Site icon Advertisement Shout

DeFi Yield Protocol (DYP) Launches DYP Earn Vault – Sponsored Bitcoin News

The leading agricultural platform DeFi Yield Protocol has launched the highly anticipated DYP Earn Vault. Vault is an automated production agricultural contract fully integrated with Compound Protocol, supporting five markets including ETH, WBTC, USDC, USDT and DAI.

Earn rewards in the DYP earning vault

Users can provide assets to DYP Earn Vault and start to get considerable income from their assets. One of the unique features of Vault is its integration with the Compound protocol. When the user deposits funds in the Vault, the funds will be forwarded to the Compound protocol in exchange for the various cTokens held in the smart contract. The interest generated by the compound is then distributed to investors.

DYP Earn Vault provides different lock-up times for investors in each supported market. Users can lock their tokens for 3, 30, 60 and 90 days, and the average interest increases with the extension of the lock period.

In addition to the interest generated from Compound Protocol, DYP Earn Vault also integrates unique strategies to increase the APY of each market.

  • The withdrawal fee is 0.3%, of which 75% of the withdrawal fee is allocated to active vault users, and the remaining 25% is used to buy back DYP from Uniswap and burn it.
  • Fixed APY between 2.5% and 18%, depending on the lock-in period and the price of DYP on Uniswap
  • The ETH fee converted at the current Gwei price is equivalent to 400,000 gallons of gasoline, of which 75% is allocated to active vault users, and the rest is used to buy back DYP from Uniswap and burn it
  • Investors can reinvest DYP rewards in a fixed interest rate, the fixed interest rate is 35%, and the lock-in period is 4 months

Due to the complexity of smart contracts in the agreement, DYP transaction fees are higher than similar agreements because it finds the best money-making opportunities for users. However, DYP compensates by providing some of the best APY on the market.

For example, using a composite protocol can provide your ETH Vault with an APY of 0.12% and lower transaction fees. DYP Vault can provide higher returns, enabling users to obtain up to 13% of APY investment. If users choose to reinvest their interests on the platform, the annual interest rate of DYP rewards will be increased to 35%.

Therefore, compared with other agreements, you may have to pay slightly higher fees, but compared with DYP, DYP becomes a better agricultural platform per yield, and you can get up to 1000% higher income. DYP Earn Vault makes it easier for investors to obtain these opportunities on a user-friendly platform. Put your tokens on DYP Earn Vault to get the most value.

Started to provide liquidity in DYP Earn Vault

To start providing liquidity and earnings in DYP Earn Vault, you must visit Safe deposit box application. After entering the Vault application, you will need to connect a wallet (preferably a MetaMask wallet) to Vault. Then, you can choose from five vault markets (WETH, WBTC, USDT, USDC, DAI).

Each market has four equity option periods (3, 30, 60, and 90 days) and APY (3%, 8%, 11%, and 13%). The user can then select the number of tokens to be locked and confirm the transaction.

With the help of DYP Earn Vault, users can rest assured to use the latest security mechanism to protect the safety of funds.For more detailed information on how to use DYP Earn Vault, please click Here.

More development of the DYP ecosystem

DYP continues to stand out as one of the most productive planting agreements on the market. It recently expanded its range of functions by issuing tokens on Binance Smart Chain, thereby providing users of the fast-growing blockchain network with opportunities for good seed farming.

DeFi users can also take advantage of DYP bridge Support the exchange between Ethereum and Binance smart chain network. The exchange bridge is the first exchange bridge in the DeFi ecosystem, continuing DYP’s quest to become a major player in the cryptocurrency field.

It is worth noting that in just 4 months, the liquidity provider has earned a total of 7,892 ETH and 1,858 BNB from DYP agricultural tools on the Ethereum and BSC blockchains, valued at $22,950,768.

The release of DYP Earn Vault follows the development roadmap of the DeFi protocol and the highly anticipated DYP tool. This is the next product to be released in the second quarter of 2021. DYPTools is a dashboard that enables traders and DeFi users to use tools to ensure well-informed investments.

This is a sponsored post. Learn how to attract an audience here. Read the disclaimer below.

Picture Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for reference only. It is not a direct offer or solicitation of an offer, nor is it a recommendation or endorsement of any product, service or company. does not provide investment, tax, legal or accounting advice. The company or the author shall not bear any direct or indirect responsibility for any damage or loss caused or allegedly caused by using or relying on any content, goods or services mentioned in this article or related thereto.

Exit mobile version