🌊 Pool Types

MyS staking contains the following types of liquidity pools:

1️⃣ Permanent Pools

The MyS/BUSD pool is considered a permanent type. Although it may not be needed after a long period of time, the fact that this pool is permanent means it has deeper liquidity.

The MyS Treasury pool provides a steady income for the DAO treasury. This mechanism also enables the Magic Yearn Council to act in the best way (and with the most beneficial intentions) for the entire ecosystem. The more the value of the MyS ecosystem rises, the more the Treasury’s emission wealth grows. However, note that this is just a fraction of the entire ecosystem, as it’s less valuable than 1 pool.

2️⃣ Determined Pools

myXXX liquidity pools can be discontinued when they’re no longer required. While zapping into a liquidity pool with the myXXX wrapper contract can save on fees, this process still incurs fees that depend on the exchange ratio (therefore, it may be cheaper to do this manually on DEXs).

The staking functionality comes with withdrawal fees, encouraging users to keep their tokens as added liquidity in the pool (fees increase at first and then decrease later, which improves short-term liquidity). LP staking and zapping fees are burned, increasing unstaked liquidity - this offers the potential to close staking in the future and add more myXXX with a sustainable emission.

3️⃣ Staking Periods

Staking operates across different time periods using a withdrawal fee and multiplier: