{"id":10410,"date":"2021-06-28T07:57:35","date_gmt":"2021-06-28T04:57:35","guid":{"rendered":"https:\/\/esatoshi.club\/?p=10410"},"modified":"2021-06-28T07:57:38","modified_gmt":"2021-06-28T04:57:38","slug":"ysl-io-x-satoshi-club-ama-recap-from-21st-of-june","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/06\/28\/ysl-io-x-satoshi-club-ama-recap-from-21st-of-june\/","title":{"rendered":"YSL.io x Satoshi Club AMA Recap from 21st of June"},"content":{"rendered":"\n<p>Welcome to another episode of our AMA\nseries. Today we are glad to tell you about the AMA session with our friends\nfrom<a href=\"https:\/\/ysl.io\/\">YSL.IO<\/a>, a cutting-edge DeFi tool\ndesigned to OPTIMISE &amp; AMPLIFY returns from yield farming platforms through\nsophisticated techniques. The AMA took\nplace on June 21 and our guests was Hardev Dhillon, the Co-Founder of\nYSL.IO.<\/p>\n\n\n\n<p>The total reward pool was 500$ and was\ndivided into three parts. In this AMA Recap we will try to summarize some of\nthe most interesting points for you.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 1, INTRODUCTION AND COMMUNITY\nQUESTIONS<\/strong><\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Hello\nSatoshi Club! We are happy to announce our AMA session with ISL.IO! Welcome to\nSatoshi Club.<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;<\/strong><strong>&#xfe0f;YSL.IO: <\/strong>Hello\n@madamlobster! Great to be here, thanks for having me!<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>We\nare happy to see you here as well! We want to know about ISL.IO as much as\npossible.<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;<\/strong><strong>&#xfe0f;YSL.IO: <\/strong>Look\nforward to sharing insights of YSL.IO with the Satoshi CLU\u20bf Community! <\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Could\nyou tell us more about yourself and your role at ISL.IO and of course introduce\nus this awesome project.<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;<\/strong><strong>&#xfe0f;YSL.IO: <\/strong>&nbsp;I&#8217;d be happy to! I am Hardev Dhillon, the\nCo-Founder of YSL.IO<\/p>\n\n\n\n<p>\u200cI&#8217;ll begin with a brief background on myself; I&#8217;m a\nCertified Practicing Accountant (CPA) with a professional background in\nFinance, Accounting and Business, specialising in Financial Risk Management and\nAdvanced Taxation (I love numbers!). I have broad experience across\nbanking\/accounting (HSBC, Westpac, KPMG, and Deloitte), which has allowed me to\nappreciate the importance of driving error-free standards for compliance,\ndevelop strategic plans for transformation, and create risk frameworks for the\nevaluation of a range of sectors\/functions.<\/p>\n\n\n\n<p>Simran Dhillon (@simran_ysl), is the other Co-Founder of\nYSL.IO. Just to give you a quick background on him; Simran has diverse\nprofessional background across IT and Business, and has notable industry\nexperience with companies such as Microsoft and HSBC. More importantly, he is a\ncrypto veteran that has garnered significant experience within the crypto\nspace, both as a programmer and working in the background as an advisor for a\nnumber of Blockchain projects including Zencash (which is now known as\nHorizen).<\/p>\n\n\n\n<p>In addition to @simran_ysl and myself, we have a dedicated\nteam of 7 blockchain developers + 1 UI\/UX designers that are focused on the\ndevelopment of our smart contracts and platform. Each of them are experts\nwithin their respective fields and are all busy working their magic behind the\nscenes &#x2728;&nbsp; to ensure we\ncan deliver the best possible version of YSL.IO for our11k+ community. We also\nhave a marketing team that are hard at work, drumming up informative materials\nthat will help spread awareness of our unique concept. Here&#8217;s a quick overview of\nwhat YSL.IO stands for and some of our stand-out features:<\/p>\n\n\n\n<p>YSL.IO &#x1f48e; = [ &#x2b50;&#xfe0f;\nYield + &#x1f497; Staking + &#x1f30a; Liquidity] = &#x1f680;<\/p>\n\n\n\n<p>YSL.IO is a cutting-edge DeFi tool designed to OPTIMISE and\nAMPLIFY the returns from yield farming platforms, whilst maximising the\nbenefits of LOCKED LIQUIDITY to create a truly unparalleled token economy.<\/p>\n\n\n\n<ul><li>\u200cZero Platform Fees \u2013 YSL.IO does not charge a\nDeposit fee, Withdrawal fee or a Performance fee<\/li><li>\u200cNovel Tokenomics &#8211; The governance token of YSL.IO\n(sYSL) is correlated to YSL-BUSD Locked Liquidity<\/li><li>Continual Growth in Locked Liquidity &#8211; Our\nprotocol autonomously creates YSL-BUSD Locked Liquidity<\/li><li>Automated Buy-Backs &#8211; sYSL token holders and\nYSL-BUSD liquidity providers can stake their tokens to earn a share of the\nmonthly buy-back.