YSL USDy
1. Summary
- Description
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USDy: Maintaining Price Stability and Sustainable Liquidity Growth
USDy: Maintaining Price Stability and Sustainable Liquidity Growth
USDy is a pivotal component of the YSL.IO ecosystem, designed to maintain price stability and ensure sustainable liquidity growth. It features a unique Price Stability Model and an autonomous USDy-USDC Treasury-Owned Liquidity generation mechanism. These mechanisms work together to counteract selling pressure and increase liquidity.
USDy Buyback and Burn (UBB) Mechanism
The UBB mechanism activates every 4 epochs if the USDy-USDC pool price falls below $0.95. During activation, a portion of the tax from every YSL, xYSL, bYSL, and USDy trade, along with 15% of every HydraVault deposit, is used to purchase and burn USDy. This reduces the USDy supply and increases its price, benefiting USDy holders.
USDy Incentive Buyback (UIB) Mechanism
The UIB mechanism offers a 25% incentive to purchase YSL while actively reducing the USDy supply. During UIB activation, the protocol performs an automated buyback and burn of USDy using the USDC received from YSL purchases. Users receive YSL and a 25% bonus in USDy, but the UIB is only in effect while the UBB is active and USDy is trading at a maximum of $1.05.
In summary, USDy plays a crucial role in maintaining price stability and fostering sustainable growth within the YSL.IO ecosystem. Its innovative UBB and UIB mechanisms work together to ensure that the protocol remains resilient against market fluctuations and offers long-term value to its users.
| Price | |
| 52W High price | $1.05 |
| 52W High date | 31st May 2023 (1 year ago) |
| All Time High (ATH) Date | 26th Feb 2025 (2 months ago) |
| All Time Low (ATL) Date | 26th Feb 2025 (2 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $24.00 |
How does YSL USDy's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
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Similar Market Cap
We're monitoring 1 YSL USDy GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All YSL USDy Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 0
- Past 12 weeks: 0 commits vs. an average of 5
- Past year: 0 commits vs. an average of 66
Most Active Repos
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
Top Developers 2025
In total, 0 developers have contributed to YSL USDy over the past year. Who are the most active YSL USDy developers, by commits, over the past year?
Related Projects
Developers working on YSL USDy also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 2,632 |
| Twitter followers | 19,953 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://ysl.io |
|---|---|
| Explorer | https://bscscan.com/token/0x45d486479Ed1dB8b164d13... |
| @ysl_io | |
| Forum | https://www.tiktok.com/@ysl_io |
What is the correct contract address for YSL USDy?
| Binance-smart-chain | 0x45d486479ed1db8b164d1386b3c89c05cee8ca86 |
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Has YSL USDy been audited for security?
No security audits found for this project.
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