About DeFi Yield Protocol
DeFi Yield Protocol (DYP) will provide a solution to the risk Yield Farming brought in. How? – The DYP is developing a platform that allows anyone to provide liquidity and to be rewarded for the first time with Ethereum. At the same time, the platform maintains both token price stability as well as secure and simplified DeFi for end users by integrating a DYP anti-manipulation feature.
DeFi Yield protocol (DYP) is changing the way you earn through liquidity on Ethereum smart contract. The argument against DeFi is that whales have the power to control the network. DeFi Yield protocol (DYP) prevents the whale advantage in DeFi.
DeFi Yield Protocol anti-manipulation feature ensures that all pool rewards 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.
Quick Fact About DeFi Yield Protocol
|DEFI Coin Name||DeFi Yield Protocol|
|Circulating Supply||7,409,772.13 DYP|
|Source||Click Here To View Source|
|Explorers||Click Here To Visit|
|Twitter Group||Click Here To Visit Twitter Group|
|Documentation||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How will this work?
DeFi Yield protocol (DYP) aims to change the way users earn through liquidity on Ethereum smart contract. The argument against DeFi is that whales have the power to control the network. DeFi Yield protocol (DYP) prevents the whale advantage in DeFi. DYP anti-manipulation feature ensures that all pool (DYP/ETH, DYP/USDC, DYP/USDT, and DYP/WBTC POOL) rewards are automatically converted from DYP to ETH at 00:00 UTC, and the system automatically distributes the rewards to the liquidity providers.
Every day at 00:00 UTC, the smart contract will automatically try to convert the DYP rewards to ETH. If the DYP price is affected by more than -2.5%, then 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 there are still undistributed DYP rewards, the DeFi Yield protocol (DYP) governance will vote on whether the remaining DYP will be distributed to the token holders or burned (all burned tokens are removed from circulation).
Maximize your Yield Farming Rewards!
Deposit your liquidity provider tokens to receive ETH/BNB/DYP as rewards. In order to lower the risk of DeFi Yield Protocol price volatility, all pool rewards are automatically converted from DYP to ETH/BNB by the smart contract, and ETH/BNB/DYP is distributed as a reward to the liquidity providers.
The users can choose between three different type of rewards: ETH, BNB, or DYP.
Earn Ethereum with DeFi Yield Protocol
The (DYP) is a unique platform that allows virtually any user to provide liquidity, receive rewards in ETH for the first time since DeFi started, and use an anti-manipulation feature to convert the rewards into ETH without overly affecting the price. The core feature of DeFi Yield Protocol is the decentralized tools dashboard (DYP Tools).
DeFi Yield Protocol DYP Tools V1 Launch
They are happy to announce the full launch of the DYP Tools V1 decentralized application! The core feature of is going to be the decentralized tools 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….
Want to get involved or learn more? DeFi Yield Protocol is an open-source ecosystem that provides unique features for yield farming and staking. Through DYP Tools they aim to protect the DeFi community and process all the data in a fully decentralized manner.
Supplying Assets to the DeFi Yield Protocol Earn Vault
The DYP Earn Vault is an automated yield farming contract with Compound Protocol integration and support for ETH, WBTC, USDC, USDT, and DAI markets. When users and applications supply an asset to the DYP Earn Vault, they begin earning a variable interest rate instantly….
Defi Yield Protocol Smart Contracts Audit
Hi, it is a pleasure to have you with us! Here, at Defi Yield Protocol, they unquestionably value your security. Thus, to avoid any plausible vulnerability in the development of smart contracts, they have requested services from three reputable security audit companies. They have chosen Blockchain Consilium, Certik, and Peckshield (also, heartiest thank you, in this way!). In addition, all our smart contracts are monitored 24/7 through a Security Oracle, powered by Certik.
DeFi Yield Protocol tokens represent voting shares in DeFi Yield protocol governance. The introduction of DYP tokens serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol toward the future.
DYP holders through governance can vote to add more pools, burn tokens, or allocate DYP toward grants, strategic partnerships, governance initiatives, and other programs.
DYP Earn Vault
The 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 the protocol token and burn it.
Should you refer DeFi Yield Protocol to your friends, 5% of your friends rewards will be automatically sent to you whenever your friends stake DYP. You do not need to stake, it’s automatically sent to you, free of gas fee.
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