<\/li><li>Maximized APR (%) &#8211; Our protocol will OPTIMISE\npositions (held on AMMs) by 300%.<\/li><\/ul>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Thank\nyou, very detailed intro did you develop ISL.IO for a\nlong time?<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>We&#8217;ve been working\non YSL.IO since the beginning of 2021.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Why\ndid you decide to create cutting-edge DeFi tool? Why this direction?<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>The idea for\nYSL.IO initially started after of the emergence of number of product-focused\nsystems popping up in DeFi, and @simran_ysl and myself found ourselves drawn to\nthe inner-workings and mechanics behind these systems, inspiring us to build\none of our own.&nbsp; We both had a good\nunderstanding of the yield farming space, being \u2018farmers\u2019 ourselves, and\ndecided early on that our concept had to not only be unique but also be able\ndeliver real value to the BSC ecosystem. Our ethos was simple; provide value to\na DeFi farmer and ensure long-term value for our native token holders. After\nmonths of trial and error, testing countless hypotheses and perfecting models,\nwe created the unique protocol design of YSL.IO.<\/p>\n\n\n\n<p><strong>Q1 from Telegram user\n@Highpee <\/strong><\/p>\n\n\n\n<p><em>The private and public\nsale of $sYSL starts on July 1st and you said there will be no whitelist as\neveryone is welcome to participate. What token will user deposit in order to\nbuy $sYSL and how long will presale last? On what platform will it take place?\nAnd since the first month of launch is tagged the Price Discovery Phase, which\nmeans $sYSL will have no price during presale, how will investors know the\namount of $sYSL to receive and what will you use to differentiate private and\npublic investors? How will you set the presale fund to be raised? And lastly, I\nread that bought $sYSL will only be released to investors 30 days after\npresale. Does it mean that there will be no way investors will able to interact\nwith your protocol for the first 30 days of launch since only $sYSL can act as\nthe governance token that grants access to your cutting-edge yield optimisation\nservices and reward? <\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>A user can provide\nWBNB or BUSD, there is no presale only a private sale + public sale that lasts\na total of 30 days. Public sale participants have a higher bonus multiplier and\na higher min deposit. The sYSL will be available for withdrawal immediately\nafter the price discovery (when the platform launches) not 30 days. <\/p>\n\n\n\n<p>sYSL tokens will only be available to purchase after 30\ndays. Remember that sYSL is tied to YSL-BUSD liquidity, so once the platform\nlaunches and the TVL on YSL.IO increases, YSL-BUSD liquidity will increase, this\nwill cause the price of the sYSL token to increase. SO DONT MISS OUT ON THE\nPUBLIC + PRIVATE SALE!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"814\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-06-27_16-10-49-1024x814.jpg\" alt=\"\" class=\"wp-image-10417\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-10-49-1024x814.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-10-49-300x239.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-10-49-768x611.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-10-49.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>For all the details, please refer to our Gitbook<a href=\"https:\/\/docs.ysl.io\/ysl-io\/ysl-core-protocol\/price-discovery-participation\">https:\/\/docs.ysl.io\/ysl-io\/ysl-core-protocol\/price-discovery-participation<\/a>\n<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Everything\nwill happen on your site?<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>That&#8217;s correct!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"700\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-06-27_16-15-22-1024x700.jpg\" alt=\"\" class=\"wp-image-10418\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-15-22-1024x700.jpg 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-15-22-300x205.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-15-22-768x525.jpg 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-15-22-474x324.jpg 474w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_16-15-22.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Here&#8217;s a preview of the sale page.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Got\nit! I like that everyone will have a chance.