CryptoThrust X YSL AMA

Guest: Hardev Dhillon (Co-Founder)

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

Segment 1- Project Introduction

Q1) Please introduce YSL and its products/features. Please give a brief introduction.
Our project name is derived from the key features of our unique protocol; high YEILDS, 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.
Here’s a quick overview of our stand-out 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%

Q2) Now, can you please introduce YSL’s team?
Sure, let me begin with a brief intro of Simran Dhillon, the other Co-Founder of YSL.IO. @simran_ysl has diverse professional background across IT and Business, and has 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 a number of Blockchain projects including Zencash (which is now known as Horizen).
A brief background on myself; I’m a Certified Practising Accountant (CPA) 🤓 with a professional background in Finance, Accounting and Business, specialising in Financial Risk Management and Advanced Taxation (I love numbers!). I have broad experience across banking/accounting (HSBC, Westpac, KPMG, and Deloitte), which has allowed me to appreciate the importance of driving error-free standards for compliance, develop strategic plans for transformation, and create risk frameworks for the evaluation of a range of sectors/functions.
In addition to @simran_ysl and myself, we have a dedicated team of seven blockchain developers + one UI/UX designers focused on the development of our smart contracts and platform. Each of them 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 for our 12k+ community. We also have a marketing team that are hard at work in the background, drumming up informative articles that will help spread awareness of our unique concept.

Q3) As you said that Simran is a crypto veteran.
So, what about you? What is your experience(s) in this space?
Beyond work, I’ve always been an advocate for Blockchain and passionate about all things Crypto. My Crypto journey initially began as an investor about 5 years ago (about the same time as @simran_ysl), whilst completing my Masters Degree in Professional Accounting. I was drawn to its rapid innovation and the endless solutions the tech offered, and needless to say I was convinced it would be a game changer for not only the finance sector but all other industries as well🦾

Q4) We would like to know about tokenomics & utilities of YSL token. Could you please tell us about it?
Sure, so the YSL.IO token economy is made up of three components:
⚡️ YSL token — Utility
💎 sYSL token — Governance
🌊 YSL-BUSD liquidity pool — Held on ApeSwap Finance
There are two key things to know about our unique tokenomic model:
1️⃣ The price of the sYSL token is tied to YSL-BUSD locked liquidity.
2️⃣ We have designed the YSL.IO protocol to create YSL-BUSD locked liquidity whenever a user interacts with the platform (the 10 ways our protocol does this can be found here 👉 https://bit.ly/3wSNery).
In other words; as users begin to use YSL.IO, the TVL of our platform will increase, causing more YSL-BUSD locked liquidity to be created, leading to the price of the sYSL token to increase!🚀
YSL.IO TVL ⏫ = YSL-BUSD locked liquidity ⏫ = sYSL token price 🚀
The added benefit to this continual growth in YSL-BUSD locked liquidity, is that there will be a progressive price floor for the sYSL token, and the growing liquidity will also reduce the exposure of the YSL token to price volatility!
You can find all the details about our unique tokenomics model here 👉 https://bit.ly/3wMO8Wm
✅ sYSL token 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 token 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

Q5) We believe, partnership is one of the important factor of the project’s growth. Could you please tell us about YSL partnership(s)?
It’s definitely an important factor, and one that will not only propel our project forward but would also help us grow YSL.IO.
We formed our first-ever strategic partnership with peanut.trade, whereby NUX-BNB liquidity providers will be able to benefit from our protocols novel optimisation function that autonomously creates YSL-BUSD locked liquidity.
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 expand 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

Q6) Can we expect more partnerships in the near future?
Definitely, as mentioned we might collaborate with other projects within the ApeSwap ecosystem, we’re always thinking ahead and have an endless appetite for growth! 🦾

Q7) What kind of expectations we should have from YSL in the near future? (Any event/update)
We’re planning a cross-integration onto chains such as Polygon and Ethereum in Q4! You can refer to roadmap for all details on our cross-integration plans and what you can expect from us in the near future! (👉https://bit.ly/3d0FKe0)

Segment 2- Questions from Twitter

Q1) Security and reliability are the factors that are most concerned by users in the blockchain system. Where is project transparency reflected?
Every opportunity comes with risks, and DeFi is no exception. However, these points will help convince you of that safety, reliability 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.

Q Bonus) What do mean by “Locked for 1000 YEARS”? Why such a long period?
Its an arbitrary figure that was chosen to demonstrate that the liquidity is not going anywhere soon!

Q2) Income/profit is an indispensable reality for continuity. I have read that YSL will not charge for transactions such as withdrawals, transfers, deposits. Where else will your project generate income?
That’s exactly right, YSL.IO does not charge a Deposit fee, Withdrawal fee or a Performance fee.
Instead our protocols revenue is sourced from these 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 revenue collected will go towards ongoing operational expenses, including maintenance/development of the protocol, remuneration for engineers/developers, and to cover expenditures for ongoing audits and marketing. The mechanism behind how these are collected can be found in our Gitbook (👉 https://bit.ly/3wQJM0y)
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:
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

Q3) Do you have a Token Burning plan to increase Token value and attract Investors to invest?
We don’t utilise token burning as a method to increase our tokens value, as this would go against our protocols core objective of maximising the benefits attributable to locked liquidity.
Instead the price of our native governance token (sYSL) is tied to YSL-BUSD locked liquidity!
In other words; 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!🚀
Not only that, the increase in locked liquidity will also create a progressive price floor for the token and mitigate its exposure to price volatility!
YSL.IO TVL ⏫ = YSL-BUSD locked liquidity ⏫ = sYSL token 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 those that invest to become sYSL token holders!

