Tag: DYP

The DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica, revealed he purchased an NFT from the Bored Ape Yacht Club collection on January 3 through a Twitter post. Mihai acquired the #1112 Bored Ape for a whopping 80 ETH, which is the equivalent of $304,000. His announcement comes two weeks before the launch of the protocol’s NFT collection, the Cats and Watches Society. The event set to unroll on January 17 will also entail the launch of its V2…

The yield farming aggregator platform “DeFi Yield Protocol” (DYP) has officially launched its updated buyback, farming, and staking pools. These pools live across multiple chains including Ethereum, Avalanche, and Binance Smart Chain (BSC).  Buyback Pools Ethereum’s buyback pool allows holders to earn up to 350% APY in DYP, by staking WETH, WBTC, USDC, USDT, DAI, or LINK. Meanwhile, Avalanche’s buyback pool offers up to 145% APY. Staking options include WAVAX, USDC.e, USDT.e, WETH.e, PNG, QI, DAI.e, XAVA, WBTC.e, or LINK.e.…

DeFi Yield Protocol (DYP) – a yield farming aggregator platform – recently announced its new pools for staking, buyback, and farming on Binance Smart Chain (BSC). Each pool is offering remarkably high APRs of 50%, 100%, and up to 1150% respectively.  These pools arrive at a critical moment for DYP, which analysts predict will surge by orders of magnitude in the weeks to come.  DYP’s New Pools According to a company statement, the Buyback pool will allow users to deposit…

DeFi Yield Protocol (DYP) has teamed up with KyberDMM DEX to increase token liquidity on Avalanche. In a two-month-long campaign, users may earn up to $300,000 in $DYP and $KNC liquidity mining rewards. DYP and KyberDMM for Increased Liquidity KyberDMM (Kyber Dynamic Market Maker) is a cutting-edge, capital-efficient DEX protocol. Its primary goal is to increase liquidity with amplified pools and maximize returns for liquidity providers (LPs) with dynamic fees. The protocol’s main liquidity mining campaign is "Rainmaker," running on…

DeFi Yield Protocol (DYP) announced on Twitter that it would soon introduce a Launchpad to its ecosystem. According to the 5th September tweet, the Launchpad will introduce some critical features, which should serve as a gateway for high-quality crypto projects. The Launchpad should be an excellent addition to DYP’s decentralized tool dashboard. Also, it brings together all the ecosystem’s advanced features. As of now, the platform consists of DYP Locker, Yield Farm Data, and Decentralized Score. These elements help crypto…

Defi Yield Protocol(DYP), a leading provider of Decentralized Finance (Defi) products and services, has announced the launch of its Buyback program. The program, which went live yesterday, August 4, 2021, at 13:00 UTC, integrates a DYP staking component that the project's customers will find exciting. Information from DYP's website and Twitter handle explain that Participants depositing their funds in the buyback contract will earn 100% APR on their investments. The product is available on the Ethereum, Binance Smart Chain (BSC),…

Defi Yield Protocol is a crypto Defi platform launched in mid-2020 to help investors as they tread in the crypto world. The idea of DYP's institution was to change the way of earning rewards in the Ethereum network.  This platform has a farming and staking option with many pools and pairs to ensure users earn rewards. According to the platform's website, the pools make a 485.94% yield on investment.  DYP also offers protection of its currency and investors from market…

The decentralized finance network is gradually gaining popularity, supporting protocols like DeFi Yield Protocol (DYP), an ecosystem enabling users to provide liquidity and receive ETH rewards in return. DYP also stabilizes its native token (DYP Token) by employing an anti-manipulation feature that automatically converts DYP rewards into Ethereum.  Currently, the DYP protocol has successfully managed to feature on the Binance Smart Chain for its staking dApp. The Binance Smart Chain is a blockchain architecture founded by Binance to enable developers…

This year has seen the restructuring of the crypto sector in many different ways. The DeFi and NFT sectors' growth has put a large strain on older blockchains, such as Ethereum. These networks were built in a way that is designed to increase their fee structure based on the blockchain’s congestion. Unfortunately, this design flaw has created record-high gas fees for users. These fees have left many in the market searching for viable alternatives.  One option that has seen considerable…