Host : Please welcome @hardev_ysl 👏👏👏
Hardev Dhillon : Thank you! I’m glad to be here🙏
Host : Very pleased to meet you here mate 😉
Are u ready for this AMA guys???
Hardev Dhillon : Likewisemate , Look forward to sharing insights of YSL.IO with the Cryptoiz Indonesia Community! 🦾
Segment 1
Host :Okay mate before we go to the 1st segment, could you please introduce yourself? 🙏
Hardev Dhillon : Greetings Everyone, Its great to e-meet you all today, I am Hardev Dhillon, the Co-Founder of YSL.IO
A brief background on myself; I’m 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 broad professional experience across banking/accounting (HSBC, Westpac, KPMG, and Deloitte) 👍
Host : Cool!!! 👍😍🤩
YSL.io is A cutting-edge DeFi tool designed to OPTIMISE & AMPLIFY returns from yield farming platforms through sophisticated techniques Rocket. Can you explain more about this interesting project ?
Hardev Dhillon : I’d be happy to!
We have a completely unique tokenomics model and novel approach to yield farming, that centres 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 (YSL.IO); high YIELDS, rewards for STAKING and locked LIQUIDITY.
YSL.IO 💎 = [ ⭐️ Yield + 💗 Staking + 🌊 Liquidity ] = 🚀
Our vision is to be make YSL.IO the best place for DeFi users to maximise returns on their crypto assets!
We’re here to bring diversity to the BSC ecosystem and make DeFi farming both sustainable and rewarding, one block at a time.
Host :
Interesting ✨
Hardev Dhillon :
- And how we can buy sYSL on private sale? Can you explain to us mate?
Hardev Dhillon : Here’s the link to the private sale 👉 https://www.ysl.io/
The private sale is currently live and will run for 23 days, after this the public sale will begin (July 23rd) and run for 7 days.
Our private and public sale (price discovery phase) is open to all, there’s no whitelist and everyone is welcome to participate!
We also 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 🤯
Host : Great!! The explanation is very detail and clear 👍😉
Hardev Dhillon : Anyway who are YSL.io partnering with ?
Our most notable partnership has been with ApeSwap Finance, through which 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 we were also lucky enough to have been accepted into the highly coveted ApeSwap BUIDL program!
This is huge for YSL.IO as 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
Host : Can you explain to us specificly what are the benefits that token sYSL Holders will get ?
Hardev Dhillon: sYSL is tied to YSL-BUSD locked liquidity!
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!🚀
Cross-Chain Airdrops!
Each time we launch onto a new chain we will airdrop 15% of the new token supply to those staking in the sYSL vault
Block Rewards!
Those that stake in the sYSL vault and/or YSL-BUSD vault will earn a share of the AUTOMATED MONTHLY BUY-BACK and INFLATION REWARDS that are distributed on each new block!
Host : Interesting 🔥
I am curious about this project name. is ysl an abbreviation? could you please tell us about this please ?
This is the last question for segment 1 mate 🥳🥳🥳
Hardev Dhillon : Our project name is reflection of our unique protocol and its key features; high YEILDS, rewards for STAKING and locked LIQUIDITY.
YSL.IO 💎 = [ ⭐️ Yields + 💗 Staking + 🌊 Liquidity ] = 🚀
⭐️ High APR (%) – Our protocol will OPTIMISE positions (held on a AMMs) by 300%, and is able to AMPLIFY these returns by a further +100% APR!
🌊 Continual Growth in YSL-BUSD Liquidity – Our protocol will autonomously create YSL-BUSD LOCKED LIQUIDITY whenever a user interacts with YSL.IO
💎 Novel Tokenomics – Our model ensures the price of sYSL (our governance token) increases with our TVL, through the continual creation YSL-BUSD locked liquidity
💗 Block Rewards – sYSL token holders and YSL-BUSD liquidity providers are able to earn to stake their tokens to earn block rewards (buy-back and inflation rewards)
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.
You can learn more here 👉 https://docs.ysl.io/ysl-io/ysl-core-protocol-1/block-rewards
Yields Staking Liquidity be YSL.good mate ! Heheheh
Okay now we move to the segment 2 🥳🥳🥳🥳
Segment 2
The questions come from our twitter community, lets start!! 🥳🥳🥳
@PutriIsyana4 : YSL.io provides appealing staking options for tokens. http://YSL.io have two types of vaults, sYSL Vault & YSL-BUSD Vault. Can you tell us about these vaults and also describe how much percentage buy back to holders?
Hardev Dhillon : 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.
You can learn more here 👉 https://docs.ysl.io/ysl-io/ysl-core-protocol-1/block-rewards
@Lista_April89 : Audits its very important right now for project, do you have finish audit your smartcontract and platform ?
