Saturday  26th june  2021, 7PM GMT + 7

Muhammad Ryan : Hi everyone and welcome to the AMA on Forum Crypto Moonlight Official Group We’re honored to host an Ask-Me-Anything session with @ysl_io πŸ₯³πŸ₯³πŸ₯³

Hardev: Thank you ! I’m glad to be hereπŸ™

Look forward to sharing insights of YSL.IO with the FCM community! 🦾

Muhammad Ryan || FCM: I will explain a little about the  AMA segment this time,

Segment 1: project introduction

Segment 2: Question Twitter

Segment 3: Live Question

SESSION INTRODUCTION PROJECT

Q1, can you explain a little about your background and the background of your team at YSL.IO?

Hardev : I’d be happy to! I am Hardev Dhillon, the Co-Founder of YSL.IO

I’ll begin with 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.

Simran Dhillon (@simran_ysl), is the other Co-Founder of YSL.IO. Just to give you a quick background on him; Simran 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 πŸ’ͺ 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).

In addition to @simran_ysl and myself, we have a dedicated team of seven blockchain developers + one UI/UX designers that are 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, drumming up  materials that will help spread awareness of our unique concept.

Q2, Can you tell our community what YSL.IO was built for?

HARDEV : YSL.IO was built to be the best place for DeFi users to maximise returns on their crypto assets!

Our project name is derived from the key features of our unique protocol; high YIELDS, rewards for STAKING and locked LIQUIDITY.

YSL.IO πŸ’Ž  = [ ⭐️ Yield + πŸ’— Staking + 🌊 Liquidity  ] = πŸš€

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%! πŸš€

Q3, How is YSL.IO plan to strengthen Liquidity and also can you briefly discuss the tokenomics of native tokens?

HARDEV : 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 through 10 mechanisms πŸ‘‰ https://bit.ly/3wPq5WJ

More importantly, all the liquidity that is generated by our protocol will be LOCKED in the locked liquidity contract for a period of 1000 years!

And what makes our project truly novel, is that 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!πŸš€

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 πŸš€

This integration of locked liquidity within a token economy is unlike any other BSC project, and will provide long-term stability and value to our native sYSL token holders!

Q4, What are your most important achievements to date and what are your plans for the future this year?

HARDEV : Our partnership with ApeSwap Finance has been one of our most important acheivements. 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.

Here are some of our recent milestones:

βœ… Smart contract development

βœ… Gitbook Release (23k words)

βœ… Partnership with Peanut (NUX)

βœ… Partnership with ApeSwap/BUIDL

βœ… Frontend development (UI/UX)

βœ… Scheduled 20 pre-Launch WeChat AMAs

βœ… Scheduled 50+ pre-Launch Telegram AMAs

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

Q5, most of you find it difficult to access information on your social media projects, how can we get more detailed information about updates from YSL.IO projects?

HARDEV : πŸ”Š You can keep up to date with YSL.IO here:

Official Channels:

🌏 YSL.IO Official (https://t.me/ysl_io)

πŸ“ˆ YSL.IO Traders / Price (https://t.me/ysl_price)

πŸ“£ YSL.IO Announcement (https://t.me/yslen_ann)

Community Channels:

YSL.IO China (https://t.me/ysl_cn)

YSL.IO Korea (https://t.me/ysl_kr)

YSL.IO Russia (https://t.me/ysl_ru)

YSL.IO Turkey (https://t.me/ysl_ty)

YSL.IO Vietnam (https://t.me/ysl_vn)

YSL.IO Indonesia (https://t.me/ysl_indo)

YSL.IO Spanish (https://t.me/ysl_es)

YSL.IO Portuguese (https://t.me/ysl_pt)

πŸ“š You can learn more about YSL.IO here:

Twitter πŸ‘‰  https://twitter.com/ysl_io

Gitbook πŸ‘‰ https://docs.ysl.io/ysl-io

GitHub πŸ‘‰ https://github.com/ysl-io

Medium πŸ‘‰ https://ysl-io.medium.com

SESSION QUESTION FROM TWITTER

Q1, from @doyokaja92 As a DeFi platform that uses the AMM model, in the area of ​​decentralized security what innovations did http://YSL.iO make to successfully implement such as Pancake Swap? And how can you plan to achieve it when other DEXs just can?

Hardev : Here’s are some examples of features that our team has incorporated into the YSL.IO 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:

βœ… 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!

βœ… ONGOING AUDITS – We intend to conduct ongoing audits on a regular basis, to ensure the long-term maintenance of our protocols security.

