DeFi Yield Protocol (DYP) continues to expand its ecosystem – Sponsored Bitcoin News

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The DeFi Yield Protocol has become one of the fastest growing crypto projects with an expanding ecosystem. DYP enables DeFi users to leverage advanced trading tools to generate income from their assets while taking advantage of the unique decentralized application of DYP tools.

DYP has drawn the attention of many in the crypto space because of its features, which include its unique anti-tampering system. The anti-manipulation function ensures the stability of DYP tokens by automatically converting DYP rewards into Ether (ETH) or BNB every day until 00:00 UTC and distributing rewards to liquidity providers.

Important developments in the DYP ecosystem

The DYP team continues to develop the ecosystem with important partnerships and integrations into its infrastructure. Some of the high profile developments are:

Chainlink integration

DYP recently announced that it has integrated Chainlink Price Feeds into its Ethereum and Binance Smart Chain mainnet. The integration will give DYP access to high-quality, tamper-evident price feeds, which are required to provide the exact value in USD for the rewards that are paid to the liquidity providers in ETH and BNB via farming pools. Chainlink data feeds also ensure that DYP values ​​are provided in a completely decentralized manner and cannot be manipulated.

According to DYP, the choice of Chainlink is due to the seamless solution that has proven itself in the DeFi area. Chainlink is the choice of several leading DeFi protocols and has proven valuable for maintaining the stability and security of smart contracts.

DYP will also use Chainlink in the future to provide additional price feeds for all farming, staking and vault pools on its platform.

Avalanche integration

DYP will also expand its ecosystem by integrating with the DeFi Avalanche protocol. The extension will allow users to take advantage of DYP’s advanced trading tools on Avalanche. DYP will initially launch three products: DYP Farming, DYP Tools and DYP NFTs.

As part of the integration, the DYP farming platform will launch a DYP / AVAX pair on Pangolin, with which users can use their tokens for different durations (3,30,60,90 days). The rewards are delivered to users daily in PNG, AVAX or packaged ETH.

DYP will also launch its unique NFT marketplace ” DYP NFTs ” on Avalanche. The marketplace will enable artists and creators to mint, trade, and sell their digital works of art to the Avalanche community at low fees and environmentally friendly technology.

Ethereum and Binance Smart Chain Pools

DYP has reached several milestones and was the first protocol to offer users income rewards in ETH or BNB. Since its launch in 2020, DYP has paid out 8,455.24 ETH and 4,622.56 BNB worth over $ 20 million to liquidity providers.

It is also one of the few yield farming platforms that allows users to participate in both Ethereum and the Binance Smart Chain Network. Income farmers can easily place DYP tokens on one of the supported staking pools. Each pool has four different staking options with rewards ranging from 20% APR to 35% APR, depending on the blocking period.

The DYP Earn Vault also offers users an alternative way to generate impressive returns. The Vault is an automated yield farming contract with Compound Protocol integration and support for the ETH, WBTC, USDC, USDT and DAI markets.

Compound’s interest is fully distributed to users. A significant part of the profits (75%) will be converted into ETH and distributed to the liquidity providers, while the rest (25%) will be used to buy back and burn our protocol token.

DYP tools

DYP has developed a unique dashboard for decentralized tools called DYP Tools, which is the first of its kind in the DeFi sector. DYP tools increase the use cases for DYP tokens and the entire DeFi ecosystem. The tool dashboard serves as a liquidity cabinet for every DeFi project and protects the DeFi community by providing a decentralized trust score for all DeFi.

DYP continues to lead the way in the DeFi space, and the introduction of the DYP tools is expected to lead to a rollout of the DYP token and its project in the crypto space.

To learn more about the DeFi Yield Protocol, follow the links below. www.dyp.finance | Twitter | discord | telegram | Github | medium

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