VALLETTA, Malta, April 8, 2021 (GLOBE NEWSWIRE) – DYP Finance introduces a bridge between Binance Smart Network and its host protocol, the Ethereum network. The protocol has reached a great length in transforming the DeFi space for more secure options for users in a short time.
DYP has caught the attention of cryptocurrency enthusiasts as a protocol that provides liquidity, allowing anyone to participate in the process and receive their Ethereum rewards for the first time. It also offers lucrative returns of up to 269% per annum on its pools.
Plus, its anti-manipulation feature adds weight to its unique storytelling, offering more confidence in decentralized finance. The protocol directly converts its DYP tokens into ETH rewards with minimal price changes.
The overgrowth he has seen so far is just starting to develop as the protocol prepares to be revealed new tools for all users. It now boasts over $ 19 million liquidity on Uniswap and continues to grow, trending up to 20x since its launch.
In other sectors, the protocol has allocated over $ 14.87 million in Ethereum to liquidity providers (LPs) for a total of around 7,139 ETH.
Its integration with BSC is another step in the right direction of growth and more user support as it increases DYP’s liquidity. It is also the path to more developments on its roadmap for the near future.
How users will benefit from Binance’s smart network
At the moment, DYP is a convenient protocol with a simplified user interface to support new LPs on the platform. This factor differs from many DeFi protocols in today’s crypto market, which are only suitable for professional DeFi users.
By adding $ 510,000 in liquidity to Pancake, users can now use DYP / ETH, DYP / BUSD and DYP / BNB pools in the protocol. LPs can also choose between three awards: BNB, ETH or DYP.
The main purpose of DYP at BSC is protocol rate program and dApp control application. DYP smart contract on BSC: 0x961c8c0b1aad0c0b10a51fef6a867e3091bcef17.
The contract will help to exchange DYP for BNB in order to reduce risks for all LPs receiving remuneration from BSC. In addition, the DeFi Yield Protocol will convert all DYP rewards from liquidity pools to BNB every 24 hours to reduce price volatility…
It is worth noting that if the DYP price is affected by more than -2.5%, then the protocol converts the maximum number of tokens that do not affect the price into BNB. In such circumstances, the protocol will distribute the remaining awards the next day.
Depending on whether all rewards are distributed within 7 days or not, management will vote to either issue the remaining rewards to token holders or burn them.
Start providing liquidity as LP to BSC
To start providing liquidity and receiving rewards, you need to purchase and deposit PancakeSwap liquidity tokens into the appropriate pools.
Then you can choose from four different rates ranging from 30,000 DYP to 100,000 DYP. Pool betting periods range from 3 to 90 days for any liquidity provider. You need to wait until the end of the betting period before withdrawing your funds in order to receive your reward.
Users can rest easy as DYP provides detailed guidance on how to use the bridge between its protocol and BSC. For more information click here…
Taking advantage of DYP
In addition to being able to bet and make money on the protocol, DYP continues to support its community’s contributions to its progress. In this case, he has the rights to govern in accordance with high standards, and the holders of DYP tokens are able to vote on important decisions on the platform.
DeFi users can now purchase their DYPs on the platform or exchange ETH for tokens to earn an exciting position in the management team. All you have to do is take the next step and get to the platform to To learn more what it has to offer and start making money today!
Media contacts –
Contact Person: Teki Kolaneci – Digital Strategy Manager
Company name: DYP FInance
Address: Malta, Valletta
Email: [email protected]
Website URL: https://dyp.finance
SOURCE: DYP Finance
A photograph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4c6ac95-fa0a-4722-ae22-0d582f49ebdc.