Defi Yield Protocol (DYP) Integration with BSC in Full Swing While DYP Earn Vault and DYP Tools are live too!

By Crypto Adventure | Crypto Adventure | 17 May 2021

Defi Yield Protocol is a world-class decentralized finance project introduced to provide excellent incomes for its users. Launched just a few months ago, DYP has made great strides in the crypto world, providing even more user opportunities. This platform is available in multiple chains, i.e., ETH and BSC, thus offering excellent services in a highly secure and scalable way.

DYP has its native token DYP, designed to help secure the network. This token currently trades at $1.22, with a market cap of $7.5 million. Accordingly, over $26.5 million worth of assets is now locked in the platform’s liquidity pools for staking.

Currently, this platform has multiple features to ensure that the network participants earn significant income in staking, yield farming, and soon Ethereum mining pools. The gains already generated in the platform prove how promising DYP is.

For instance, according to the platform’s most recent update, the liquidity providers have earned over 8141 ETH and 2900 BNB. DYP leverages both the BSC and ETH networks to provide outstanding services in a secure and scalable way. 

Moreover, recently DYP launched its pools in PancakeSwap, meaning DYP users now have a new opportunity to earn even additional income. According to their recent release, DYP added $510 thousand as liquidity in PancakeSwap. 

Therefore, it’s now possible for users to add liquidity to PancakeSwap pools like DYP/ETH, DYP/BNB and DYP/BUSD and earn either in ETH, BNB and DYP. 

Defi Yield Protocol has tons of features for more convenience and security. 

DYP Providing Utter Convenience and Security 

One of the features defining DYP is the anti-manipulation, where the platform protects its small users from price manipulations that whales may cause. But how does the anti-manipulation feature work?

Every 24 hours, the platform automatically converts all DYP earned into BNB or ETH. Therefore, all the investors in the platform are rewarded in either ETH or BNB. Using Ethereum and BNB to pay rewards helps ensure that whales do not misuse the DYP token to manipulate the market.

Additionally, in case there are some severe price changes, by more than 2.5%, the platform helps protect most of its investor’s wealth. The platform automatically converts the maximum number of DYP possible into ETH while taking care not to affect the prices of DYP in the process. 

The affected tokens will help pay rewards in seven days, after which the platform will decide whether to redistribute the remaining tokens or burn them. 

Additionally, the platform audits all its tools before releasing them to the public to secure investors funds. The anti-manipulation feature and regular audits help protect the network and secure the wealth of its users.  

The platform’s convenience is because it’s available on the Ethereum and Binance smart chain. Moreover, every liquidity pool has multiple staking options depending on the investor’s income needs. The rewards range from 30k DYP to 100k DYP every month.  

DYP Earn Vault and DYP Tools V1 Live too!

Although the Defi yield protocol already has many features, the platform is promising even other tools soon. Already the staking dApp has been functional for months and has been a source of high income for users. Recently, they went live with the Earn vault.

The DYP Earn Vault is a tool developed to enhance the process of earning income in yield farming. This tool is already fully developed and a security audit report is also available. The DYP Earn Vault is an automated yield farming contract with Compound integration and support for ETH, WBTC, USDC, USDT, and DAI markets. The interest from Compound is entirely distributed to the users; from the other strategies, a substantial proportion of the profits (75%) is converted to ETH and distributed to the liquidity providers, whereas the remainder (25%) is used to buy back our protocol token and burn it.

Another featured that went live within the DYP ecosystem recently is DYP tools. The core feature of the DeFi Yield Protocol is going to be the decentralized tool's dashboard (DYP Tools). This will increase the use case for DYP Token, provide a liquidity locker for any DeFi project, and at the same time protect the DeFi community by providing a decentralized trust score for all the DeFi projects.

DYP team envisions a hub for all the DeFi space and processes where all the data is presented in a fully decentralized manner. Some of the main features of this tool are:

  • Uniswap Watchman
  • Pool Explorer
  • Pair Explorer
  • Unique Community Trust Vote System
  • Big Swap Explorer
  • DYP Locker
  • Top Tokens Page
  • Yield FARM Data
  • Account — User Subscription Page and Dashboard
  • LaunchPad for V2
  • Submit Info for new projects
  • Subscription Smart Contract Setup
  • Buy DYP
  • Change Theme
  • Premium Subscription

Other apps with ongoing development include DYP NFT DApp and a new UI design for DYP. After the introduction of the tools, service provision in DYP will be very effective. When DYP launches the new features, it will be a one-stop-shop for Defi and NFT affordable and reliable services. 

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