Introduction
DeFi Yield Protocol (DYP) is a fast-expanding ecosystem of decentralized applications. This unique platform aims to reduce the risks of yield farming and provide advanced trading tools. Since its inception, DYP has added staking, NFTs, and key blockchain integrations in less than a year. And today, it is one of the most promising DeFi projects in the industry.
DYP has already made history by being the first DeFi protocol to reward users in ETH and BNB. But that’s not enough for this trendsetting platform and its ambitious development team. According to its roadmap, more innovations are right around the corner. One of them is the DYP AVAX Bridge, which will help users swap DYP tokens between Ethereum Network and Avalanche Network.
As DeFi Yield Protocol continues its groundbreaking journey, we take a closer look under its hood. Read on to discover what DYP is, how it works, and why you should give it a try!
Highlights of deFi Yield Protocol (DYP)
The name of the project says it all, as I said above, DeFi Yield Protocol is a place where many ways for you to make a profit. These forms are all common activities in DeFi, such as Staking, Farming,…
Most of these ways revolve around the project’s token – DYP. For example, in the Stakes feature, you can choose the DYP Stakes in fixed timelines: 30 days, 60 days,…
The interesting feature of DeFi Yield Protocol is that the project provides a Dashboard, where you can implement a lot of features around liquidity pools such as looking up history, adding, withdrawing liquidity,…
Users don’t need to go to CoinGecko, or Uniswap, to both look up and trade, but only through the Dashboard of the DeFi Yield Protocol.
Current features of deFi Yield Protocol include:
- Uniswap Watchman: Compile data from uniswap V2 smart contracts (later V3) periodically and convert data in the appropriate format, while processing the safe sending and storage in the DYP Tool core.
- Pool Explorer: Look up Pool information such as Etherscan, CoinGecko, CoinMarketCap link, price, date of creation pool,…
- Pair Explorer: Displays the latest 333 Swap orders, Volume, Tradingview chart,…
- Unique Community Trust Vote System: Vote like/dislike for Pool, need to keep the DYP token.
- Big Swap Explorer: Display the latest major deals on Uniswap with Pool information, Swap information, price information and Pair Explorer information (value> $10k).
- DYP Locker: To lock liquidity, 0.1% of the liquidity value will be converted into ETH to buy DYP and lock it down. Once unlocked, DYP will be paid and you can sell DYP.
- Top Tokens Page: Display the top 100 token pages based on a combination of trust points, liquidity amounts, volume, price, and price changes.
- Yield FARM Data: Display farm data at the AMM, Lending from cryptocurrency data aggregators.
- Account — User Subscription Page and Dashboard: Sign up, sign up to use features like favorite voting, or other early access features.
- LaunchPad for V2: The funding platform, which will appear in deFi Yield Protocol V2.
- …
In the NFT segment, DeFi Yield Protocol also has an NFT Marketplace, which sells NFTs through DYP.
Details about DYP Token
DYP Key Metrics
- Token Name: DeFi Yield Protocol
- Ticker: DYP
- Blockchain: Ethereum
- Token Standard: ERC-20
- Contract: 0x961C8c0B1aaD0c0b10a51FeF6a867E3091BCef17
- Token Type: Utility, Governance
- Total Supply: 30,000,000 DYP
- Circulating Supply: 11,003,258 DYP
DYP Token Allocation
- Community: 75.3%
- Investors: 16.7%
- Team: 8%
DYP Token Sale
Updating…
DYP Token Release Schedule
Updating…
DYP Token Use Case
DYP tokens are used to:
- Administer.
- Rewards for farming, referrals,…
- Boostrap liquidity in Uniswap.
- Staking.
How to Earn and Own DYP Tokens
Users can earn DYP through providing liquidity to DYP on Uniswap V2, or can buy DYP on the exchange.
Roadmap & Updates
Q1 2021
- Launched the DYP Stakes.
- Launch of Smart Contract for Liquidity Mining pools on Binance Smart Chain.
- Launch of DYP Earn Vault.
- Build DYP Tools.
- Bridge launch aims to Swap DYP between BSC and ETH.
- Expand partners.
- DYP Apps Development.
Q2 – Q4 2021
- Launch new UI for web and app.
- Launch of DYP NFT dApp v1.0
- Yield Farming on Avalanche.
- Launch of Bridge to Swap DYP between AVAX and ETH.
- Integrated Chainlink Price Feeds
- Build DYP Launchpad with DYP Tools on Ethereum.
- Build DYP Tools on Avalanch.
- Build DYP Launchpad with DYP Tools on Avalanche.
- Build the DYP NFT Marketplace on the Avalanche
- Build DYP Tools on Binance Smart Chain
- Build DYP Launchpad with DYP Tools on Binance Smart Chain.
- Build the DYP NFT Marketplace on binance smart chain.
- Building Ethereum Mining Pool & Yield Farming forminers
- Launch of DYP Lending
- Migration from Uniswap
- Launch of DEX with Yield Farming, Staking, Lending, Cross-chain,…
- Built-in insurance for all DYP liquidity providers.
Project team, investors & partners
Project team
Updating…
Investors
Updating…
Partner
- ChanlinkOracle’s leading project today.
- DeFi Yield Protocol Partners With KyberDMM
Read more: What is DeFi? Decentralized Finance Overview
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