<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong><a href=\"https:\/\/t.me\/Satoshi_club\/932002\">https:\/\/t.me\/Satoshi_club\/932002<\/a><\/p>\n\n\n\n<p>That&#8217;s right! Our private and public sale is open to all,\nthere&#8217;s no whitelist and everyone is welcome to participate! We are also\nrunning a referral bonus program during the price discovery phase, where you\ncan earn 10% on the contribution made by those you refer. So if you were to\nrefer someone that had a $60k contribution you would get back $6k worth of sYSL\ntokens at the end of the discovery phase.<\/p>\n\n\n\n<p><strong>Luis Merino <\/strong><strong>&#x1f1ea;&#x1f1f8; | Satoshi\nClub: <\/strong>Can you share your tokenomics with us, please?<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>Sure, so there are\n3 key components to our token economy:<\/p>\n\n\n\n<p>\u200c&#x26a1;&#xfe0f; YSL token &#8211; Utility &#x1f48e;\nsYSL token &#8211; Governance&nbsp; &#x1f30a;\nYSL-BUSD liquidity pool &#8211; Held on ApeSwap Finance<\/p>\n\n\n\n<p>The key thing to know about our tokenomic model is that the\nprice of the sYSL token is tied to YSL-BUSD locked liquidity, and we have\ndesigned the YSL.IO protocol to create YSL-BUSD locked liquidity whenever a user\ninteracts with the platform. In other words; as users begin to use YSL.IO, the\nTVL of the platform increases, the more YSL-BUSD locked liquidity is created,\nand the greater the price of the sYSL token! &#x1f680;<\/p>\n\n\n\n<p>YSL.IO TVL = YSL-BUSD\nlocked liquidity = sYSL token price &#x23eb;<\/p>\n\n\n\n<p>The initial token supply for YSL &amp; sYSL will be\ndetermined upon the conclusion of the 30-day price discovery phase. <\/p>\n\n\n\n<p>The initial supply for the sYSL token will be dependent upon\nthe amount of bonus value created from the bonus multiplier, the sum total of\nthe referral bonus and the sum total of BUSD collected. <\/p>\n\n\n\n<p>The protocol will mint YSL tokens equivalent to 50% of the\nBUSD collected (sent as liquidity to establish the YSL-BUSD pool on ApeSwap Finance),\nso the initial supply of the YSL token will be dependent upon the sum total of\nBUSD collected at the end of the price discovery phase.<\/p>\n\n\n\n<p>All the details on our unique tokenomics model can be found\nin our Gitbook<a href=\"https:\/\/docs.ysl.io\/ysl-io\/ysl-core-protocol\/tokenomics\">https:\/\/docs.ysl.io\/ysl-io\/ysl-core-protocol\/tokenomics<\/a>\n<\/p>\n\n\n\n<p><strong>Q2 from Telegram user\n@orlemys<\/strong><\/p>\n\n\n\n<p><em>&nbsp;You have mentioned that YSL.IO will be fully\noperational at launch. Can you walk us through the steps for using your\nplatform? You have also mentioned that there will be zero platform fees, zero\ndeposit fees, and zero withdrawal fees. This is a bit confusing. How will you\ngenerate income for your holders? What are the exact benefits users get from\nholding your token long-term? Why haven\u2019t we seen zero% fees like this from\nmajor protocols? What kind of methods\/technology are you using?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>We have dedicated\na lot of effort to ensure the design of our interface is not only engaging but\nis extremely user friendly to even the most novice of DeFi users.<\/p>\n\n\n\n<p>&#x2705; JUST DEPOSIT AND EARN &#8211; A user\nsimply needs to deposit LP tokens into any of our active vaults and our\nprotocol will handle all the heavy lifting of maximising your returns by 300%, it\u2019s\nthat simple! &#x1f44d;&#x1f3fc;<\/p>\n\n\n\n<p>&#x2705; TUTORIALS &#8211;&nbsp; We have created guided tutorials that provide\neasy-to-follow steps and walk you through how to use the platform &#x1f449;<a href=\"https:\/\/docs.ysl.io\/ysl-io\/more-information\/tutorials\">https:\/\/docs.ysl.io\/ysl-io\/more-information\/tutorials<\/a>.<\/p>\n\n\n\n<p>Our protocols revenue is sourced from four aspects:<\/p>\n\n\n\n<ol><li>Optimisation &#8211; An equivalent of 2% collected\nfrom the APR (%) of the token being optimized.<\/li><li>sYSL exit fee -An equivalent of 2% collected\nwhen sYSL is sold.<\/li><li>sYSL entrance fee &#8211; An equivalent of 2%\ncollected when sYSL is purchased.<\/li><li>Inflation block reward &#8211; 20% allocation,\ndistributed on each block. <\/li><\/ol>\n\n\n\n<p>The revenue collected will go towards ongoing operational\nexpenses, including maintenance\/development of the protocol, remuneration for\nengineers\/developers, and to cover expenditures for ongoing audits and\nmarketing. The mechanism behind how these are collected can be found in our\nGitbook (&#x1f449;https:\/\/docs.ysl.io\/ysl-io\/) <\/p>\n\n\n\n<p>It\u2019s important to note that those that stake in the sYSL\nvault &amp; YSL-BUSD vault will also benefit from these four aspects:<\/p>\n\n\n\n<ol><li>Optimisation &#8211; An equivalent of 8% collected\nfrom the APR (%) of the token being optimised &#8211; Contributed to the MONTHLY\nBUY-BACK.