The DeFi Yield Protocol (DYP) is the primary and solely platform that rewards liquidity suppliers (LPs) straight in ETH. The main DeFi options supplier is delighted to announce that its Buyback program went dwell at 13:00 on Aug 4, 2021 (UTC).
The Buyback is a great contract that integrates staking, permitting buyers on DYP to earn 100% APR on their deposited funds. This newest providing from DYP is obtainable on a number of chains, together with Ethereum, Avalanche community, and Binance Sensible Chain (BSC).
To start out incomes profitable rewards on DYP with the Buyback program, customers should first deposit one of many supported property to the sensible contract.
Supported cryptocurrencies on Ethereum embody stablecoins USDT and USDC, wrapped Bitcoin (WBTC), and wrapped Ethereum (WETH). buyers should purchase these property on Uniswap Dex or centralized exchanges akin to OKEx.
For customers on Avalanche Community, USDT, PNG, WBTC, ETH, and wrapped AVAX (WAVAX) are supported. These property can be found on Pangolin DEX or a number of centralized exchanges.
Lastly, BSC customers can deposit wrapped BNB (WBNB), BUSD, ETH, and BTCB (wrapped BTC on the BSC chain). Once more, these property will be acquired from any centralized change or from Pancakeswap, the main DEX on BSC.
customers can entry the Buyback on the DYP house web page or be part of straight by way of this hyperlink.
Begin Incomes 100% APR On Your Holdings At the moment!
DYP has launched one more superb product that gives buyers with the perfect worth whereas staking their tokens. The Buyback contract mechanically converts all deposited funds into DYP, the native token of the DeFi Yield Protocol. The tokens are then locked right into a staking contract.
The method to start out incomes 100% APR on deposits is simple and simple. Rewards are up to date in real-time and disbursed mechanically to contributors, who’ve the choice to say their rewards day by day.
The Buyback guarantees to be an excellent product that permits crypto fanatics to earn passive earnings on DYP. Customers on the platform may get pleasure from as much as 35% APR by becoming a member of one of many DYP staking swimming pools.
One other easy method for buyers to earn compound rewards on their tokens is thru the DYP Earn Vault. This function provides customers as much as 23% curiosity on their crypto holdings.
Why DeFi Yield Protocol Stands Out
DeFi Yield protocol (DYP) continues to be a trailblazer within the DeFi house with its revolutionary options for staking, yield farming, and extra. The mission seeks to foster DeFi adoption whereas prioritizing equity for customers of all sizes.
DYP has built-in a singular anti-manipulation function that curbs the affect of huge whales on the community by changing rewards into ETH each 24 hours. By denying whales the facility to govern token costs or dump their holdings, the protocol ensures truthful entry to liquidity for all, in addition to DYP token value stability.
The protocol provides 4 distinct staking swimming pools providing month-to-month rewards of 30,000–100,000 DYP relying on the lock interval. To date, 8,645 ETH, 5,876 BNB, and 5,746 AVAX value a staggering $25,316,169 have been paid out to the LPs.
The core product of the protocol is the DYP Instruments which is designed to guard DeFi customers and improve use instances for the DYP token. The dashboard software is filled with quite a few superior options that profit the whole DeFi ecosystem, together with the DYP Locker, Launchpad, Yield Farm Knowledge, and Prime Tokens Web page.
Customers may entry a Decentralized Rating that empowers them to make knowledgeable funding selections to cut back threat and maximize their returns. DYP instruments additionally present a singular voting system that enables the neighborhood to get entangled within the mission’s decision-making course of.
For extra info on the DYP Buyback program or every other merchandise and options, try the assets beneath:
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