Magic Yearn Share is the main utility token of the Magic Yearn ecosystem that’s used to mint myINK, reduce LP, and pay for myXXX transaction fees. The MyS token has a fixed emission schedule and associated transaction fees when swapping. Users can select between several different staking options with their MyS tokens on the Magic Yearn platform.

Magic Yearn ecosystem is driven by specific digital assets and NFTs (Non-Fungible Tokens) that help power operations across the platform and ultimately drive value to all stakeholders:

• Magic Yearn XXX Tokens (myXXX): Wrapped versions of ERC-20 tokens (where the “XXX” represents the corresponding ticker symbol). By holding or providing liquidity, users can accumulate more myXXX tokens that can be exchanged with their ERC-20 counterpart at a 1:1 ratio at any time
• Magic Yearn Exchange Token (MyEx): Exchange value asset that connects every myXXX token for arbitrage trades and gives a direct route to swap MyS and burn from myXXX DAO fees
• Magic Yearn NFTs (myNFT): Allows users to receive and mint unique NFTs that have their own pixel color combination (blocked when being minted). Minting myNFTs requires either utilizing MyFreeInk (received through airdrops or via events) or minting MyInk for MyS tokens.