<\/li><li>sYSL exit fee -An equivalent of 8% collected\nwhen sYSL is sold &#8211; &#8211; Contributed to the MONTHLY BUY-BACK.<\/li><li>sYSL entrance fee &#8211; An equivalent of 8%\ncollected when sYSL is purchased &#8211;&nbsp;\nContributed to the MONTHLY BUY-BACK.<\/li><li>Inflation block reward &#8211; 80% allocation (50% to\nthe YSL-BUSD vault &amp; 30% to the sYSL vault), distributed on each block. <\/li><\/ol>\n\n\n\n<p>So all sYSL holders that stake their tokens in the sYSL\nvault will benefit from the automated monthly buy-back, as well as YSL-BUSD\nliquidity providers that stake their LP token in the YSL-BUSD vault.<\/p>\n\n\n\n<p>These are the benefits of holding the sYSL token in the long\nterm: <\/p>\n\n\n\n<p>1&#xfe0f;&#x20e3;\nBlock Rewards!<\/p>\n\n\n\n<p>As mentioned before, those that stake in the sYSL vault and\/or\nYSL-BUSD vault will earn a share of the AUTOMATED MONTHLY BUY-BACK and\nINFLATION REWARDS that are distributed on each new block! &#x1f929;<\/p>\n\n\n\n<p>2&#xfe0f;&#x20e3;\nsYSL is tied to YSL-BUSD locked liquidity!<\/p>\n\n\n\n<p>As the TVL of the platform increases with more users, the\nmore YSL-BUSD locked liquidity is created, the greater the price of the sYSL token!\n&#x1f680; Not only that, the increase in locked liquidity will also\ncreate a progressive price floor for the token and mitigate its exposure to\nprice volatility!<\/p>\n\n\n\n<p>YSL.IO TVL = YSL-BUSD\nlocked liquidity = sYSL token price &#x23eb;<\/p>\n\n\n\n<p>3&#xfe0f;&#x20e3;\nCross-Chain Airdrops!<\/p>\n\n\n\n<p>Each time we launch onto a new chain we will airdrop 15% of\nthe new token supply to those staking in the sYSL vault.<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>strategy 2 however\nwill require the user to have a certain amount of aYSL tokens. Here&#8217;s a great\narticle by BSC times that explains everything you need to know &#x1f449;<a href=\"https:\/\/bsctimes.com\/ysl-io-optimising-amplifying-your-farming-returns\/\">https:\/\/bsctimes.com\/ysl-io-optimising-amplifying-your-farming-returns\/<\/a>\n<\/p>\n\n\n\n<p><strong>Q3 from Telegram user\n@victorogb<\/strong><\/p>\n\n\n\n<p><em>YSL through it\ninnovative and novel optimization and amplification features offers a user\nbreathtaking returns on third party tokens up to 300%. With emphasis on YSL\u2019s\namplification feature, where a user\u2019s optimised returns can be amplified via\ntwo strategies; 1% APR optimization for Strategy 1 and an additional 100% APR\noptimization for Strategy 2, can you explain how the protocol effectively carries\nout these operations, and why is there a huge disparity with optimised APR\nreturns with both strategies, why is the amplification token (sYSL) only issued\nto users who utilise strategy 2, and can a user simultaneously utilise both\nstrategies?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>I&#8217;ll keep my\nanswer brief this time &#x1f605;. Strategy 2 consists\nof different tiers which will see a user\u2019s farming APR boosted by a minimum of\n2% to a maximum of 100%. Activating strategy 2 however will require the user to\nhave a certain amount of aYSL tokens. Here&#8217;s a great article by BSC times that\nexplains everything you need to know &#x1f449;<a href=\"https:\/\/bsctimes.com\/ysl-io-optimising-amplifying-your-farming-returns\/\">https:\/\/bsctimes.com\/ysl-io-optimising-amplifying-your-farming-returns\/<\/a>.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Which\nwill be minimum amount of aYSL to apply for strategy 2?<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>The amplification\nAPR (%) for Strategy 2 starts at 2% APR. <\/p>\n\n\n\n<p>To attain the +2% APR a user must hold aYSL tokens\nequivalent to 8% of their TVL held on YSL.IO (excluding the sYSL and YSL-BUSD\nvaults).&nbsp; So for if your TVL is $100,\nyou&#8217;d need to hold aYSL tokens equivalent to $8 for the +2% APR If a user\nprovides a lower amount, the protocol will activate Strategy 1 by default.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>Will\nusers be able to get aYSL tokens only with WBNB or BUSD in liquidity pool or\nyou can add more currencies?