The Yield Agriculture Agreement DYP has launched the long-awaited DYP tool. DYP Tools V1 is a decentralized tool dashboard whose functional components will increase the use cases of DYP tokens and the entire DeFi ecosystem. The tool dashboard can act as a liquidity locker for any DeFi project and protect the DeFi community by providing a decentralized trust score for all DeFi.
The release of DYP Tools V1 is an important milestone for the good seed farming agreement, and the dashboard tool has a wide range of functions. Some of them include UniSwap Watchman, Pool Explorer, a unique community trust voting system, Big Swap Explorer, DYP Locker, Top Tokens page, Yield Farm Data, etc. Let’s look at some features.
Comprehensive data aggregator
DYP integrates the UniSwap Watchman option, which regularly aggregates data from Uniswap V2 smart contracts. The data will be converted to the correct format and will be stored and sent in the DYP Tools core.
The pool browser is a convenient choice for Uniswap traders, and it displays the latest activity in the pools supported by DEX. It also has filter options that traders can use to check the addition and deletion of pools. Traders can also view the top 10 currency pairs, Coingecko’s ETH price and the latest ETH Gas price.
The “pair” explorer is more specific than the “pool” explorer, and scans the pair’s name and link on UniSwap. Traders can access TradingView charts, cryptocurrency pair prices, liquidity, trading volume and other information. Community trust and voting options are also available, and users can view the last 333 swaps on the trading pair.
In addition, the Big Swap Explorer option provides information about large swaps (swaps exceeding $10,000) on Uniswap. In this way, traders can understand the movements of the whales and learn about potential increases in liquidity or removal from the trading pool. DYP Tools also has a top token page, which displays the top 100 tokens according to preset parameters, including trust score, liquidity amount, quantity and price changes.
Income farmers can also view the latest Farm data by clicking on the top encrypted data aggregator on the “Tools” dashboard.
Decentralized voting options and zero-fee liquidity lockers
DYP Tools also has a unique voting function, which is expected to change the current community trust system in the field of DeFi and encryption. Most common encrypted data aggregators support voting systems that anyone can easily manipulate. Using the DYP tool, a unique community trust voting system, no one can control the voting process of encrypted projects.
DYP has implemented a system where you can vote on projects only if you keep the token in your wallet to achieve a transparent system. All voters need to do is to connect their wallets and press the “like” or “dislike” function. The DYP Tools smart contract checks whether the wallet holds the tokens required for voting. If the token is kept in the wallet, a vote will be made, otherwise, the voter will be prompted that they need to keep the token in order to vote.
The DeFi field is full of new projects that claim to lock in their initial liquidity and eventually extend (remove liquidity), causing the project to collapse. DYP integrates the DYP Locker tool to prevent such operations from happening.
Developers can use the Locker platform to securely lock their pools at zero initial cost. This is the cheapest lock option in the DeFi space and provides a transparent and fair process for new DeFi projects. To create a lock, 1% of liquidity provider tokens will be sent in the form of ETH to buy and lock DYP, which provides the impetus for this process. Once the lock-up period is over, DYP will be sent to the recipient’s wallet along with the unlocked liquidity.
The DYP tool also provides users with the option of submitting new project information to increase their trust. A button for accessing DEX to purchase DYP and exchange tokens, and the user can also change its theme.
The subscription smart contract settings are designed to provide users with advanced features. Users can use this function to purchase DYP, and the smart contract will lock DYP for a certain period of time. Once the DYP token is unlocked, users will switch to the free version.
DYP provides advanced subscriptions for advanced traders and companies. Users need to purchase DYP tokens worth $75 and lock in smart contracts. If DYP is locked, the user can access the paid version, and when unlocking DYP, the whole process will revert to the free version.
Premium subscriptions give users access to manual research on new and old projects, access to new features released on the platform, and guaranteed distribution of new project tokens launched on DYP LaunchPad for resale.
DYP also stated that it will release its LaunchPad in the next few weeks. LaunchPad will provide new token products to the market, and users will be able to participate based on their share balance or DYP Tools Premium subscription.
DYP LaunchPad will provide mandatory smart contract audits from top industry security companies. The KYC of the project team, the liquidity locked through the DYP locker and the team token locked on the vesting contract.
DYP continues to shine in the DeFi field, and the release of DYP Tools V1 is expected to lead to the adoption of DYP tokens and their projects in the crypto space.
To learn more about the DeFi Yield protocol, please click on the link below. www.dyp.finance | Twitter | Discord | telegraph | Github | Moderate
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