance token (sYSL) is pegged to the liquidity locked in YSL-BUSD!

In other words; as the TVL of the YSL.IO platform increases with more users, the protocol will create more YSL-BUSD locked liquidity, which means a higher price for the sYSL token!

Q3.Caroline: YSL.IO has revolutionized the way in which yield 'optimisation' is conducted, can you briefly introduce us to the optimization process?

Q3. Ice Cream, host of Qicai Research Institute: YSL.IO has completely changed the way of "optimizing" the yield rate. Can you briefly introduce the optimization process to us?

A3. Hardev Dhillon: That's correct! The YSL.IO protocol has a completely novel approach to yield optimisation, maximizing the performance of a DeFi user's yield farming position held on AMMs by 150% through the autonomous creation of locked liquidity.

By creating YSL-BUSD locked liquidity equivalent to 200% of the tokens APR (%), the protocol can optimize the APR (%) of a base farm by 125% through auto-compounding LP tokens and also provide an additional return equivalent to 25% of the optimized APR (%).

For example:

If a user currently obtains a yield of 50% APR on their position held on ApeSwap Finance and deposits their LP tokens with a platform that only performs traditional optimisation, the user will only obtain a return of 64.82% APY (not including any fees that the other platform my deduct).

However, if that same user deposits their LP tokens into a vault on YSL.IO (Zero Deposit Fee), the user would obtain a return of 85.80% APY (74.64% APY as LP tokens + 11.16% APR as sYSL tokens).

The users return has increased from 50% APR to 85.80% APY!

More importantly, the YSL.IO user will be able to withdraw their compounded LP tokens from the YSL.IO vault at any time with Zero Withdrawal Fees!

A3. Guest: That's right! The YSL.IO protocol uses a brand new yield optimization method to maximize the performance of the yield positions held by DeFi users on AMM by 150% by automatically creating locked liquidity. By creating YSL-BUSD locked liquidity equivalent to 200% token APR(%), the protocol can optimize the base APR(%) by 125% through automatic compounding of LP tokens and provide additional returns equivalent to 25% of the optimized APR(%). For example: If a user's current holdings on ApeSwap Finance earn a yield of 50% APR and deposit their LP tokens into a platform that only performs traditional optimization, the user will only receive a return of 64.82% APY (excluding other platforms I deduct). However, if the same user deposits their LP tokens into the vault of YSL.IO (zero deposit fee), the user will receive an 85.80% APY return (74.64% APY as LP tokens + 11.16% APR as sYSL tokens). The user's return rate is increased from 50% APR to 85.80% APY! What’s more, YSL.IO users will be able to withdraw their Compound LP tokens from the YSL.IO treasury at any time with zero withdrawal fees!

Q4.Caroline: YSL.IO's amplification function can increase the yield of a DeFi user by 300%, how is it implemented?

Q4. Ice Cream, host of Qicai Research Institute: YSL.IO’s amplification capability can increase the output of DeFi users by 300%. How is it achieved?

A4. Hardev Dhillon: The YSL.IO amplification function will offer an enhanced version of the optimization function. This function is called Strategy 2.

To activate Strategy 2, a user will need to purchase and hold aYSL tokens (amplification tokens) equivalent to 10% of their holding on YSL.IO. These tokens can only be purchased on the YSL.IO platform and will maintain a stable price of $1.00.

For example:

If the deposit $1,000 worth of BUSD-USDC LP tokens into YSL.IO, they can activate Strategy 2 by purchasing and holding $100 worth of aYSL tokens.

When this function is activated, the protocol will increase the auto-compounding coefficient to 250% and also provide an additional return equivalent to 50% of the APR (%) being amplified.

For example:

If a user currently obtains a yield of 50% APR on their position held on ApeSwap Finance and deposits their LP tokens with a platform that only performs traditional optimisation, the user will only obtain a return of 64.82% APY (not including any fees that the other platform my deduct).

Instead by activating Strategy 2 on YSL.IO, the user would obtain a return of 227.06% APY (204.74% APY as LP tokens + 22.32% APR as sYSL tokens).

The users return has increased from 50% APR to 227.06%!

And the YSL.IO user will be able to withdraw their compounded LP tokens from the YSL.IO vault at any time with Zero Withdrawal Fees!

A4. Guest: The YSL.IO amplification function will provide an enhanced version of the optimization function. This function is called Strategy 2.

To activate Strategy 2, users need to purchase and hold aYSL tokens (amplified tokens) equivalent to 10% of their holdings on YSL.IO. These tokens can only be purchased on the YSL.IO platform and will maintain a stable price of $1.00.