<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:<\/strong> We have a guided\ntutorial on how to obtain aYSL tokens for Strategy 2 here <a href=\"https:\/\/docs.ysl.io\/ysl-io\/more-information\/tutorials\/how-to-amplify\/strategy-2-amplification\">https:\/\/docs.ysl.io\/ysl-io\/more-information\/tutorials\/how-to-amplify\/strategy-2-amplification<\/a><\/p>\n\n\n\n<p><strong>Q4 from Telegram user\n@Asela1112<\/strong><\/p>\n\n\n\n<p><em>I read about a big\npartnership with Peanut trade platform on your medium article, gives an airdrop\nto $NUX holders and autonomously creates YSL-BUSD locked liquidity. Only 9 days\nleft to YSL.IO vaults to go live. So what are the limitations &amp; eligible\nConditions to participate NUX community airdrop on 30th of June? How will NUX\ncommunity earn sYSL optimisation block rewards? As well as I\u2019m curious to know,\nwhy did you give this airdrop to $NUX community besides your own YSL.IO\ncommunity? How do you deploy innovative methods &amp; strategies to be well\nestablished platform with peanut trade platform? How do YSL.IO community feel\nabout this great Partnerships? Will there be more partnerships in future within\nYSL.IO platform?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>That&#8217;s right! we\nformed our first-ever strategic partnership with peanut.trade, whereby NUX-BNB\nliquidity providers will be able to benefit from our protocols novel\noptimisation function that autonomously creates YSL-BUSD locked liquidity, and\nwe decided to show our appreciation by airdropping sYSL tokens to the NUX\ncommunity. <\/p>\n\n\n\n<p>To be included in the airdrop, NUX token holders are\nrequired to hold a minimum balance of 100 NUX at the time of the snapshot. The\nsnapshot will be conducted on June 25th 12pm (UTC).<\/p>\n\n\n\n<p>I\u2019m not sure if you had a chance to read our latest medium\narticle &#x1f449;<a href=\"https:\/\/medium.com\/ysl-io\/ysl-io-x-apeswap-buidl-partnership-the-big-guide-9ebb93503b47\">https:\/\/medium.com\/ysl-io\/ysl-io-x-apeswap-buidl-partnership-the-big-guide-9ebb93503b47<\/a>\n<\/p>\n\n\n\n<p>We were lucky enough to have been accepted into the ApeSwap\nBUIDL program!&nbsp; This is huge for YSL.IO\nin terms of increasing the awareness of our project, as they have a growing\nuser base of over 400,000! Not only that, it will enable us to connect and form\nmeaningful partnerships with other projects within the ApeSwap ecosystem!&nbsp; You can also see the announcement the most\nrecent #BUIDL newsletter &#x1f449;<a href=\"https:\/\/ape-swap.medium.com\/buidl-newsletter-003-56f12fc0237c\">https:\/\/ape-swap.medium.com\/buidl-newsletter-003-56f12fc0237c<\/a>.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong><a href=\"http:\/\/peanut.trade\">http:\/\/peanut.trade<\/a> &nbsp;our old friends I love this project.<\/p>\n\n\n\n<p><strong>Q5 from Telegram user\n@Ashia_24<\/strong><\/p>\n\n\n\n<p><em>The YSL.IO smart\ncontracts will be deployed onto the Binance Smart Chain (BSC), As we all know,\nthe majority of BSC projects are rug pulled, but why did you decide to develop\non the BSC platform? What distinguishes you from other BSC projects? Have you\nconsidered expanding or developing your system on other networks such as\nEthereum, Polkadot etc.?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>A lot of projects\nnowadays promise magic with just a whitepaper, but we believe in putting the\nhorse in front of the cart and not the other way around &#x1f602;,<\/p>\n\n\n\n<p>YSL.IO will be a full product launch! Our platform will be a\nfully operational with live vaults and will launch regardless of what is raised\nduring our private &amp; public sale, that&#8217;s one aspect that distinguishes us\nfrom other BSC projects The principal factor BSC was chosen as a prime location\nfor the YSL.IO smart contracts, is the lower relative cost associated with gas\nfees. As a result, the protocol will have the capability to make more\ninteractions and perform far more elaborate techniques than would have been possible\non the Ethereum chain.&nbsp; Having said that,\nwe do anticipate a cross-integration with Ethereum in the near future once the\ncurrent network congestion issues have been addressed. Until then, we have\nscheduled for a cross-integration with Polygon in Q4 2021!<\/p>\n\n\n\n<p>You can find more details of what we&#8217;re planning in our\nroadmap &#x1f449;<a href=\"https:\/\/docs.ysl.io\/ysl-io\/protocol-governance-1\/roadmap\">https:\/\/docs.ysl.io\/ysl-io\/protocol-governance-1\/roadmap<\/a>.<\/p>\n\n\n\n<p><strong>Mary | Satoshi Club: <\/strong>What\nabout security audits? Did you already pass one?<\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>Great question,\nit&#8217;s important to remain vigilant given the recent hacks and exploits within\nthe BSC ecosystem.