Since February 2020, we have seen a steady growth of the blockchain space and, above all, decentralized financing. While DeFi isn’t entirely new, the network’s growth this year is more aggressive than ever before. The distribution of COMP governance token and the introduction of yield farming protocols around June this year have without a doubt made DeFi the most engaging conversation in the blockchain space.

DeFi Yield Protocol (DYP)

Decentralized financing has only grown so much because of the control and convenience it provides to users. Allowing users to take advantage of traditional banking and finance services such as borrowing, borrowing and saving has created an overwhelming sense of confidence in recent months. Even more exciting is that many users are now earning more than 100% of their capital, mainly by providing liquidity through yield farming protocols.

In recent months, we’ve also seen a contrast between different DeFi protocols and what could set a precedent for the longevity of the DeFi ecosystem as a whole. The DeFi yield protocol (DYP) is a unique protocol that allows almost any user to provide liquidity, earn DYP tokens as revenue while maintaining token price. Unlike some DeFi UI, the DYP interface has been quite simplified and can accommodate new and experienced harvest farmers.

Defi Yield Protocol is a huge boost for Yield Farmers and the Defi Space

What makes the DYP Staking Pool unique?

DYP developers have partnered with a blockchain company to develop the unique DYP strike. The DYP strike allows users to deploy dAPP through the Ethereum smart contract which is front-end integrated with Metamask and Trustwallet. By studying some of the flaws of the DeFi ecosystem, DYP aims to address them and provide users with the best experience in open finance.

One of the many arguments against the utility of defi concerns the “whales” that rule the network. One such example is the infamous Sushi dump where the anonymous founder dumped all of his Sushi tokens for ethereum. To avoid a whale attack, DYP has developed an anti-manipulation feature that automatically converts all pool rewards from DYP to ETH every day at 00:00 UTC. The system then distributes the rewards among the liquidity providers. This manipulation feature ensures that the liquidity of the pool is fair to each participant.

Defi Yield Protocol is a huge boost for Yield Farmers and the Defi Space

In addition to preventing whales through the anti-manipulation feature, the smart contract also maintains the DYP token price. If the DYP price fluctuates more than 2.5% in value, instead of exchanging all 276,480 DYP tokens for ETH at 00:00 UTC, the smart contract only trades that many DYP tokens into ETH that does not affect the price of the token. The remaining DYP is then divided into the following day’s rewards. If there are still any leftover DYP tokens, the DYP board will vote whether to distribute them to token holders or burn the tokens from circulation.

The decentralized network is essentially an open space regulated by a smart contract, and the biggest risk in yield farming is still a smart contract bug. To avoid the risk of a smart contract bug on their network, DYP ensures that all their smart contract codes are checked.

DYP Yield Farming and the Ethereum Mining Network

As the Ethereum network continues to increase in size and number, there is a corresponding need for mining on the network. The DYP team has been committed to Ethereum mining for over three years and has invested more than $ 1 million in their mining company. Not only has the team invested heavily in Ethereum mining, but the DYP team has also shown that it is willing to allow many more users Participate.

To reward users, each ethereum miner address that interacts with the DYP smart contract earns a monthly bonus of 10% in DYP of the ETH income earned monthly. What this essentially means is; as ETH price is $ 400 and DYP price is $ 2, if you earn 1ETH monthly you also get 10% monthly airdrop (20 DYP tokens worth $ 40). To claim the airdrop tokens, users have to join their Ethereum mining pool with a 0% fee, which means users will also earn more monthly.

Defi Yield Protocol is a huge boost for Yield Farmers and the Defi Space

DYP also has an automatic earn vault that moves a participant’s money using the best farming strategies. The automatic earn vault distributes 75% of the income among the liquidity providers and 25% to buy back DYP tokens. This ultimately promotes liquidity in the pool and maintains the price of the token.

DYP Crowdsale

When the decentralized financial ecosystem seeks a balance while setting a precedent for its widespread adoption, DYP is actively laying a foundation from its public crowdsale. During the whitelisting and presale round, 570,000 DYP tokens worth 2,821.71 ETH are sold. Enter the public crowdsale at for a chance to participate in this unique protocol

Defi Yield Protocol is a huge boost for Yield Farmers and the Defi Space

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