The DeFi Yield Protocol (DYP) launched its DAPP for stakeout and governance, designed to improve the way users earn money. A unique feature of the launch is that liquidity providers in Ethereum are rewarded and all liquidity pools come with anti-tampering features and a 2.5% slip.
DYP owners who can vote on governance
If you hold DYP, you can use DYP governance and vote to add additional liquidity mining pools, burn tokens, or allocate DYP for grants, strategic partnerships, governance initiatives, and other programs.
To join governance, all you have to do is link your Metamask wallet to the DYP smart contract and you will be eligible to vote and receive rewards.
Unique setting out platform with anti-manipulation functions
DYP has also launched its staking pool platform, with which anyone can provide liquidity and be rewarded with Ethereum and DYP tokens. The staking platform is designed in such a way that the price stability of the token is maintained and at the same time a secure and simplified platform is offered through the integration of a manipulation protection function.
In order to reduce the risk of DYP price volatility, all pool rewards are automatically converted from DYP to Ether (ETH) every day at 00:00 UTC through the smart contract and the ETH is distributed to the liquidity providers as a reward.
DYP developed a process to maintain token price stability. Every day the smart contract automatically tries to convert the DYP rewards into 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 spread across the next day’s rewards.
After seven days, the DeFi Yield Log will vote on whether to distribute the remaining tokens to holders or withdraw the tokens if the DYP rewards have not yet been distributed. Thus, the protocol can mitigate inflation and maintain the price of DYP tokens.
To provide liquidity and earn ETH rewards, you need to deposit your liquidity provider tokens (Uniswap LP tokens) into the appropriate initial list of pools: DYP-ETH, DYP-WBTC, DYP-USDC and DYP-USDT.
Each pool has four different stakeout options with rewards ranging from DYP 30,000 to DYP 100,000 per month. This depends on the blocking period, which ranges from a minimum of three days up to 90 days.
Via the DeFi Yield Protocol
The DeFi Yield Protocol is a decentralized financial protocol that aims to deliver impressive returns to users while reducing the risk associated with risk farming. This is achieved through anti-tampering which ensures that all pools are protected from whale tampering.
Pool greetings are automatically switched 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 suit all participants. No whale will be able to manipulate the price of DYP to their advantage.
DYP Finance offers a utility token that users can use to interact with the functions of the DYP smart contract. Ethereum miners can join the DYP mining pool and are rewarded monthly with a 10% bonus from the monthly ETH income of the pool.
To learn more about the DeFi Yield Protocol, follow the links below. www.dyp.finance | Twitter | Discord | Telegram | Github | medium
This is a sponsored post. Find out how to reach our audience here. Read the following disclaimer.
Photo credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to make an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.