&nbsp; Our protocols core\nsystem architecture and smart contract logic will undergo MULTIPLE EXTERNAL\nAUDITS before launching.&nbsp; We plan to\nengage with well-known and reputable parties such as Certik and Zokyo.<\/p>\n\n\n\n<p><strong>Q6 from Telegram user\n@yellowchamp<\/strong><\/p>\n\n\n\n<p><em>In your roadmap, you\naim to launch a YSL.IO Governance Integration, this coming 3rd quarter of 2021\nin which you will have a preliminary version at early 3rd quarter and you will\nhave a comprehensive version at later part. So, could you give us an advance\nidea about this Governance Integration that you are going to launch? Why you\nare dividing this into two versions? What can we expect with this community\ngovernance Integration with YSL? What will be the function and part of the\ncommunity and holders in terms of decision-making and proposals in your\nplatform? Do you plan to incentivise YSL holders and community if being\nactively participated with this community-governance integration? Thank you.<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO: <\/strong>The primary reason\nwe have decided to do this is because the decentralized autonomous organization\n(DAO) model fundamentally requires an active community, the first phase of the\ncommunity-governance function requires the establishment of a ground community,\nand this community will take time to establish.<\/p>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n<p>The chat was open for 120 seconds; a\nlot of questions were posted by Satoshi Club community. Our guest chose some of\nthem.<\/p>\n\n\n\n<p><strong>Q1 from Telegram user @ktzieceee<\/strong><\/p>\n\n\n\n<p><em>I noticed that you held and will be holding multiple AMAs. What\nspecifically are you promoting and how can the community and the AMA&#8217;s could\nhelp the YSL.IO projects?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:\n<\/strong>CAKE APY YIELDS (15\/06\/2021)<\/p>\n\n\n\n<ul><li>YSL.IO: 226.66%<\/li><li>Merlin: 200.63%<\/li><li>Beefy Finance: 111.42%<\/li><li>Autofarm Network: 110.14%<\/li><\/ul>\n\n\n\n<p>These are the sort of yields you\ncan expect once we launch<\/p>\n\n\n\n<p><strong>Q2 from Telegram user @obulin<\/strong><\/p>\n\n\n\n<p><em>In the first segment of the AMA, you said &#8216;to be included in the airdrop, NUX token holders are required to hold a minimum balance of 100 NUX at the time of the snapshot.&#8217; <\/em> <em>Where can I buy NUX token to participate in the sYSL token airdrop?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:\n<\/strong>You can purchase NUX form here:<\/p>\n\n\n\n<p>Pancake: NUX\/BNB<\/p>\n\n\n\n<p>(<a href=\"https:\/\/exchange.pancakeswap.finance\/#\/swap?outputCurrency=0x6d8734002fbffe1c86495e32c95f732fc77f6f2a\">https:\/\/exchange.pancakeswap.finance\/#\/swap?outputCurrency=0x6d8734002fbffe1c86495e32c95f732fc77f6f2a<\/a>)\nUniswap: NUX\/ETH.&nbsp; (<a href=\"https:\/\/v2.info.uniswap.org\/pair\/0x83054b25b21d1f3a2b96e8e3803dbd4921358d52\">https:\/\/v2.info.uniswap.org\/pair\/0x83054b25b21d1f3a2b96e8e3803dbd4921358d52<\/a>)\nGate: NUX\/USDT. &nbsp;(<a href=\"https:\/\/www.gate.io\/trade\/NUX_USDT\">https:\/\/www.gate.io\/trade\/NUX_USDT<\/a>)\nGate: NUX\/ETH<\/p>\n\n\n\n<p>&nbsp;(<a href=\"https:\/\/www.gate.io\/trade\/NUX_ETH\">https:\/\/www.gate.io\/trade\/NUX_ETH<\/a>)\nHoo: NUX\/USDT (<a href=\"https:\/\/hoo.com\/spot\/nux-usdt)MXC\">https:\/\/hoo.com\/spot\/nux-usdt)MXC<\/a>\n: NUX\/USDT <strong>(<a href=\"https:\/\/www.mxc.com\/trade\/easy#NUX_USDT\">https:\/\/www.mxc.com\/trade\/easy#NUX_USDT<\/a>)\n<\/strong><\/p>\n\n\n\n<p><strong>Q3 from Telegram user @ronaldo_super<\/strong><\/p>\n\n\n\n<p><em>What is special about YSL.IO Vaults? Why we should wait for it?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:<\/strong>\nHighest APYs whilst locking away YSL-BUSD liquidity:<\/p>\n\n\n\n<p>Our protocol has been designed to\nmaximise the returns of third-party tokens through the creation of locked\nliquidity, optimising the APR (%) of positions held by users on AMMs (such as\nApeSwap and PancakeSwap) by 300%!<\/p>\n\n\n\n<p>For example &#8211; It will increase\nthe APR of a user\u2019s CAKE-BNB position on PancakeSwap from 58.29% to 173.67%!<\/p>\n\n\n\n<p><strong>Q4 from Telegram user @Rakshitx5<\/strong><\/p>\n\n\n\n<p><em>Is it not it will be the wrong decision to launch the project in this\nbear market? Every coin going down whether good or bad. How do you see this?