For example:

If they deposit $1,000 worth of BUSD-USDC LP tokens into YSL.IO, they can activate Strategy 2 by purchasing and holding $100 worth of aYSL tokens.

When this feature is activated, the protocol will increase the automatic compounding factor to 250% and provide an additional return equivalent to 50% of the amplified APR (%).

For example:

If a user currently earns a 50% APR on their holdings on ApeSwap Finance and deposits their LP tokens into a platform that only performs traditional optimizations, the user will only receive a return of 64.82% APY (excluding other platforms I deduct)

Conversely, by activating Strategy 2 on YSL.IO, users will receive a return of 227.06% APY (204.74% APY as LP tokens + 22.32% APR as sYSL tokens).

The user return rate increased from 50% APR to 227.06%!

YSL.IO users will be able to withdraw their Compound LP tokens from the YSL.IO vault at any time with zero withdrawal fees!

Q5. Caroline: The YSL.IO protocol will allocate six independent rewards after each new block is completed. What are the specific rewards? Can you tell us in detail?

Q5. Qicai Research Institute host Xuegao: The YSL.IO protocol will distribute six independent rewards after each new block is completed. What are the specific rewards? Can you introduce them to us in detail?

A5. Hardev Dhillon: That's right! These rewards can be harvested as sYSL tokens.

The first three rewards are earned by those that stake tokens in the sYSL vault or the YSL-BUSD vault:

1. Liquidity Mining Reward: 300% of initial sYSL token supply will be minted and distributed over 4000 days.

2. Monthly Buy-Back Reward: These rewards are generated using the BUSD acquired from the Optimization Tax, Amplification Tax, aYSL entrance fee, sYSL entrance fee and the sYSL exit fee.

3. Inflation Reward: The YSL.IO protocol will mint sYSL tokens on each block at an inflation rate of 10% per annum. The protocol will determine the inflation by using the current total supply of sYSL tokens. The sYSL tokens that are minted will be sent to a reward pool for distribution (distributed over 365 days).

The fourth reward is for those that participate in our referral program:

4. Referral Reward - Any individual that shares a referral link can earn Referral Rewards. The Referral Reward (0.5% APR) that is received by an individual is dependent upon the TVL held by the user that they have referred.

The fifth and sixth rewards will be received by all YSL.IO vault participants:

5. Optmisation Reward – This reward is distributed on each block to any user that benefits from the YSL.IO optimisation function.

6. Amplification Reward - This reward is distributed on each block to any user that benefits from the YSL.IO amplification function.

A5. Guest: That’s correct! These rewards can be obtained as sYSL tokens.

The first three rewards are earned by those who stake tokens in the sYSL vault or the YSL-BUSD vault:

1. Liquidity Mining Rewards: 300% of the initial sYSL token supply will be minted and distributed over 4,000 days.

2. Monthly Buyback Rewards: These rewards are generated using BUSD earned from the Optimize Tax, Amplify Tax, aYSL Entry Fee, sYSL Entry Fee, and sYSL Exit Fee.

3. Inflation Rewards: The YSL.IO protocol will mint sYSL tokens on each block at an inflation rate of 10% per year. The protocol will use the current total supply of sYSL tokens to determine inflation. The minted sYSL tokens will be sent to the reward pool for distribution (distribution time is over 365 days).

The fourth bonus is for those who participate in our referral program:

4. Referral Rewards — Any individual who shares a referral link can earn referral rewards. The referral reward (0.5% APR) an individual receives depends on the TVL held by the user they refer.

All YSL.IO Treasury participants will receive the fifth and sixth rewards:

5. Optimization Rewards - This reward is distributed on each block to any user who benefits from YSL.IO's optimized features.

6. Amplification Rewards - This reward is distributed on each block to any user who benefits from the YSL.IO amplification feature.

Q6.Caroline: Can you elaborate on the YSL.IO referral plan and how users can get 10% referral rewards?

Q6. Ice Cream, host of Qicai Research Institute: Can you explain to us in detail the YSL.IO referral plan and how users can obtain the 10% referral reward?

A6. Hardev Dhillon: Sure! We are currently running a 10% Referral bonus program during our sale period!

So if you refer someone that contributes to the sale, you will earn 10% based on their contribution made by those you refer.

For example: if you were to refer someone that had a $10k contribution you would get back $1k worth of sYSL tokens at the end of the discovery phase.

