How Value is Focused to YAY

ETH acquired from Pal minting, NFT trading royalties, etc. accumulate in the liquidity pool
ETH in the liquidity pool that are not slated for use in the short term may be used for staking, delta hedging, or other such means of growing funds for future initiatives or boosting stability
The ETH in the liquidity pool is used as a fund to purchase of YAY through the exchange when users withdraw funds by exchanging EMPL for YAY
When users exchange EMPL for YAY, they will be charged a withdrawal exchange fee (initially set at 10%), but when Yay! purchases YAY, it purchases the total amount, including the withdrawal fee as well as the amount withdrawn by the user
If, for example, a user withdraws about $1,000 worth of EMPL, $900 worth of YAY will be transferred to the user's wallet. Yay! will purchase YAY on the exchange using $1,000 worth of liquidity pool funds to maintain YAY inventory. In this example, comparing buy and sell, the buy pressure of $100 as a charge for the withdrawal exchange fee is calculated
The more users withdraw funds, the greater the YAY buy pressure generated, creating a synthetic long position. The system is designed in such a way that even if all YAY that an individual holds are sold in the exchange, buying pressure exceeds the selling pressure due to the withdrawal of exchange fees.

Last updated 4 months ago

ETH acquired from Pal minting, NFT trading royalties, etc. accumulate in the liquidity pool
ETH in the liquidity pool that are not slated for use in the short term may be used for staking, delta hedging, or other such means of growing funds for future initiatives or boosting stability
The ETH in the liquidity pool is used as a fund to purchase of YAY through the exchange when users withdraw funds by exchanging EMPL for YAY
When users exchange EMPL for YAY, they will be charged a withdrawal exchange fee (initially set at 10%), but when Yay! purchases YAY, it purchases the total amount, including the withdrawal fee as well as the amount withdrawn by the user
If, for example, a user withdraws about $1,000 worth of EMPL, $900 worth of YAY will be transferred to the user's wallet. Yay! will purchase YAY on the exchange using $1,000 worth of liquidity pool funds to maintain YAY inventory. In this example, comparing buy and sell, the buy pressure of $100 as a charge for the withdrawal exchange fee is calculated
The more users withdraw funds, the greater the YAY buy pressure generated, creating a synthetic long position. The system is designed in such a way that even if all YAY that an individual holds are sold in the exchange, buying pressure exceeds the selling pressure due to the withdrawal of exchange fees.

Last updated 4 months ago