The DeFi Yield Protocol (DYP) is a unique blockchain-based on DeFi project. By using the platform, crypto users are offered the ability to provide liquidity and earn rewards in ETH. The platform also uses an anti-manipulation feature to convert DYP rewards into ETH and send them directly to holders’ wallets.
The goal is to make the liquidity protocol sustainable and ensure rewards are generated without excessively affecting the token price. Therefore, users can earn rewards with minimal risks. DYP is different from other DeFi user interfaces, the DYP interface is quite simple which accommodates new and expert yield users.
DYP is Expanding Quickly
The main feature of DeFi Yield Protocol is the dashboard of the platform, which is DYP Tools. It provides a decentralized trust score for all the DeFi projects to increase the use case for DYP tokens, and provide a liquidity locker for any DeFi project, which helps to protect the DeFi community.
Since the launch of the staking dAPP three months ago, the platform has experienced massive growth which has earned 7,064.11 ETH worth around $14 million USD. Meanwhile, the innovative DeFi project’s liquidity from Uniswap has experienced a 20x increase to hit an impressive $19 million.
The latest development for DYP projects is the integration with the Binance Smart Chain by launching a staking and governance dApp for users to provide liquidity on it. The integration is expected to enhance the entire DYP community’s liquidity and pave the way for other developments soon.
The Binance Smart Chain is a blockchain architecture founded by Binance to support developers or users to set up decentralized applications and virtual assets.
If you want to buy the DYP token, it is now available on BSC as well as on Ethereum, opening access to more users to the DYP ecosystem.
Staking Pools Tutorial on Binance Smart Chain (BSC)
At the moment, the DYP protocol has successfully become a part of the Binance Smart Chain with its staking dApp. DYP has…