More importantly, any individual that refers participants during the price discovery phase will benefit if those same participants were to utilize the amplification function once the platform launches and the YSL.IO referral program begins.

Each individual will receive Referral Block Rewards (0.5% APR) based upon the TVL and vault being amplified by the user they referred during the price discovery phase!

A6. Guest: Of course! We are currently running a 10% referral bonus program during the sale!

So if you refer someone who contributes to sales, you will get 10% based on the contribution of the person you referred.

For example: If you refer someone who contributes $10,000, you will receive $1,000 worth of sYSL tokens at the end of the discovery phase.

More importantly, any individual who referred a participant during the price discovery phase will benefit if these participants take advantage of the amplification feature once the platform launches and the YSL.IO referral program begins.

Everyone will receive a referral block reward (0.5% APR) based on the TVL and vaults amplified by the users they referred during the price discovery phase!

Q7.Caroline: . DAO governance is an important part of decentralized development. How does YSL.IO realize a true decentralized governance model?

Q7. Ice Cream, host of Qicai Research Institute: DAO governance is an important part of decentralized development. How does YSL achieve a truly decentralized governance model?

A7. Hardev Dhillon: When the platform launches, the community-governance function will be implemented through the YSL.IO governance portal. The sYSL token (BEP-20) will operate as the governance token for the YSL.IO platform. The community-governance function will enable token holders to vote on various proposals that will help spread awareness and increase the protocols utility demand.

Any user that wishes to participate in the governance of YSL.IO will need to stake sYSL tokens in the sYSL vault. The weight of a vote will depend on a user's TVL staked within the sYSL vault. In other words, the greater a user's TVL, the greater the weight of their vote. The community-governance function will then utilize the YSL.IO treasury as a means of funding the proposal.

Further details on our decentralized governance model can be found here ? https://docs.ysl.io/ysl-io/v/cn/development/governance

A7. Guest: After the platform goes online, the community governance function will be implemented through the YSL.IO governance portal. The sYSL token (BEP-20) will operate as the governance token of the YSL.IO platform. The community governance function will enable token holders to vote on various proposals that will help spread awareness and increase the demand for protocol utility.

Any user who wishes to participate in YSL.IO governance will need to stake sYSL tokens in the sYSL treasury. The weight of the vote will depend on the user's TVL in the sYSL vault. In other words, the greater the user's TVL, the greater their voting weight. The community governance function will then utilize the YSL.IO treasury as a means of funding proposals.

More details on our decentralized governance model can be found here:

https://docs.ysl.io/ysl-io/v/cn/development/governance

Q8. Caroline: YSL.IO's token economy is specifically designed to take full advantage of locked liquidity, so can you talk about token distribution in detail? And after the 30-day price discovery phase is over, how to calculate the initial supply of YSL and sYSL tokens?

Q8. Ice Cream, host of Qicai Research Institute: The token economy of YSL.IO is specially designed to fully utilize locked liquidity. Can you talk about the token distribution in detail? And how to calculate the initial supply of YSL and sYSL tokens after the 30-day price discovery phase?

A8. Hardev Dhillon: The initial token supply for both tokens will be determined upon the conclusion of our 30-day price discovery phase (23-day private sale + 7-day public sale).

The initial supply for the sYSL token will be dependent upon the amount of bonus value created from the bonus multiplier, the sum total of the referral bonus and the sum total of BUSD collected.

Given that, the protocol mints YSL tokens equivalent to 50% of the BUSD collected (sent as liquidity to establish the YSL-BUSD pool on ApeSwap Finance), the initial supply of the YSL token will be dependent upon the value collected at the end of the 30-day price discovery phase.

The YSL.IO contract has no set maximum supply for the YSL token. This stems from the protocol's core objective of maximizing the benefits attributable to creating 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.

Similarly, 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 sYSL tokens, locked liquidity will be created equivalent to 200% of the purchase value.

This essentially will have a domino effect on the amount of sYSL tokens that will be minted, as the increase in locked liquidity will lead to the sYSL token increasing in 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!

Our project has the ultimate positive feedback loop to encourage users to hold our token in the long run!

Increase in YSL.IO TVL = Increase in YSL-BUSD locked liquidity = Increase in sYSL token price

We believe so strongly in our tokenomic model that we have had mathematicians (gotbit.io) perform several stress tests to simulate a worst-case scenario. Their results confirm that even in the absolute worst-case scenario, where the crypto space is plunged into another bear market, the price of sYSL will continue to rise!

