Financial NewsYSL.IO: A cutting edge DeFi yield farming tool

YSL.IO: A cutting edge DeFi yield farming tool

Russia, 1 July 2021, ZEXPRWIREThis article has been prepared for acquaintance with the YSL.IO project, its principles, mission and working mechanisms. The article is for informational purposes only.

YSL.IO is a cutting-edge DeFi tool designed to optimise and amplify the returns from yield farming platforms, whilst maximising the benefits of locked liquidity to create a truly unparalleled token economy.

YSL.IO’s well-known formula for success is presented below:

YSL.IO = Yiled + Staking + Liquidity

Yield: YSL.IO offers sophisticated farming strategies for the DeFi ecosystem: maximise the performance of a DeFi users position by 300% (optimisation), enhancement of a DeFi users optimised returns by up to 100% APR (amplification).

Staking: YSL.IO provides appealing staking options for YSL.IO.IO token holders: entitled to 40% of the Monthly Buy-Back & 30% of the Inflation (sYSL Vault), entitled to 60% of the Monthly Buy-Back & 50% of the Inflation (YSL-BUSD Vault).

Liquidity: harness the key benefits created by Locked Liquidity: locked liquidity will inherently create and maintain a price floor (token price floor), the growth of locked liquidity mitigates exposure to price volatility (token price stability).

YSL.IO also continually forges the best strategic partnerships to improve the system and attract new investors and like-minded people.

YSL.IO.IO is pleased to announce that they formed a strategic partnership with peanut.trade, whereby NUX-BNB liquidity providers will be able to benefit from the protocol’s novel optimisation function that autonomously creates YSL.IO-BUSD locked liquidity.

Once the platform launches, NUX liquidity providers will be able to deposit their LP tokens from PancakeSwap into the NUX-BNB vault held on YSL.IO. By doing so, NUX liquidity providers will earn sYSL.IO optimization block rewards based upon their TVL held within the NUX-BNB vault. These block rewards will be generated in accordance with the YSL-BUSD locked liquidity that is autonomously created through optimization of the tokens acquired from the NUX buyback(s).

The token that undergoes optimization by YSL.IO will be determined by the Peanut team. The utilisation of a stablecoin will ensure that the native NUX token is exposed to zero selling pressure, which will be mutually beneficial for the YSL-BUSD and NUX-BNB liquidity pools.

The main reason YSL.IO decided to concentrate the YSL-BUSD pool on ApeSwap is because of the locked liquidity contract that they offer. YSL.IO would not go into too much detail here, but everyone remembers the nightmare for projects that had liquidity locked on PancakeSwap V1 when they decided to upgrade to PancakeSwap V2.

Seeing as YSL.IO will be locking all YSL-BUSD LP’s away for 1000 years, it was important for us to choose a partner that would be capable of always migrating the locked tokens to the latest version if and when an upgrade should occur. ApeSwap does just that.

Given the upcoming launch of the YSL.IO platform, YSL.IO wants all the investors to feel safe by understanding exactly what YSL.IO offers. Community engagement and listening to the feedback is, and always will be, at the core of the business so let us know in the comments below what investors would like to see in the next big guide.

YSL.IO Media Platforms:

Website | Telegram | Twitter

Media Contact

Company Name:-YSL
Email:-[email protected]
Company Website:-https://twitter.com/ysl_io

The post YSL.IO: A cutting edge DeFi yield farming tool appeared first on Zex PR Wire.

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