Q2, from @Greyhair_08 Man all this talk of high yields is making me really excited haha, but first of all is my money safe with you guys? How can I participate in your Private and Public sales?. What are the benefits installed for investors for buying your token early?

Hardev : Yes! all liquidity generated from the private and public sales will be 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!

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.

Benefits for taking part during the Price Discovery Phase:

βœ… 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 πŸ’°

βœ… 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 🀯

βœ…  sYSL is tied to locked liquidity:

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!

Q3, from @ThiSn45519921 Perhaps one of the biggest problems DeFi faces is the process of creating tough liquidity. How has #YSL addressed this issue through its platform? And how can you facilitate the creation of these liquidity? Is smart support on Web 3.0 a solution and what will this bring?

Hardev : Definitely, So lets say the total BUSD acquired from private & public sale = $100,000

1️⃣ A YSL-BUSD pool will be established on ApeSwap Finance  (locked liquidity)  = $100,000

2️⃣ As a result the price of the sYSL token would be determined as $1

Now lets say we launch our vaults and the total TVL held on YSL.IO grows to $100,000,000 (not uncommon for DeFi platforms that offer high yields on BSC).

And lets assume the average yield across our vaults is only 30% APR throughout the year (an extremely conservative figure):

1️⃣ YSL-BUSD locked liquidity will grow by $60,000,000 by EOY (this only considers the liquidity generated from the optimisation function, so it is  conservative)

2️⃣ This means the sYSL token price would have increased to over $600!

This demonstrates the long-term value of the sYSL token for those that participate in the sale! πŸš€

Q4, from @NSZR16 One of the details that most caught my attention about YSL,  is the name and logo. I would like to know why you decided to use this name and logo as the emblems that represent this project? How do these relate to your vision for the project?

Hardev : Our project name is reflection of our unique protocol and its key features; high YEILDS, rewards for STAKING and locked LIQUIDITY.

YSL.IO πŸ’Ž = [ ⭐️ Yields + πŸ’— Staking + 🌊 Liquidity  ] = πŸš€

Q5, from @MesutGunneri 90% of coins launched today pump up initially after that dump and after that almost die so how do you plan not to be in that zone? and if a bear market comes Will your tokens DUMP HARD?

What are the ways to deal with your investor panic selling?

Hardev : 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. 

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% πŸš€

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!

SESSION FREE ASKING

Q1. From @KingCobra54 Can you tell us about the revenue model of your project and how your project generate profit?

Hardev : 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 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 (πŸ‘‰ 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

Q2. From @Manugotsuka The sYSL token at difference of typical defi token doesn’t has supply limit, so can you explain us why did you take that decision instead use a finite supply?

Hardev : There is 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.

This essentially will have a domino effect on the amount of sYSL tokens that will be minted, as the increase in locked liquidity will lead to the sYSL token appreciatingπŸš€

Q3. From @almamun7273 What are your plans to increase awareness and adoption of the project? What will you do where english is not spoken?

Hardev : We have scheduled over 70+ AMA’s with several local communities based all across the globe, including China, Vietnam, Indonesia, Malaysia, Singapore, Korea, India, Turkey, and Iran.

We are also having our comprehensive Gitbook translated into several languages, this will help ensure our concept is better understood in the countries/regions where English is not commonly used.

On top of this, to help raise adoption of our platform in any countries/ regions where English is not commonly used, we plan to offer different languages for the frontend language in the near future!

Q4. From @Pokerlight  In the YSL website says that you offer a high APR%, through the optimization of positions on AMMs, so can you explain us how so you boost up this rewards?

Hardev : Locked Liquidity!

We have a completely unique approach to yield optimisation, that is fuelled by the creation of YSL-BUSD locked liquidity.

For example – It will increase the APR of a users CAKE-BNB position on PancakeSwap from 58.29% to 173.67%! πŸš€

This has been made possible through our protocols unique capability of creating YSL-BUSD liquidity AUTONOMUSLY (https://bit.ly/3wPq5WJ).

Q5. From @Razor2vnz What do I have to do to get on the pre-sale list?

Hardev : 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 don’t miss the exciting benefits during the Price Discovery Phase:

βœ… 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 🀯

βœ… 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.

Website  https://ysl.io/

Gitbook  https://docs.ysl.io/

Medium https://ysl-io.medium.com/

Linkedin https://www.linkedin.com/company/ysl-io

TG Group https://t.me/ysl_io

TG Channel https://t.me/yslen_ann

Twitter https://twitter.com/ysl_io

By Mr04

Crypto currency lovers

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