Jul 1, 2021
YSL.IO x Im Community AMA Recap
🐋 TELEGRAM AMA: Im Community & YSL.IO 🐋
⏰ AMA Timing : 28 June 2021 l 02:00 PM UTC l 21:00 GMT+7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 200 USDT
Bà Tân | : Start AMA with YSL.IO now.
Bà Tân | : Welcome @hardev_ysl from YSL.IO
Bà Tân | : Welcome everyone. Today Im Community will host AMA with YSL.IO
Bà Tân | : Today our guest is: @hardev_ysl from YSL.IO
Hardev⚡️YSL.IO : Hello! Great to be here, thanks for having me! 🙏
Hardev⚡️YSL.IO : Looking forward to answering everyone’s questions on YSL.IO! 🦾
Bà Tân | : Please introduce yourself a bit: @hardev_ysl
Hardev⚡️YSL.IO : Greetings Everyone 👋🏻
Its great to e-meet you all today, and thanks for tuning into this AMA!
I am Hardev Dhillon, the Co-Founder of YSL.IO
Bà Tân | : Thanks for the introduction.
Bà Tân | : Today’s AMA will have 3 sessions
Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team YSL.IO
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1409063796186882052).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Rules to follow AMA : ⤵️
▫️ Join : Telegram group YSL.IO (https://t.me/ysl_io) , YSL.IO (Announcements) (https://t.me/yslen_ann) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)
▫️Follow: Twitter YSL.IO (https://twitter.com/ysl_io) and IM Community (https://twitter.com/IM_Communityitw)
Web & Community:
🌐https://ysl.io/
Bà Tân | : Those who haven’t joined @yieldparrot group will not be eligible for AMA rewards, make sure you did.
Hardev⚡️YSL.IO : Don’t forget to join our Vietnam Telegram 👉 https://t.me/ysl_vn
Bà Tân | : Start session 1 AMA @hardev_ysl
Bà Tân | : Question1. Could you please give us a simple introduction of YSL.IO ? What’s the motivation for starting build YSL.IO ?
Hardev⚡️YSL.IO : I’d be happy to!
So our project name is derived from the key features of our unique protocol; high YIELDS, rewards for STAKING and locked LIQUIDITY.
YSL.IO 💎 = [ ⭐️ Yield + 💗 Staking + 🌊 Liquidity ] = 🚀
And our goal is to make YSL.IO the best place for DeFi users to maximise returns on their crypto assets!
We accomplish this through our completely novel approach to yield farming, that centres around our protocols ability to autonomously create locked liquidity whenever a user interacts with our platform.
Platform user’s will be able to benefit from this continual creation of locked liquidity when they use our unique optimisation function.
Unlike traditional optimisers that harvest and compound interest daily, ours has been designed to maximise returns through the creation of YSL-BUSD locked liquidity and will optimise the APR (%) of positions held by users on AMMs (such as ApeSwap or PancakeSwap) by 300%!
For example — It will maximise the APR of CAKE-BNB position on PancakeSwap from 58.29% to 173.67%! 🚀
Here are some of our key features:
✅ Zero Platform Fees — YSL.IO does not charge a Deposit fee, Withdrawal fee or a Performance fee
✅ Novel Tokenomics — The governance token of YSL.IO (sYSL) is correlated to YSL-BUSD Locked Liquidity
✅ Continual Growth in Locked Liquidity — Our protocol autonomously creates YSL-BUSD Locked Liquidity
✅ Automated Buy-Backs — sYSL token holders and YSL-BUSD liquidity providers can stake their tokens to earn a share of the monthly buy-back.
✅ Maximised APR (%) — Our protocol will OPTIMISE positions (held on AMMs) by 300%
Bà Tân | : @hardev_ysl Please say “Done” when you have finished the question, thank you.
Hardev⚡️YSL.IO : Done ☑️
Bà Tân | : Question2. What makes YSL.IO special? How is YSL.IO better than other project? @hardev_ysl
Hardev⚡️YSL.IO : ✅ AUTO-LOCK LIQUIDITY
Our novel token economy and approach to yield farming is what makes us truly stand out among other comparable BSC projects.