Q4) Yield farming is a trend in the cryptocurrencies market, so many platforms apply this system, YSL is meant to give improved yield farming to its users, what is defined for you as improved yield farming?
YSL.IO challenges the status quo by being different to other platforms.
We have a completely unique approach to yield optimisation, that is fuelled by the creation of YSL-BUSD locked liquidity.
This enables our protocol to maximise the returns of positions held by users on AMMs (such as ApeSwap and PancakeSwap) by 300%!
‌For example — It will increase the APR of a users CAKE-BNB position on PancakeSwap from 58.29% to 173.67%! 🚀
‌That’s not all! As users are also capable of improving their optimised returns by a further +100 APR%, by utilising our Amplification function!
‌More details on our revolutionary Optimisation & Amplification functions can be found in our Gitbook (👉docs.ysl.io)
Here’s a preview of our platform 🦾
https://t.me/cryptothrustcircle/75862
https://t.me/cryptothrustcircle/75864

Q5) YSL have considered integrate other chain technologies to increase the amount of Investors from external chains like polkadot or polygon?
Absolutely! We want to expand the YSL.IO ecosystem, and are planning a cross-integration onto chains such as Polygon and Ethereum in Q4!
Our roadmap has all details on our cross-integration plans and what you can expect from us in the near future! (👉https://bit.ly/3d0FKe0)

Segment 3- Live Telegram Session

Q1) Could you really give us more details about your tokens? How much will your total supply and distribution of them be? And additionally where we can buy your tokens?
The YSL.IO contract has no set maximum supply for the YSL token. 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 an amount of sYSL tokens, locked liquidity will be created equivalent to 200% of the purchase value.
✅ Ways to obtain sYSL:
1️⃣ Price Discovery Phase — those that participate in our Private sale and Public sale will receive sYSL tokens.
2️⃣ Purchase — sYSL will only be available to purchase only 1 month after the platform launches. So don’t miss out on our sales, as the price will increase as users begin to use YSL.IO, and the TVL of the platform increases.
3️⃣ Block Rewards — Once YSL.IO launches, users that deposit their LP tokens into any vault will earn their optimised + amplified returns as sYSL tokens on each block.

Q2) Staking is a great way to hold users and something to reward supporters. Do you have any plans to offer staking to your community?
Yes! YSL.IO will offer attractive staking options for our token holders!
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 into our YSL-BUSD vault.
These vaults will earn a share of the AUTOMATED MONTHLY BUY-BACK and INFLATION REWARDS that are distributed on each new block! 🤩

Q3) Crypto market is in recent bear market and in this scenario it is very hard for investor to trust and invest on any project. How do you see this challenges and why should we invest on your project?
I strongly believe that the key to real success as a token is to have the fundamentals down in terms of long-term stability and value for native token holders — this is something I’d say isn’t present in many of today’s projects.
YSL.IO is here to stay and show that yield farming can be sustainable long term. 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 our 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 stable coins.
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! 🚀⏫ YSL.IO TVL = ⏫ YSL-BUSD liquidity = ⏫ sYSL token price 🚀

Q4) Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
Our smart contracts have been developed by a team of experienced blockchain developers that not only have extensive knowledge of DeFi protocols and their associated specifications, but also have an internal audit process embedded within their development process to ensure the reliability and safety of our protocols functions.
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.
Additionaly, our team has incorporated the following features 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.

Q5) I want to know about Pre-Sale. When and where it’ll Start?
If it’s possible then Please Share you Pre-sale link.
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, and the public sale begins on July 23rd. And we have some exciting benefits during the Price Discovery Phase!
✅ Bonus multiplier
Our bonus multiplier will effectively add a bonus on top of any deposits that you make!
During the private sale the 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 🤯
✅ 10% Referral bonus program
We are also running a referral bonus program during the price discovery phase, where you can earn 10% on the contribution made by those you refer.
So if you were to refer someone that had a $60k contribution you would get back $6k worth of sYSL tokens at the end of the discovery phase.
✅ Airdop
We are going to airdrop sYSL tokens to the Peanut (NUX) community. You need to hold a min balance of 100 NUX before 25th JUNE (ERC20).
IMPORTANT: The sYSL token will only be available for purchase 30 days after the platform launches. (after the first buy-back has occurred). And remember that the price of sYSL is tied to YSL-BUSD liquidity, so once the platform launches and our TVL grows, the amount of YSL-BUSD locked liquidity being created will increase, causing the price of the sYSL token to increase. SO DONT MISS OUT ON THE PUBLIC + PRIVATE SALE!
For all the details, please refer to our Gitbook 👉 https://bit.ly/3xFKFJf

More information about YSL:
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Website | Twitter | Medium | Telegram | GitHub | Gitbook | LinkedIn