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:<\/strong>\nI strongly believe that the key to real success as a token is to have the\nfundamentals down in terms of long-term stability and value for native token\nholders &#8211; something I\u2019d say isn\u2019t present in many of today\u2019s tokens. <\/p>\n\n\n\n<p>We have achieved this by\ndesigning a truly unique Tokenomics model that revolves around our protocols\nnovel capability of autonomously creating YSL-BUSD locked liquidity. The\nbenefit of this novel design is that even during a bear market, our optimisation\nfunction will be even more attractive due to its ability to provide high\nyields. <\/p>\n\n\n\n<p>As during a bear market, farmers\nwould likely switch their positions to stable coins which typically have low\nAPR (%), and platforms that are able to offer greater returns on stable coin\npositions will increase in demand. For example; the BUSD-USDT farm on ApeSwap\nFinance currently yields an APR of 14.66%.&nbsp;\nTraditional optimisation (harvesting + compounding daily) would only\nresult in an APY of 15.79%.&nbsp; Whereas\nYSL.IO optimisation is capable of obtaining an APY of 42.78% &#x1f680;<\/p>\n\n\n\n<p>This will not only guarantee our\nsurvival during a bear market, but will increase our market share + TVL. And as the TVL of the platform increases with more users, the\nmore YSL-BUSD locked liquidity is created, the greater the price of the sYSL\ntoken! &#x1f680;<\/p>\n\n\n\n<p>&#x23eb;\nYSL.IO TVL = YSL-BUSD liquidity =&nbsp; &#x23eb; sYSL token\nprice<\/p>\n\n\n\n<p><strong>Q5 from Telegram user @Xusuo<\/strong><\/p>\n\n\n\n<p><em>You will give airdrop sYSL token to your community, but if you don\u2019t\nmind please share all the function that sYSL token have in your ecosystem. Can\nyou mention all the benefit by having sYSL token?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:\n<\/strong>Governance &#8211;&nbsp; sYSL tokens will\noperate as the governance token for the YSL.IO platform, token holders will be\nable to vote on various proposals once the community-governance function is\nintegrated. Staking &#8211; sYSL token holders will be able to stake their tokens in\nour sYSL vault.<\/p>\n\n\n\n<p><strong>Q6 from Telegram user @Asela1112<\/strong><\/p>\n\n\n\n<p><em>YSL.IO =(Yield+Staking+Liquidity) =<\/em><em>&#x1f680; provide optimistic &amp; profitable mechanisms,\nwithout mitigating the price volatility for their community through the locked\nliquidity protocol. So it seems to be long term project consist with more\nincentives. How do you optimise &amp; amplify yield farming for the investors?\nCan you tell us more details about sYSL vault &amp; YSL- BUSD vault, needed for\nthe staking? How long will the liquidity pool be locked? Is there AMM in your\npool system to avoid mitigating $YSL price? So basically please explain how\nwill these three scenarios implemented with an interconnection?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:\n<\/strong>Liquidity which is created by the protocol will be locked away for 1000\nyears &#x1f9be; furthermore we have partnered\nwith ApeSwap to help with any potential migration of these locked tokens. So\nour sYSL price will remain SAFU.<\/p>\n\n\n\n<p><strong>Q7 from Telegram user @BJosefina61<\/strong><\/p>\n\n\n\n<p><em>How much fee do vaults take from users? and how many vaults do you plan\nto open for users in the short term?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:\n<\/strong>&#x274c; ZERO SWAP FEES<\/p>\n\n\n\n<p>&#x274c; ZERO DEPOSIT FEES <\/p>\n\n\n\n<p>&#x274c; ZERO WITHDRAWAL FEES<\/p>\n\n\n\n<p>&#x274c; ZERO PERFORMANCE FEES&nbsp; <\/p>\n\n\n\n<p>\u200cApeSwap and PancakeSwap farms\nwill be offer at launch.<\/p>\n\n\n\n<p><strong>Q8 from Telegram user @Sumione<\/strong><\/p>\n\n\n\n<p><em>Your platform has a zero fees for now. is it possible that Will you add\nsome fees in the future or not?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:\n<\/strong>Zero fees for the user will remain until the community governing the\nprotocol vote against it or for it.<\/p>\n\n\n\n<p><strong>Q9 from Telegram user @mobilejii<\/strong><\/p>\n\n\n\n<p><em>I cannot find any initial circulation supply tokenomics of YSL and sYSL\nwhich is really confusing. who know this?<\/em><\/p>\n\n\n\n<p><strong>Hardev<\/strong><strong>&#x26a1;&#xfe0f;YSL.IO:\n<\/strong>The initial token supply for both tokens will be determined upon the\nconclusion of the price discovery phase. <\/p>\n\n\n\n<p>The initial supply for the sYSL\ntoken will be dependent upon the amount of bonus value created from the bonus\nmultiplier, the sum total of the referral bonus and the sum total of BUSD\ncollected. <\/p>\n\n\n\n<p>Given that, the protocol mints\nYSL tokens equivalent to 50% of the BUSD collected (sent as liquidity to\nestablish the YSL-BUSD pool on ApeSwap Finance), the initial supply of the YSL\ntoken will be dependent upon the sum total of BUSD collected at the end of the\nprice discovery phase.