Hardev Dhillon : Our 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 👍
@Crypto_FansS2 : Auto Lock Liquidity, http://YSL.IO is designed to actively create locked YSL-BUSD liquidity while taking full advantage of its benefits. can you discuss in detail how this mechanism works?
Hardev Dhillon : 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.
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!
There are 11 ways in which our protocol does this, which is explained in detail here 👉 https://bit.ly/3zGjhNb
@Emilyy2837 :How is YSL different from traditional optimizers? What are the main limitations or disadvantages of traditional optimisers and how does YSL solve them?
Hardev Dhillon : So traditional optimisation involves harvesting and compounding interest daily, which does not provide great returns on lower APR farms.
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%.
YSL.IO optimisation will obtain an APY of 42.78% 🚀
Last question for this segment mate 🥳
@jihanaurel27 : @cryptoizmedia Many new projects make a good impression at first, but are suddenly abandoned. How can I be sure that YSL.io will be around for the long term?
Hardev Dhillon : We are here to stay and show that yield farming can be sustainable long term.
So from the outset we decided the best way to make this happen was to ensure that our token economy would be resilient, even in a bear market.
The benefit our unique tokenomics 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.
As mentioned before; BUSD-USDT farm on ApeSwap Finance yields an APR of 14.66%. Traditional optimisation (harvesting + compounding daily) only results in an APY of 15.79%. Whereas YSL.IO optimisation obtains an APY of 42.78% 🚀
This will not only guarantee our survival during a bear market, but will increase our market share + TVL 🤩
We have even asked mathematicians (https://gotbit.io/) to STRESS TEST our Tokenomics!
In each scenario the sYSL token PRICE INCREASES, even during a bear market!🚀
This is due to sYSL being tied to LOCKED LIQUIDITY!
You can read more about that here 👉 https://bit.ly/3x9stI6
Segment 3
Host : Perfect 2k++++ questions hahah
Now is your turn mate 😉
Remember mate
Only pick 5 best questions and reply them 😉
They will be winners for this AMA
Wohoooooo 🥳🥳🥳🥳🥳🥳🥳
@Norah720 : What are your next upcoming priorities? What is in your roadmap ?
Hardev Dhillon : 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
@Maxwel33 : Is it true that your project has been audited? Could you please tell us who established audit for Your project and why you chose them as auditor?
Hardev Dhillon : Our 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
@smokeweed75 : Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Hardev Dhillon : Every opportunity comes with risks, and DeFi is no exception. However, these points will help convince you of that safety and security is our top priority!
✅ 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.
@Narot15 : Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is it like this? If not can u tell us, What makes it different from other projects?
Hardev Dhillon : Our platform will be a fully operational with live vaults and will launch regardless of what is raised during our private & public sale. The platform and smart contracts are being developed as we speak.
More importantly, the platform launch is not hindered by the performance of our private + public sales. It would only mean a greater upside potential for the price of the sYSL token.
@petsyp : How does YSL generate income and revenue?
Hardev Dhillon : Our protocols revenue is sourced from four aspects:
1️⃣ Optimisation – An equivalent of 2% collected from the APR (%) of the token being optimised
2️⃣ sYSL exit fee – An equivalent of 2% collected when sYSL is sold
3️⃣ sYSL entrance fee – An equivalent of 2% collected when sYSL is purchased
4️⃣ Inflation block reward – 20% allocation, distributed on each block
The mechanism behind how these are collected can be found in our Gitbook (👉 https://bit.ly/3wQJM0y)
It’s important to note that those that stake in the sYSL vault & YSL-BUSD vault will also benefit from these same four aspects:
1️⃣ Optimisation – An equivalent of 8% collected from the APR (%) of the token being optimised – Contributed to the MONTHLY BUY-BACK
2️⃣ sYSL exit fee -An equivalent of 8% collected when sYSL is sold – Contributed to the MONTHLY BUY-BACK
3️⃣ sYSL entrance fee – An equivalent of 8% collected when sYSL is purchased – Contributed to the MONTHLY BUY-BACK
4️⃣ Inflation block reward – 80% allocation (50% to the YSL-BUSD vault & 30% to the sYSL vault), distributed on each block
Host : Aha! You’ve done answer 5 questions 🥳🥳🥳🥳
Thank you so much mate
Hardev Dhillon : No worries mate !
Thanks to everyone that participated! 🙏
If anyone has any other questions, please don’t hesitate to send us a message on our telegram channels!
English Telegram 👉 https://t.me/ysl_io
Indonesia Telegram https://t.me/ysl_indo
Don’t forget the YSL.IO Price Discovery is live 🚀
Private Sale Link 👉 https://www.ysl.io/