It has been designed with purpose to ensure long term value for our native token holders!
Unlike other projects, the price of our native token is tied to locked liquidity and our protocol has the unique capability of creating liquidity AUTONOMOUSLY whenever a user interacts with the platform, ensuring there is a CONTINUAL creation of liquidity!
This novel approach will ensure 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!
✅ MAXIMISED APR (%)
We have a completely unique approach to yield optimisation, that is fuelled by the creation of YSL-BUSD locked liquidity.
Our protocol has been designed to maximise the returns of third-party tokens through the creation of locked liquidity, optimising the APR (%) of positions held by users on a AMMs (such as ApeSwap and PancakeSwap) by 300%!
For example;
●The BUSD-USDT farm on ApeSwap Finance currently yields an APR of 14.66%
●Traditional optimisation (harvesting + compounding daily) only results in an APY of 15.79%
●YSL.IO optimisation will obtain an APY of 42.78% 🚀
✅ 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!
Done ☑️
Bà Tân | : Question3. Does YSL.IO has its own token? then can you explain about the tokenomics and use-cases of this token? @hardev_ysl
Hardev⚡️YSL.IO : Our token economy is made up of three components:
⚡️ YSL token — Utility
💎 sYSL token — Governance
🌊 YSL-BUSD liquidity pool — Held on ApeSwap Finance
✅ sYSL use case:
1️⃣ Governance — sYSL tokens will operate as the governance token for the YSL.IO platform, token holders will be able to vote on various proposals once the community-governance function is integrated.
2️⃣ Staking — sYSL token holders will be able to stake their tokens in our sYSL vault.
✅ YSL use case:
1️⃣ YSL-BUSD locked liquidity — The YSL token is used to create YSL-BUSD locked liquidity, this is done autonomously by the protocol
2️⃣ Staking — Liquidity providers of the YSL-BUSD pool (on ApeSwap Finance) will be able to stake their LP tokens into our YSL-BUSD vault
Done ☑️
Bà Tân | : Question4. About YSL.IO security, how safe and reliable is the YSL.IO security system? @hardev_ysl
Hardev⚡️YSL.IO : Here’s are some examples of features that our team has incorporated into the protocol to ensure MAXIMUM SECURITY:
1️⃣ Price Feeds by Chainlink: the protocol can better resist flash loan attacks, network congestion, and centralised infrastructure disruption.
2️⃣ Smart Contract Timelocks: these will be integrated across all of 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.
3️⃣ 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.
4️⃣ 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 the our contract, mitigating the risk of any flash loan attack within our protocol.
More importantly, we will be engaging with well-known and reputable parties such as Certik and Zokyo to conduct an audit on our smart contracts:
✅ MULTIPLE EXTERNAL AUDITS — Before we launch, our protocols architecture and logic will be audited by external parties, so you can have piece of mind that your funds are SAFU!
✅ ONGOING AUDITS — We intend to conduct ongoing audits on a regular basis, to ensure the long-term maintenance of our protocols security.
Done ☑️
Bà Tân | : Q5. What are the major milestones YSL.IO achieved so far & what are in future pipeline ? @hardev_ysl
Hardev⚡️YSL.IO : Our partnership with ApeSwap Finance has been one of our major milestones in our development.
With this we have been able to leverage a special vesting factory (locked liquidity smart contract) offered by ApeSwap Finance for our price discovery phase and for all future creation of locked liquidity.
And more recently, we were lucky enough to have been accepted into the highly coveted ApeSwap BUIDL program!
This is huge for YSL.IO in terms of increasing the awareness of our project, as they have a growing user base of over 400,000!
Not only that, it will enable us to collaborate and form meaningful partnership’s with other projects within the ApeSwap ecosystem to increase our reach!