We released an article of the mathematicians findings here: https://bit.ly/3dTTNCJ

A8. Guest: The initial token supply of both tokens will be determined at the end of our 30-day price discovery phase (23 days of private sales + 7 days of public sales).

The initial supply of sYSL tokens will depend on the value of bonuses created by the bonus multiplier, the sum of referral bonuses, and the sum of BUSD collected.

Given that the protocol mints YSL tokens equivalent to 50% of the BUSD collected (sent as liquidity to establish the YSL-BUSD pool on ApeSwap Finance), the initial supply of YSL tokens will depend on the value collected at the end of the 30-day price discovery phase.

The YSL.IO contract does not set a maximum supply of YSL tokens. This stems from the core goal of the protocol, which is to maximize the returns attributable to the creation of YSL-BUSD locked liquidity. Given that the creation of locked liquidity fundamentally requires the protocol to mint YSL tokens; setting a capped supply for the token is counterintuitive as it would effectively limit the amount of locked liquidity that can be created.

Likewise, there is no set maximum supply for sYSL tokens, as supply limits would restrict the generation of locked liquidity.

This is because every time a user decides to buy sYSL tokens, locked liquidity equivalent to 200% of the purchase value will be created.

This will essentially have a domino effect on the number of sYSL tokens minted, as the increase in locked liquidity will cause the price of the sYSL token to increase!

This integration of locked liquidity in the token economy is unlike any other BSC project and will provide long-term stability and value to sYSL token holders!

Our project has the ultimate positive feedback loop to encourage users to hold our tokens for the long term!

YSL.IO TVL increase = YSL-BUSD locked liquidity increase = sYSL token price increase

We believe so much in our token model that we had mathematicians (gotbit.io) run several stress tests to simulate worst-case scenarios. Their results confirm that even in the absolute worst-case scenario, where the crypto space falls into another bear market, the price of sYSL will continue to rise!

We published an article about the mathematicians' findings here: https://bit.ly/3dTTNCJ

Q9.Caroline: Can you tell us about the team members and future development plans?

Q9. Ice Cream, host of Qicai Research Institute: Could you please introduce the team members and future development plans to us?

A9. Hardev Dhillon: I'll begin with a brief background on myself:

I'm a Certified Practising Accountant (CPA) with a background in Finance, Accounting and Business, specializing in Financial Risk Management and Advanced Taxation (I love numbers!). I have broad experience across banking and accounting with companies such as HSBC, Westpac, KPMG, and Deloitte.

Simran Dhillon (@simran_ysl), is the other Co-Founder of YSL.IO. Just to give you a quick background on him:

Simran has a diverse professional background across IT and Business, with notable industry experience with companies such as Microsoft and HSBC.

More importantly, he is a crypto veteran that has garnered significant experience within the crypto space, both as a programmer and working in the background as an advisor for several Blockchain projects including Zencash (which is now known as Horizen).

In addition to @simran_ysl and myself, we have a dedicated team of eight blockchain developers + one UI/UX designers focused on the development of our smart contracts and platform.

Each member of our team are experts within their respective fields and are all busy working their magic behind the scenes to ensure we can deliver the best possible version of YSL.IO.

We also have a marketing team that are hard at work, creating informative articles and material that will help spread awareness of our unique concept and the numerous benefits that YSL.IO offers.

In terms of our development plans:

When developing YSL.IO we were focused on quality but with a fast-paced approach.

A lot of projects nowadays promise magic with just a whitepaper, but we believe in putting the horse in front of the cart and not the other way around!

Currently our price discovery is live and will run until July 31st, and our platform will launch and be fully operational with live vaults immediately after our private and public sale ends.

Here's the link to the private sale ? https://www.ysl.io/

Our smart contracts are currently being audited by Solidity Finance (https://solidity.finance/) and we will also be engaging with Certik (https://www.certik.io/#home) to perform an additional audit before our platform launch.

Here's a preview of our platform:

One of our most notable milestones in our development has to be our partnership with ApeSwap Finance. And we were lucky enough to have been accepted into their highly coveted ApeSwap BUIDL program!

The announcement can be found in the most recent #BUIDL newsletter released by ApeSwap ? https://bit.ly/2STasPh

We intend to grow YSL.IO on all levels and fronts, here's what we have in store for the rest of 2021 after our platform launch:

❇️ YSL token listing (CoinMarketCap, CoinGecko)

❇️ Cross-chain integration(s) with Polygon and Ethereum

❇️ Preliminary version of the community-governance function

❇️ Platform frontend (UI/UX) language options (Simplified Chinese, Vietnamese)

❇️ Cross-chain swaps through Ethereum via Uniswap cross-chain bridge integration

In addition to this we also have some partnerships that are currently in the works, so stay tuned for those!

