YZY is a decentralized autonomous organization (DAO), dedicated to:
accelerating the growth and adoption of DeFi whilst generating yield for its members.
It’s meant to be an ecosystem DAO where a collective of degens from across DeFi can come together to collaborate, ape, build products we need, and generate the yield we all long for. Community shared ownership in YZY DAO will allow its members to have aligned incentives while decentralized governance can ensure those incentives remain fair to all parties.
Apes. Together. Strong.
🔵 YZY Token
$YZY is a non-inflationary cryptocurrency designed to be completely decentralized in it’s execution of profit-generating strategies that are selected, vetted and voted on by the DAO.
At launch YZY will have a fee of 2% on each transaction, which goes 100% to LP stakers.
Token Name : YZY DAO
Token Symbol: YZY
Max Supply: 11,000 YZY
Circulating Supply: 1100 YZY
Token price: 0.121 ETH
Market Cap: 133.1 ETH
LP Rewards: 9900 YZY
Kickstart Event: 1,000 YZY
UNI ILP: 100 YZY
✔ ️Token Contract: 0x6ca2cc52bb2cb67dd952e73b8786eb3a368b484c
✔ Vault Contract: 0x0A5A0a14419F9DB1DA68cF2F550720e5DF49d4fe
PLEASE STAKE BY INTERACTING WITH THE CONTRACTS DIRECTLY
1. CONNECT WALLET
2. GO TO STAKE
3. SET AMOUNT AND CLICK WRITE.
THIS WILL ALLOW YOU TO INTERACT WITH THE STAKING (VAULT) CONTRACT DIRECTLY WITHOUT USING THE WEB APP.
No team tokens, no dev fee , 100% community owned.
💧 Keeping It Liquid
All transfers have to be approved by the YZY smart contract, which blocks all liquidity withdrawals from Uniswap. This will guarantee a stable market and gives all holders and farmers fair skin in the game.
By default the contracts are set to lock provided liquidity for a period of
3 months, this however can be changed through governance to a shorter or longer period.
🙅♂️ 11,000 YZY Or Less
Theres absolutely no way to create new YZY tokens. This means the circulating supply can only ever go down, period.
🏛️ Real Governance
YZY is designed for true community governance. We have chosen for a model where all voting power goes to LP stakers, allowing holders to benefit but making sure the decision power lays in the hands of the people that put their tokens where their mouth is. LP stakers decide everything, from fees, to deciding on the lock-up period for liquidity, to allocating the funds from the DAO treasury.
We have integrated snapshot to allow LP stakers to directly take control over 30+ parameters right away at launch. This will also allow stakers to submit proposals and vote on decisions made, that go in effect immediately.
📈 LP Rewards Distribution
All 9900 YZY allocated for LP rewards will be distributed during 2 epochs.
Epoch 1 will start right away once the token has been listed on Uniswap.
Epoch 1
Duration: ~ 11 days (71500 blocks)
Rewards: 2000 YZY*
Epoch 2
Duration: ~ 66 days (429000 blocks)**
Rewards: 7900 YZY*
* LP rewards will be distributed in the same manner as the 2% fee:
50% — in YZY rewards
20% — in WBTC/YFI/WETH rewards (50/30/20)
25% — to the DAO treasury (controlled by LP stakers, owned by the DAO)
5% — to the YZY lottery pool (won by LP stakers)
** LP stakers can reduce or lengthen the duration of the epoch trough governance.
All YZY rewards will be locked for a period of 14 days (duration can be changed trough governance).
All WBTC/YFI/WETH rewards will be locked for a period of 90 days (duration can be changed trough governance).
☝️1-Click Farming dApp
No more hassle with multiple transactions by manually adding liquidity on Uniswap and then returning to the app to stake your LP tokens. Instead we allow our users to start earning right away by simply selecting the amount of ETH they want to commit for LP provision and we take care of the rest!
How it works:
1. dApp takes 50% of the ETH and market-buys YZY from the Uniswap LP
2. dApp takes that YZY and adds it together with the remainder ETH back into the Uniswap LP
3. dApp receives LP token and stakes it for you
4. You receive rewards in YZY+WBTC/YFI/WETH
🕳️ Penalty Fees
Besides the 2% fee on every transaction we have implemented a conditional penalty fee structure for rewards (which can be changed trough governance):
- early withdrawal of YZY rewards — 20% burn
- early withdrawal of YFI/WBTC/WETH rewards— 20% burn
assets get swapped to YZY which then gets burned - early unstaking of LP tokens — 10% fee
assets get sent to the DAO treasury (owned and controlled by LP stakers)
🧠 Open Invitation to:
Builders, traders, insiders, designers, degens and alike to come and join this decentralized collaboration on this blank canvas in DeFi, the best way to predict the future is to (sh)ape it.
🚀 Launch Details
Date: Tuesday, February 9
Between 09:00 AM and 12AM
Timezone:(EST) (NEW YORK)
Staking starts as soon as the token is listed on Uniswap.
🔌 Connect
Launch App
Check Out Our Github
Join Our Discord
Follow Us on Twitter
Connect on Telegram
Humble thanks to the YZY citadel,
br41n5urf3r