The announcement can be found in the most recent #BUIDL newsletter released by ApeSwap 👉 https://bit.ly/3xFnf6S
And in our most recent medium article👉 https://bit.ly/3vGWiyh
Here’s what we have in store for 2021:
❇️ YSL.IO platform launch
❇️70+ AMAs (Telegram +WeChat)
❇️ Initiate audit of smart contracts
❇️ 30-day price / supply discovery phase
❇️ Establishment of the YSL/BUSD liquidity pool
❇️ YSL token listing (CoinMarketCap, CoinGecko)
❇️ Cross-chain integration(s) with Polygon and Ethereum
❇️ A preliminary version of the community-governance function
❇️ Gitbook language translation (Simplified Chinese, Vietnamese)
❇️ Frontend language translation (Simplified Chinese, Vietnamese)
❇️ Cross-chain swaps through Ethereum via Uniswap cross-chain bridge integration
Done ☑️
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2
Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1409063796186882052).
Bà Tân | : Question1. @iseker1905 (https://twitter.com/iseker1905)
Can you explain what your Tokenomic Distribution is like? How many coins will be minted? And how many coins will be locked by the team? and what is the difference between sYSL token and YSL token and what are the main functions?
Hardev⚡️YSL.IO : 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).
Once the initial price and supply has been determined, the protocol will be able to mint the airdrop allocation (40% of the initial sYSL token supply), this means the sum total supply of sYSL tokens = 140%.
The sYSL token supply (100%) distribution will be as follows:
71.43 % (100% out of 140%): Price Discovery Participants, including those that receive a referral bonus. (Variable lock period)
7.14 % (10% out of 140%) : REM Guardian Airdrop (1,500 day lock)
7.14 % (10% out of 140%) : Founders (1,500 day lock)
7.14 % (10% out of 140%) : Development (1,500 day lock)
3.57 % (5% out of 140%) : NUX Holder Airdrop (1,500 day lock)
3.57 % (5% out of 140%) :Treasury Airdrop (Indefinite lock)
Done ☑️
Bà Tân | : Question2.@nobita404 (https://twitter.com/nobita404)
Launching projects in a bull run is obviously much profitable than during the bear cycle. In a bear run where most of the projects fail and sometimes gone into oblivion, how will YSL stand the test of times? What strategies do the project employ to mitigate possible losses?
Hardev⚡️YSL.IO : We designed YSL.IO to be sustainable long term by ensuring that our token economy would be resilient, even in a bear market.
We have achieved this by designing a truly unique Tokenomics model that revolves around our protocols novel capability of autonomously creating YSL-BUSD locked liquidity.
The benefit of this novel design is that during a bear market, our optimisation function will be even more attractive due to its ability to provide high yields on low APR (%) stable coin farms.
As during a bear market, farmers would likely switch their positions to stable coins which typically have low APR (%), and platforms that are able to offer greater returns on stable coin positions will increase in demand.
For example; the BUSD-USDT farm on ApeSwap Finance currently yields an APR of 14.66%.
Traditional optimisation (harvesting + compounding daily) would only result in an APY of 15.79%.
Whereas YSL.IO optimisation will obtain an APY of 42.78% 🚀
This will not only guarantee our survival during a bear market, but will increase our market share + TVL 🤩
And 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! 🚀
⏫ YSL.IO TVL = ⏫ YSL-BUSD liquidity = ⏫ sYSL token price 🚀
Done ☑️
Bà Tân | : Question3. @SLiomie (https://twitter.com/SLiomie)
What is the uniqueness of YSL that cannot be found in other projects that’s been released so far? And how the demand of YSL will increase in the future? or what steps would you take to increase the demand?
Hardev⚡️YSL.IO : ✅ AUTO-LOCK LIQUIDITY
Our novel token economy and approach to yield farming is what makes us truly stand out among other comparable BSC projects.
Unlike other projects, the price of our native token is tied to locked liquidity and our protocol has the unique capability of creating liquidity AUTONOMOUSLY whenever a user interacts with the platform, ensuring there is a CONTINUAL creation of liquidity!
This novel approach will ensure 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!
✅ MAXIMISED APR (%)
We have a completely unique approach to yield optimisation, that is fuelled by the creation of YSL-BUSD locked liquidity.
For example;
●The BUSD-USDT farm on ApeSwap Finance currently yields an APR of 14.66%
●Traditional optimisation (harvesting + compounding daily) only results in an APY of 15.79%
●YSL.IO optimisation will obtain an APY of 42.78% 🚀
✅ 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
Done ☑️
Bà Tân | : Question4. @ysasoma (https://twitter.com/ysasoma)
I have seen that http:// (https://t.co/7lk4KkpYg1?amp=1)YSL.IO (https://t.co/7lk4KkpYg1?amp=1) has two vaults, the YSL-BUSD vault and the sYSL vault, could you please tell us, what benefits would users have in each of these vaults and what transfers can be made in them?
Hardev⚡️YSL.IO : Any user that stakes tokens in either the sYSL and/or YSL-BUSD vault will be entitled to a share of the automated monthly buy-back and the inflation rewards that are distributed on each block!
1️⃣ All holders of our native governance token (sYSL) will be able to stake their tokens in our sYSL vault.
2️⃣ Any liquidity providers of the YSL-BUSD pool on ApeSwap Finance will have the option of staking their LP tokens in our YSL-BUSD vault.
Done ☑️
Bà Tân | : Question5.@Itachicvc (https://twitter.com/Itachicvc)
How do you make users believe that YSL is a high-quality, long-term project? Please share 3 main points to convince me and other angel investors to invest in it long term?
Hardev⚡️YSL.IO : ✅ FULL PRODUCT LAUNCH — The YSL.IO platform will launch with live vaults, regardless of the amount received during the private and public sales.
✅ SMART CONTRACT AUDITS — Our protocol architecture and logic will undergo multiple external audits, you can have peace of mind knowing that your funds are SAFU!
✅ LOCKED LIQUIDTY (Locked for 1000 YEARS) — The WBNB/BUSD received from the sales will be used create YSL-BUSD locked liquidity on ApeSwap Finance, No Rug Pull!
✅ TEAM — Our team is not anonymous and our blockchain developers have extensive knowledge of DeFi protocols, you can rest assured the protocols will be safe and reliable.
Done ☑️
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
🍀Jőhn L🍀 : go go
Bà Tân | : Rules to follow AMA : ⤵️
▫️ Join : Telegram group YSL.IO (https://t.me/ysl_io) , YSL.IO (Announcements) (https://t.me/yslen_ann) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)
▫️Follow: Twitter YSL.IO (https://twitter.com/ysl_io) and IM Community (https://twitter.com/IM_Communityitw)
Web & Community:
🌐https://ysl.io/
Bà Tân | : Those who haven’t joined @yieldparrot @ysl_vn group will not be eligible for AMA rewards, make sure you did.
🍀Jőhn L🍀 : Wonderfull
Bà Tân | : @hardev_ysl Pick the 5 best questions and answer it for session 3.
Hardev⚡️YSL.IO : Wow so many bots, I will only be selecting answers from those that have joined our Vietnam Telegram 👉 https://t.me/ysl_vn
🍀Jőhn L🍀 : some cheater :)))
Q1. Liquidity is the challenge of defi, how does Your Project solve this problem?
Hardev⚡️YSL.IO : 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!
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!
Q2. What kind strategy/ program/ tools that make YSL IO will keep survive during a bear market, and will that models really an unique one concept from YSLIO beside anothers platforms
Hardev⚡️YSL.IO : The benefit of our unique protocol design is that during a bear market, our optimisation function will be even more attractive due to its ability to provide high yields on low APR (%) stable coin farms.
As during a bear market, farmers would likely switch their positions to stable coins which typically have low APR (%), and platforms that are able to offer greater returns on stable coin positions will increase in demand.