A9. Guest: I will start with a brief background of myself:

I am a Certified Practising Accountant (CPA) with a background in finance, accounting and business, specialising in financial risk management and advanced taxation (I love numbers!). I have extensive experience in banking and accounting with companies such as HSBC, Westpac, KPMG and Deloitte.

Simran Dhillon (@simran_ysl) is the other co-founder of YSL.IO. Just to give you a quick background on him:

Simran has a diverse professional background in IT and business, with notable industry experience in companies such as Microsoft and HSBC.

What’s more, he is a crypto veteran with extensive experience in the crypto space, both as a programmer and in the background as a consultant for multiple blockchain projects, including Zencash (now known as Horizen).

In addition to @simran_ysl and myself, we have a dedicated team of eight blockchain developers and one UI/UX designer focusing on the development of our smart contracts and platform.

Each member of our team is an expert in their field and they are all busy working their magic behind the scenes to ensure we deliver the best possible version of YSL.IO.

We also have a hard working marketing team who create informative articles and materials that will help spread awareness of our unique concept and the many benefits that YSL.IO offers.

In terms of our development plans:

When developing YSL.IO, we focused on quality but with a fast-paced approach.

Many projects now promise magic with just a white paper, but we believe in putting the horse before the cart and not the other way around!

Currently, our price discovery is live and will continue to be live until July 31st, and our platform will be up and fully operational with live vaults immediately after our private and public sales close.

Here is the link for the private sale: https://www.ysl.io/

Our smart contracts are currently being audited by Solidity Finance (https://solidity.finance/), and we will also be working with Certik (https://www.certik.io/#home) to conduct additional audits prior to our platform launch.

Here is a preview of our platform:

One of the most notable milestones in our development has to be our partnership with ApeSwap Finance. We were lucky enough to be accepted into their coveted ApeSwap BUIDL project!

The announcement can be found in the latest #BUIDL newsletter published by ApeSwap https://bit.ly/2STasPh

We intend to grow YSL.IO on every level and in every aspect, here is what we have in store for the rest of 2021 after the launch of our platform:

❇️ YSL token listed (CoinMarketCap, CoinGecko)

❇️ Cross-chain integration with Polygon and Ethereum

❇️ Preliminary version of community governance function

❇️ Platform front-end (UI/UX) language options (Simplified Chinese, Vietnamese)

❇️ Cross-chain swaps via Ethereum through Uniswap cross-chain bridge integration

In addition, we have some partners in development, so stay tuned!

Q10.Caroline: . Can you tell us about the future airdrop distribution of YSL.IO?

Q10. Ice Cream, host of Qicai Research Institute: Can you tell us about the future airdrop plan of YSL.IO?

A10, Hardev Dhillon: I'd be happy to!

We will perform a post-launch airdrop of tokens each time we launch onto a new chain!

Users that stake sYSL tokens into the sYSL vault will receive a share of the cross-chain airdrop each time we launch YSL.IO onto a new chain!

We plan to perform a cross-integration with Polygon a few months after our platform launches. Once we do, we will airdrop 50% of the new token supply to users that stake in the sYSL vault.

The airdrop will be distributed on the Binance Smart Chain to all sYSL vault participants in accordance with their TVL held within the vault, so the more you have staked in the vault, the greater your allocation of the airdrop.

In addition to airdrops, sYSL token holders have more incentives to stake their sYSL tokens:

1. Liquidity mining program – Users that stake their sYSL tokens in the sYSL vault will earn liquidity rewards. These rewards are minted after the price discovery and will be distributed over 4000 days to participants of the vault, with each participant receiving a share based on the amount of sYSL tokens they have staked.

2. Block rewards – Users that stake sYSL tokens into the sYSL vault will earn a share of the monthly Buy-Back Reward and the Inflation Reward.

A10. Guest: I’d love to! Every time we launch a new chain, we will perform a token airdrop after issuance!

Every time we launch YSL.IO on a new chain, users who stake sYSL tokens into the sYSL Vault will receive a cross-chain airdrop!

We plan to cross-integrate with Polygon a few months after the platform launches. Once we do, we will airdrop 50% of the new token supply to users who have a stake in the sYSL vault.

