πŸͺ„
Magic Yearn Documentation
  • πŸ‘‹ Welcome to Magic Yearn!
    • Offical Links and Contract Addresses
  • 🌎 Ecosystem
    • πŸͺ™ Magic Yearn Share Token (MyS)
      • πŸ“Š Tokenomics
      • πŸ”₯ Emissions & Burn
      • πŸ”¨ Utility
      • πŸ›οΈ Governance
      • πŸ–Ό Minting myINK (NFTs)
    • πŸͺ™ Magic Yearn Exchange Token (MyEx)
      • πŸ“Š Tokenomics
      • 🧰 Utility
    • πŸͺ™ Magic Yearn XXX Token (myXXX)
      • ♻️ Reflows
      • πŸ’° Transaction Fees
  • ⌨️ Wrapper (AMM)
    • πŸ’§ Adding Liquidity via a DEX
    • βœ… Minting myXXX
    • πŸ’§ Adding Liquidity via Wrapper (Zap-In)
    • πŸ”₯ Burning myXXX
  • πŸ’± Decentralized Exchange Pegging
  • πŸ’° Staking
    • 🌊 Pool Types
  • πŸ–ΌοΈ Magic Yearn NFTs
    • πŸͺ™ MyFreeINK
    • πŸͺ™ myINK
    • πŸ–ΌοΈ Mint NFTs
    • πŸ”₯ Burn NFTs
  • πŸ“‰ Fee Reduction
    • πŸ“ Summary
    • πŸ’² Zap-in Fees
    • 🫰 myXXX Transaction Fees
  • βœ… Project Benefits (Liquidity Pools & Single Staking)
    • 🌊 Liquidity Pools for Existing myXXX Tokens
    • 🌊 Liquidity Pools for Existing myXXX Tokens with MyS Rewards
    • πŸͺ™ Creating a myXXX Token
    • πŸͺ™ Creating a myXXX Token with MyS Rewards
    • πŸͺ™ Creating a myXXX Token with MyS Rewards & Customized Arbitrage Trades
  • πŸ›£οΈ Roadmap
  • β˜‘οΈ Teneo
  • 🧐Audit
  • βš–οΈLegal
    • πŸ“ TERMS AND CONDITIONS
    • πŸ“PRIVACY POLICY
    • πŸ“USER AGREEMENT
  • πŸ–₯️ Testnet Guide: Beta Version
    • 🦊 Testnet Setup (MetaMask)
    • πŸ’§ Testnet Faucet
    • πŸ’° Reduce Fees
    • πŸ”›Getting LP-Tokens
    • πŸ“ˆStaking
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  1. ⌨️ Wrapper (AMM)

πŸ’§ Adding Liquidity via Wrapper (Zap-In)

To add liquidity with the wrapper, only XXX tokens are required. The wrapper can transfer myXXX tokens without fees (2 x 1.2%) without any price impact, making the process seamless and efficient.

For example, a user can add 100 YYY & 100 XXX tokens to the pool. If the user doesn’t reduce the fees, 1% of the LP tokens are burned - this means that they lose 1 YYY & 1 XXX token.

The fee-reducing mechanism also works in this scenario, so the percentage of burned LP tokens is broken down as follows:

  • 1% if no fee reduction is used

  • 0.5% if holding amount X (depending on total supply) of MyS

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Last updated 2 years ago