<\/p>\n\n\n\n<p>Furthermore, the YSL.IO contract\nhas no set maximum supply for the YSL token. This stems from the protocol&#8217;s\ncore objective of maximizing the benefits attributable to locked liquidity.\nWith this in mind, the protocol has been uniquely designed to ensure there is a\nperpetual growth of YSL-BUSD locked liquidity. Given that the formation of\nlocked liquidity fundamentally requires the protocol to mint YSL tokens; it\nwould be counterintuitive to have a capped supply for the token, as this would\neffectively place a limit on the amount of locked liquidity that can ever be\ncreated. Similarly, there will be no set maximum supply for the sYSL token, as\nhaving a limit on the supply will restrict the creation of locked liquidity.\nThis is because, whenever a user decides to purchase an amount of sYSL tokens,\nlocked liquidity will be created equivalent to 200% of the purchase value. This\nessentially will have a domino effect on the amount of sYSL tokens that will be\nminted, as the increase in locked liquidity will lead to the sYSL token\nappreciating. Having said that, it&#8217;s worth noting that the circulating supply\nafter the price discovery phase will also be influenced by several other\nfactors. These factors include the utilization of the amplification function,\nplatform referral activity and overall demand for the protocol.<\/p>\n\n\n\n<p><strong>Q10 from unknown Telegram user <\/strong><\/p>\n\n\n\n<p><em>\u2026<\/em><\/p>\n\n\n\n<p> <strong>Hardev&#x26a1;&#xfe0f;YSL.IO: <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"913\" height=\"621\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/photo_2021-06-27_23-56-53.jpg\" alt=\"\" class=\"wp-image-10420\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_23-56-53.jpg 913w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_23-56-53-300x204.jpg 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/photo_2021-06-27_23-56-53-768x522.jpg 768w\" sizes=\"(max-width: 913px) 100vw, 913px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator\" \/>\n\n\n\n<p><strong>PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n<p>As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about YSL.io. A link to a\nQuiz form was sent into the chat. Participants had 10 minutes to answer. 300$\nwere distributed between the winners. <\/p>\n\n\n\n<p><strong>For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n<ul><li>English Telegram group: <a href=\"https:\/\/t.me\/Satoshi_club\">https:\/\/t.me\/Satoshi_club<\/a> <\/li><li>Russian Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\">https:\/\/t.me\/satoshi_club_ru<\/a> <\/li><li>Spanish Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\">https:\/\/t.me\/satoshi_club_spanish<\/a> <\/li><li>Telegram Channel: <a href=\"https:\/\/t.me\/satoshi_club_channel\">https:\/\/t.me\/satoshi_club_channel<\/a> <\/li><li>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/li><li>Twitter: <a href=\"https:\/\/twitter.com\/esatoshiclub\">https:\/\/twitter.com\/esatoshiclub<\/a>\u00a0 <\/li><\/ul>\n\n\n\n<p><strong>Our Partners: <\/strong><\/p>\n\n\n\n<ul><li>Telegram &#x1f30d; <a href=\"https:\/\/t.me\/ysl_io\">https:\/\/t.me\/ysl_io<\/a> <\/li><li>&#x1f1fb;&#x1f1f3; <a href=\"https:\/\/t.me\/ysl_vn\">https:\/\/t.me\/ysl_vn<\/a> <\/li><li>&#x1f4ca; <a href=\"https:\/\/t.me\/ysl_price\">https:\/\/t.me\/ysl_price<\/a> <\/li><li>&#x1f4e2; <a href=\"https:\/\/t.me\/yslen_ann\">https:\/\/t.me\/yslen_ann<\/a> <\/li><li>&#x1f4e2; <a href=\"https:\/\/t.me\/yslvn_ann\">https:\/\/t.me\/yslvn_ann<\/a> <\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends fromYSL.IO, a cutting-edge DeFi tool designed to OPTIMISE &amp; AMPLIFY returns from yield farming platforms through sophisticated techniques. The AMA took place on June 21 and our guests was Hardev Dhillon, the Co-Founder [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":10412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/10410"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=10410"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/10410\/revisions"}],"predecessor-version":[{"id":10421,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/10410\/revisions\/10421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/10412"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=10410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=10410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=10410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}