Fun

DYP Launches Staking and Governance DAPP

News Feed - 2020-12-22 03:12:54

DYP Launches Staking and Governance DAPP


DeFi Yield Protocol (DYP) has launched its staking and governance DAPP that looks to improve earning opportunities for users. A unique feature of the launch is that liquidity providers will be rewarded in Ethereum and all the liquidity pools are deployed with anti manipulation features as well as 2.5% slippage. DYP Holders Able to Vote on Governance


By holding DYP, you will be able to use DYP governance and vote to add additional liquidity mining pools, burn tokens or allocate DYP towards grants, strategic partnerships, governance initiatives and other programs.


All that is required to join governance is to link your metamask wallet to the DYP smart contract and you become eligible to vote and earn rewards.


Unique Staking Platform With Anti Manipulation Features


DYP has also launched its staking pool platform that allows anyone to provide liquidity and get rewarded in Ethereum and DYP tokens. The staking platform is designed in a way that maintains token price stability while offering a secured and simplified platform by integrating an anti-manipulation feature.


To lower the risk of DYP price volatility, all pool rewards are automatically converted from DYP to Ether (ETH) by the smart contract at 00:00 UTC daily and ETH is distributed as a reward to the liquidity providers.


DYP developed a process of maintaining token price stability. Every day the smart contract automatically tries to convert the DYP rewards to ETH. however if the DYP price is affected by more than -2.5% the maximum DYP amount that does not affect the price will be swapped to ETH, with the remaining amount distributed in the next day’s rewards.



After seven days, if it still has undistributed DYP rewards, the DeFi yield protocol will vote on whether to distribute the remaining tokens to holders or burn the tokens from circulation. Thus the protocol is able to mitigate against inflation and maintain the price of DYP token.


To start providing liquidity and earning ETH rewards, you must deposit your liquidity provider tokens (Uniswap LP tokens) into the corresponding initial list of pools: DYP-ETH, DYP-WBTC, DYP-USDC and DYP-USDT.


Each pool has four different staking options, with rewards starting from 30,000 DYP up to 100,000 DYP each month which depends on the lock time that ranges from a minimum of three days up to 90 days.


About DeFi Yield Protocol


DeFi Yield Protocol is a decentralized finance protocol that aims to offer impressive yields for users while reducing the risk associated with risk farming. This is achieved using an anti-manipulation that ensures that all pools are safe from whale manipulation.


Pool regards are automatically converted from DYP to ETH at 00:00 UTC, and the system automatically distributes the rewards to the liquidity providers. This feature is excellent because the network’s liquidity will be fair to all participants; no whale will be able to manipulate the price of DYP to their advantage.


DYP Finance offers a utility token that enables users to interact with the features on the DYP smart contract. Ethereum miners can join the DYP mining pool and get rewarded monthly with a 10% bonus from the ETH monthly income earned by the pool.


To learn more about DeFi Yield Protocol follow the links below. www.dyp.finance | Twitter| Discord| Telegram| Github| Medium


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. The Advantages of Joining the Mining City Community SPONSORED | 20 hours ago Kickoff Your DeFi Adventure With Yearnify Finance – Get Your Tokens on Pre-Sale SPONSORED | 2 days ago Tags in this story Bitcoin, Crypto, Cryptocurrency, DAPP, DeFi, DeFi Yield Protocol, DYP, Governance, staking, Yield


Image Credits: Shutterstock, Pixabay, Wiki Commons Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer

News Feed

Turner Wright4 hours agoBook describes Sam Bankman-Fried with little attention span or respect for appointmentsThe former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at th
Moscow, Karelia, Irkutsk — Study Lists Most Popular Crypto Mining Destinations in Russia
Moscow, Karelia, Irkutsk — Study Lists Most Popular Crypto Mining Destinations in Russia Russia could be a large player in the crypto mining space, experts in the field have esta
CoinShares posts record revenue in Q1, backed by markets, Bitcoin ETFs
Ana Paula Pereira7 hours agoCoinShares posts record revenue in Q1, backed by markets, Bitcoin ETFsCoinShares’ revenue, gains and other income reached 43.9 million pounds ($55 million) in the first quarter of 2024, a 21
WhiteBIT launches WhiteSwap DEX
WhiteBIT launches WhiteSwap DEX PRESS RELEASE. TALLINN, Estonia, Nov. 10, 2020 – Leading cryptocurrency exchange WhiteBIT has launched WhiteSwap, a decentr
Tom Mitchelhill3 hours agoPayPal stablecoin launch sparks wave of fake PYUSD tokensNearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement.1304 Total views28 Total sharesListen to articl
SingularityNet, Fetch.AI, Ocean Protocol merger will drive decentralized AI development: ChainGPT CEO
Zoltan Vardai7 hours agoSingularityNet, Fetch.AI, Ocean Protocol merger will drive decentralized AI development: ChainGPT CEOThe token merger will drive new resources and create new collaborations to bolster decentralize
Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout
Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout Central banks worldwide have been bracing for the worst, as the global economy has shuddered o
Derek Andersen5 hours agoNY Fed, banks wrap up regulated liabilities network proof-of-concept using wCBDCThe theoretical network would help the dollar maintain its status internationally with “game-changing” improvem
Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Web3 games must be ‘fun and engaging’ to be sustainable — OKX exec
Ezra Reguerra8 hours agoWeb3 games must be ‘fun and engaging’ to be sustainable — OKX execOKX chief innovation officer Jason Lau urged blockchain gaming firms to focus on educating gamers on the benefits of Web3 te
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers The central bank of the Philippines, the primary regulator of the country’s crypto se
David Attlee46 minutes agoMistake or money laundering? User pays $1.6 million for CrypToadz NFTThe purchase was funded from a digital wallet, which has been a part of the chain of transactions, anonymized by the Ethereum