📈Tokenomics

General Info

YEL token address: 0x949185D3BE66775Ea648F4a306740EA9eFF9C567

Total Circulating Supply: 280,739,085 YEL

Available Chains (9): Ethereum, BSC, Base, Blast, Polygon, Optimism, Avalanche, Arbitrum and Fantom

Utility, Deflationary & Governance Token

Utility

The token serves several functions:

• Utilization of YEL Token. Wrap YEL in lYEL Potions to earn Holder's APR;

• Exclusive Access. Certain features, like upcoming arbitrage opportunities, are available only to YEL Holders;

• Future Utilities. Additional features, such as lYEL Bridge staking and Arbitrage Bot Staking, are coming soon.

Deflationary

Outside of market conditions, a few key factors will influence the YEL token price. Constant buy pressure and burning mechanisms embedded in our fees create continuous demand for the YEL token and implement a deflationary nature into our tokenomics.

The following instruments support our tokenomics:

• Buy Back Mechanism in Potions. With each wrap and unwrap fee collected from potion usage, a significant portion of these fees is used to buy back YEL from the market and distribute it to LP stakers.

• Burn Mechanism in Potions. Some potion fees are burned permanently, making YEL deflationary.

• No Emissions Planned. No new tokens will be emitted.

Governance‍

YEL is a Decentralized Autonomous Organization (DAO) and the YEL token is its governance token, therefore, all decisions and proposals will be agreed by the majority of holders. Buying and holding YEL grants users voting power. The more YEL held, the more voting power users have on proposals.

References

Coingecko - https://www.coingecko.com/en/coins/yel-finance