DeFi Yield Protocol (DYP) Launches DYP Earn Vault
Leading yield farming platform DeFi Yield Protocol has launched its highly anticipated DYP Earn Vault. The Vault is an automated yield farming contract fully integrated with Compound Protocol and supports five markets, including ETH, WBTC, USDC, USDT, and DAI. Earn Rewards on DYP Earn Vaults Users can provide an asset to the DYP Earn Vault and begin earning impressive yields on their assets. One of the unique features of the Vault is the integration with Compound protocol. When users deposit funds into the Vault, the funds are forwarded to Compound protocol in exchange for respective....
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PRESS RELEASE. DeFi Yield Protocol (DYP) is a decentralized yield farming platform that allows liquidity providers to earn rewards in Ethereum and its native token DYP. It offers a solution to the risk involved in Yield Farming by offering different options for investors to earn while maintaining full decentralization of its platform. DYP users can bank on the anti-manipulation feature that ensures that the volatility of tokens is controlled and prevents whales from taking over its token price mechanism (DYP). Massive Earning Potentials via Staking Pool DYP has been able to generate....
Popular DeFi protocol Yearn Finance has launched a new product, a yield generator called yvBOOST. Part of its suite of vaults, this product will complement the “Backscratcher” vault and will allow users to earn and boost rewards in the Curve-based token 3CRV. “Backscratcher” offers rewards in Curve’s, an Ethereum exchange liquidity pool, native token CRV. […]
DeFi Yield Protocol has emerged as one of the fastest-growing crypto projects with an expanding ecosystem. DYP allows DeFi users to leverage advanced trading tools to earn yield on their assets while taking advantage of the unique DYP Tools decentralized application. DYP has attracted the attention of many within the crypto space due to its features that include its unique Anti-manipulation system. The anti-manipulation feature ensures the stability of DYP tokens by automatically converting DYP rewards to Ether (ETH) or BNB by 00:00 UTC daily and distributing rewards to liquidity....
DeFi Yield Protocol (DYP) continues to attain popularity within the decentralized finance sector. Since the launch of the staking dAPP three months ago, DYP Protocol has experienced massive growth in its community. DeFi Yield Protocol The yield farming platform has over $39 million locked in its ETH staking contract and has paid 7,064 ETH worth over $14 million to liquidity providers. DYP has also experienced a 20x increase in liquidity on popular decentralized exchange Uniswap. At the moment, more than $21,000,000 in liquidity on Uniswap on the DYP/ETH. DYP has also expanded its ecosystem....
Decentralized Finance (DeFi) has become a critical subset of the cryptocurrency and blockchain space, one that mimics the products and services offered by traditional banks, such as borrowing and lending, but without the need for a third party. Without a bank, DeFi protocol users can provide liquidity and earn a yield in rewards. As the sector grows, new protocols have sprouted up that build upon the existing benefits offered and push innovation forward. Here’s how […]