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Magic Yearn Documentation
  • 👋 Welcome to Magic Yearn!
    • Offical Links and Contract Addresses
  • 🌎 Ecosystem
    • 🪙 Magic Yearn Share Token (MyS)
      • 📊 Tokenomics
      • 🔥 Emissions & Burn
      • 🔨 Utility
      • 🏛️ Governance
      • 🖼 Minting myINK (NFTs)
    • 🪙 Magic Yearn Exchange Token (MyEx)
      • 📊 Tokenomics
      • 🧰 Utility
    • 🪙 Magic Yearn XXX Token (myXXX)
      • ♻️ Reflows
      • 💰 Transaction Fees
  • ⌨️ Wrapper (AMM)
    • 💧 Adding Liquidity via a DEX
    • ✅ Minting myXXX
    • 💧 Adding Liquidity via Wrapper (Zap-In)
    • 🔥 Burning myXXX
  • 💱 Decentralized Exchange Pegging
  • 💰 Staking
    • 🌊 Pool Types
  • 🖼️ Magic Yearn NFTs
    • 🪙 MyFreeINK
    • 🪙 myINK
    • 🖼️ Mint NFTs
    • 🔥 Burn NFTs
  • 📉 Fee Reduction
    • 📝 Summary
    • 💲 Zap-in Fees
    • 🫰 myXXX Transaction Fees
  • ✅ Project Benefits (Liquidity Pools & Single Staking)
    • 🌊 Liquidity Pools for Existing myXXX Tokens
    • 🌊 Liquidity Pools for Existing myXXX Tokens with MyS Rewards
    • 🪙 Creating a myXXX Token
    • 🪙 Creating a myXXX Token with MyS Rewards
    • 🪙 Creating a myXXX Token with MyS Rewards & Customized Arbitrage Trades
  • 🛣️ Roadmap
  • ☑️ Teneo
  • 🧐Audit
  • ⚖️Legal
    • 📝 TERMS AND CONDITIONS
    • 📝PRIVACY POLICY
    • 📝USER AGREEMENT
  • 🖥️ Testnet Guide: Beta Version
    • 🦊 Testnet Setup (MetaMask)
    • 💧 Testnet Faucet
    • 💰 Reduce Fees
    • 🔛Getting LP-Tokens
    • 📈Staking
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  1. 🌎 Ecosystem
  2. 🪙 Magic Yearn Exchange Token (MyEx)

🧰 Utility

Previous📊 TokenomicsNext🪙 Magic Yearn XXX Token (myXXX)

Last updated 2 years ago

myXXX Token Relationship

Each myXXX token will have 1 pool associated with MyEx tokens, which will receive MyS emissions. This design is the cheapest way to facilitate arbitrage between myXXX tokens, as they don’t have any other available pool ✔️

MyS/MyEx/myXXX Token Relationship

Staking emissions are needed from myXXX/MyEx pools in order to add MyEx to a liquidity pool - the only way to receive new MyEx tokens is by swapping with MyS (in the future, users will be able to migrate from Teneo to MyEx).

Swapping MyS for MyEx incurs a standard transaction fee in MyS (50% of the token’s value), which is burned.

Chains & CEX Relationship

MyEx is the primary token focused on CEX listings and bridged between different chains, allowing for greater interoperability and ease of trading for users seeking high, deep liquidity. In addition, this enables every blockchain to have its own Magic Yearn ecosystem.

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