For example; the BUSD-USDT farm on ApeSwap Finance currently yields an APR of 14.66%. Traditional optimisation (harvesting + compounding daily) would only result in an APY of 15.79%. Whereas YSL.IO optimisation is capable of obtaining an APY of 42.78% 🚀
This will not only guarantee our survival during a bear market, but will increase our market share + TVL 🤩
And 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! 🚀
Q3. Security & User Interface are the Most Important Aspect that Users see on a platform. How has YSL worked on this? Is Platform suitable for Newbies in the crypto field?
Hardev⚡️YSL.IO : We have dedicated a lot of effort to ensure the design of our interface is not only engaging but is extremely user friendly to even the most novice of DeFi users.
✅ EASY- TO-USE — A user simply needs to deposit LP tokens into any of our active vaults and our protocol will handle all the heavy lifting of maximising your returns by 300%, its that simple! 👍🏼
✅ COST EFFECTIVE — YSL.IO does not impose any Deposit fee, Performance fee or Withdrawal fee.
✅ TUTORIALS — We have created guided tutorials that provide easy-to-follow steps 👉 https://bit.ly/3d0Z2jp
Q4. How do we invest in the project? Do we have locking period or a minimum requirement to be eligible?? Please share with us!!
Hardev⚡️YSL.IO : Our private and public sale is open to all, there’s no whitelist and everyone is welcome to participate!
The private sale begins on July 1st & the public sale begins on July 23rd.
And we have some exciting benefits during the Price Discovery Phase:
✅ REFERRAL BONUS PROGRAM
We are running a 10% Referral bonus program during the 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 💰
✅ BONUS MULTIPLIER
The bonus multiplier will effectively add a bonus on top of any deposits that you make during the sale period!
During the private sale the bonus multiplier is set to 3.00x ! 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 🤯
For all the details, please refer to our Gitbook 👉 https://bit.ly/3xFKFJf
Q5. YSL IO promised a sophisticated techniques at yield farming returns, would you share with us how these mechanism worked, and what was make it unique
Hardev⚡️YSL.IO : Great question. So traditional optimisation involves harvesting and compounding interest daily
However, YSL.IO challenges the status quo by being different.
We have a completely unique approach to yield optimisation, that is fuelled by the creation of YSL-BUSD locked liquidity.
Our protocol has been designed to optimise the APR (%) of positions held by users on AMMs (such as ApeSwap and PancakeSwap) by 300%!
For example: the BUSD-USDT farm on ApeSwap Finance currently yields an APR of 14.66%.
Traditional optimisation (harvesting + compounding daily) would only result in an APY of 15.79%.
Whereas YSL.IO optimisation is capable of obtaining an APY of 42.78% 🚀
More details on our revolutionary Optimisation & Amplification functions can be found in our Gitbook (👉docs.ysl.io)
Hardev⚡️YSL.IO : Thanks to everyone that participated! 🙏
If anyone has any other questions, please don’t hesitate to send us a message on our telegram channels!
Vietnam Telegram👉 https://t.me/ysl_vn
English Telegram 👉 https://t.me/ysl_io
And don’t forget the YSL.IO private + public sale begins July 1st 🚀
Twitter 👉 https://twitter.com/ysl_io
Bà Tân | : Thanks for the useful information from @hardev_ysl
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @yieldparrot for answers.
Hardev⚡️YSL.IO : My Pleasure! Thanks for having me! 🙏
Bà Tân | : Allright, I declare the Im Community AMA with YSL.IO has ended.
Thanks to @hardev_ysl | YSL.IO joined us and provided us with YSL.IO information, we hope that this knowledge makes us understand more about https://ysl.io/
To the members, thank you for following this event to the end. winners will be announced soon.
Bà Tân | : IM Community, if you would like to know more about YSL.IO ! here are some useful links for you:
Official Website: https://ysl.io
Twitter: https://twitter.com/ysl_io
Medium: https://ysl-io.medium.com
Telegram: https://t.me/ysl_io
Bà Tân | : Today’s AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .
Ahrix : Thanks @hardev_ysl for joining the AMA today. Have a good day.