The airdrop will be distributed to all sYSL Vault participants on the Binance Smart Chain based on the TVL they hold in the vault, so the more you stake in the vault, the bigger your airdrop allocation will be.

In addition to the airdrop, sYSL token holders have additional incentives to stake their sYSL tokens:

1. Liquidity Mining Program - Users who stake sYSL tokens in the sYSL Treasury will receive liquidity rewards. These rewards are minted after price discovery and will be distributed to participants in the Treasury within 4,000 days, with each participant receiving a share based on the number of sYSL tokens they stake.

2. Block Rewards - Users who stake sYSL tokens into the sYSL Treasury will receive a portion of the monthly buyback rewards and inflation rewards.

Host of Qili Research Institute Ice Cream: Okay, thank you very much for Hardev Dhillon's wonderful sharing. For this reason, we have also gained a new understanding of YSL.IO. If you have any questions about YSL.IO, you can ask your questions in the free questioning session. The guests will randomly select questions to reply.

Q1:When will SYSL be released? Where can I buy one?

A1:You can buy sYSL from our private and public sales.

The Private Sale is currently live and has a 3.00x Bonus Multiplier, So if you were to deposit 5k during the private sale, you will essentially receive 15k worth of sYSL tokens, that's $10k of bonus value

The public sale will begin on July 24th, and on the last day there will be no lock period! ‌ ‌Here is the link to buy https://www.ysl.io/

Q2:What is the profit source of ysl.io? What is the revenue model? What are the benefits for token holders?

A2:Our protocols revenue is sourced from four main aspects:

1️. Optimisatio & Amplification Tax - 5% collected from the APR (%) of the token

2️. sYSL exit fee - An equivalent of 2% collected when sYSL is sold

3️. sYSL entrance fee - An equivalent of 2% collected when sYSL is purchased

4️. Inflation block reward - 20% allocation, distributed on each block

It's important to note that our native token holders that stake in the sYSL vault & YSL-BUSD vault will also benefit from these same four aspects:

1️. Optimisation & Amplification Tax - An equivalent of 5% collected from the APR (%) of the token - Contributed to the MONTHLY BUY-BACK

2️. sYSL exit fee -An equivalent of 8% collected when sYSL is sold - Contributed to the MONTHLY BUY-BACK

3️. sYSL entrance fee - An equivalent of 8% collected when sYSL is purchased - Contributed to the MONTHLY BUY-BACK

4️. Inflation block reward - 80% allocation (50% to the YSL-BUSD vault & 30% to the sYSL vault), distributed on each block

Q3: Has the project passed the audit now?What are the third-party audit institutions?

A3:Our smart contracts are currently being audited by Solidity Finance (https://solidity.finance/) and we will also be engaging with Certik (https://www.certik.io/#home) to perform an additional audit before our platform launch.

In addition to external audits, our team has incorporated several features into the protocol to ensure MAXIMUM SECURITY:

1️. Price Feeds by Chainlink: the protocol can better resist flash loan attacks, network congestion, and centralised infrastructure disruption.

2️. Smart Contract Timelocks: these will be integrated across all our smart contracts to protect our users and funds, as a delay/period of time is required before any changes can be made to any smart contracts.

3️. Real-Time Monitoring of the Main Oracle Price: When there is a serious deviation between the main oracle and the system, the system will alert and notify our development team to ensure timely action.

4️. Prevention of External Smart Contract Interaction: With the recent flash loan attacks on BSC, we will incorporate a stop on all external smart contracts to interact with our contract, mitigating the risk of any flash loan attack within our protocol.

Q4:What is the biggest advantage of YSL.IO compared to other defi?

A4:ZERO FEES

We designed our platform to be extremely cost effective from a users perspective!

- ZERO SWAP FEES

- ZERO DEPOSIT FEES

- ZERO WITHDRAWAL FEES

- ZERO PERFORMANCE FEES

This not only provides the user with ultimate flexibility but also makes it extremely easy for a user to benefit from our protocols exceptional yield optimisation and amplification functions, simply deposit LP tokens into any of our vaults and our protocol will handle all the heavy lifting of maximising your returns, it's that simple!

Ice Cream, host of Qicai Research Institute: Due to time constraints, this AMA is about to end. We will continue to share more project information in the group in the future. Thanks to Hardev Dhillon for sharing today, and thanks to all the friends for participating. The whole process is full of practical information.

This event is co-organized by Qicai Research Institute and YSL.IO.

With strategic support from multiple media outlets, thank you to all my colleagues for your support. See you in the next episode in the Qicai Research Institute’s live studio.