Press release. The DeFi Revenue Protocol (DYP) is a decentralized revenue agriculture platform that enables liquidity providers to receive rewards in Ethereum and its local token, DYP. It provides investors with a variety of income options while maintaining the complete decentralization of its platform, thereby providing solutions for income agriculture.
DYP users can take advantage of the anti-manipulation function, which ensures the control of token fluctuations and prevents whales from taking over its token price mechanism (DYP).
Obtain huge profit potential through mortgage pool
Since its launch in 2020, DYP has attracted widespread attention. The Single-Yield Agriculture Agreement launched its equity pool in December, and liquidity providers have reaped substantial returns from their shares.
As of February 3, 2021, DYP smart contracts have valued more than $63 million in cryptocurrency assets, making it one of the fastest-growing agricultural platforms for yields. Since its launch, DYP has distributed more than 2,575 ETH worth approximately US$4,206,003.
The defi platform distributes an average of 106 ETH (US$170,000) in rewards to liquidity providers every day. This and other basic principles attract farmers with working capital to join the platform. The aforementioned anti-manipulation function is essential because it can ensure that dividends distributed to liquidity providers are fair and transparent.
The anti-manipulation function integrated into the DYP smart contract converts all DYP rewards generated from the mortgage pool every day into Ethereum, which is distributed to liquidity providers at 00:00 every day. This is important because users will be rewarded in Ethereum, which is less volatile than the native DYP token.
DYP also integrates internal mechanisms to curb inflation. If the price of DYP fluctuates more than 2.5%, the smart contract will generate the maximum amount of DYP that does not affect the price. When remaining, the remaining rewards will be locked and distributed as part of the rewards for the next day. At the end of the 7 days, if there are still surplus rewards, the community will hold a management vote to determine whether to burn tokens or distribute tokens.
How to make money on DYP
Users can start to provide their liquidity tokens from Uniswap (Uniswap LP token) to the corresponding pool list. DYP currently has Four liquidity pools Supported DYP-ETH, DYP-WBTC, DYP-USDC and DYP-USDT.
Each pool provides four different betting options, depending on the lock-up period (3 days to 90 days), with monthly rewards of 30,000 DYP to 100,000 DYP. Dividends are paid directly to the user’s wallet, and investors can earn income from their assets. Currently, the APY of the DYP equity pool is between 248% and 692%.
dApp agriculture platform brings more profit potential
DYP continues to expand revenue generation opportunities within its ecosystem and recently launched Agriculture dApp Provide investors with fixed rewards. The staking platform provides investors with the opportunity to stake DYP tokens with a fixed proportion of rewards.
The income is based on the locked time period, and users can stake their DYP tokens (from 30 days to 120 days). DYP further shows that locking DYP tokens for 30 days can attract 20 APR, while tokens locked for 120 days can get up to 35% of tokens. The newly launched agricultural dApp also integrates a recommendation system, which can provide a reward for recommending 5% of the shares held by friends.
Since the launch of the agricultural dApp, DYP token holders have invested more than $1 million in the equity pool.
The DYP ecosystem is expected to expand in 2021
The DYP development team continues to develop products that are expected to be launched before the end of the first quarter of this year. DYP Earn Vault is in the final stages of development, and it will provide automatic income for stakeholders. The vault is expected to support Ethereum, parcel Bitcoin and stablecoins.
DYP is also developing a tool dashboard, which will change its ecosystem. The DYP tool will have a trust score that will rate the defi items listed on Uniswap based on multiple parameters. Traders and investors will be able to analyze projects and make wise investment decisions.
To learn more about the DeFi Yield protocol, please visit the following link: www.dyp.finance | Twitter | Discord | Telegram | Github | Moderate
This is a press release. Readers should make due efforts before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com does not assume any direct or indirect responsibility for any loss or loss caused or allegedly caused by the use or reliance on any content, goods or services mentioned in the press release or related thereto.
Picture Credits: Shutterstock, Pixabay, Wiki Commons