Quick introduction of DeFi Yield Protocol for the new users

The DeFi Yield Protocol (DYP) is a unique platform that allows virtually any user to provide liquidity, receive rewards in ETH for the first time since DeFi started, and use an anti-manipulation feature to convert the rewards into ETH without overly affecting the price. In other words, any person can provide liquidity and earn ETH with minimum risks. Unlike some DeFi user interface, the DYP interface is quite simplified, accommodating new and expert yield farmers. The core feature of DeFi Yield Protocol is going to be the decentralized tools dashboard…


On the 27th of November, we had the Staking and Governance contracts ready, with 3 days before our deadline. Please visit our Github page if you would like to take a look at the contracts:

https://github.com/dypfinance/DYP-staking-governance-dapp

The staking contract has 1203 code lines, while the governance contract has 482 code lines. We have run tests on Rinkeby network between 18th of November, and 25th of November in order to assure that everything works.

https://rinkeby.etherscan.io/address/0x9194a964a6fae46569b60280c0e715fb780e1011

https://rinkeby.etherscan.io/address/0x495bE5c1348A6b80c0fb38a250f419A551644804

https://rinkeby.etherscan.io/address/0x850942B57DD500b73bBdB9F713789Ca72D10D235

https://rinkeby.etherscan.io/address/0xd3F0dBdd070224C50b533531b44ecBa8fB3bF0e2

We need to focus a lot on security to avoid attacks such as flash loan attacks, a lot of projects suffered from this…


On the 25th of October, we told you that the community response to the launch of the DYP Token Community Crowdsale Whitelist was overwhelming. Since the opening of the whitelisting portal two weeks ago, we have received more than 2,000 individual sign ups with a pledge of more than $7 million. Our crowdsale started on the 26th of October and it is scheduled to end on the 8th of November 1:00 p.m. UTC. We managed to sell 561,246 DYP tokens from the 5,000,000 DYP tokens allocated to the investors and raised 2,782.12 ETH worth $1,240,662.17 at the current ETH market…


The community response to the launch of the DYP Token Community Crowdsale Whitelist has been overwhelming. Since the opening of the whitelisting portal two weeks ago, we have received more than 2,000 individual sign ups with a pledge of more than $7 million.

As DeFi Yield Protocol completes its community Crowdsale whitelist to ensure the maximum transparency over our project, we would like to share with you a review of DYP tokenomics.

DYP Token Distribution Breakdown

30,000,000 DYP have been minted at genesis and will become accessible over the course of 2 years. The 2-year allocation is as follows:

75.30%…


The purpose of this article is to show you why DYP is unique and better than most of the Decentralized Finance (DeFi) projects:

DYP is backed by an Ethereum Mining Farm with a 35 GH/s hash rate. What does this exactly mean? Based on Ethereum mining difficulty and gas price, we earn between 65 ETH — 150 ETH every month. We have invested more than 1 million dollars in our mining farm to ensure that we understand the needs of the community, and we are here for long-term goals. All earnings from our mining activity go to DYP directly. You…


The Bridge will help you swap DYP tokens between Ethereum Network and Binance Smart Chain Network. In this tutorial I will show you the exact steps for swapping DYP tokens from Ethereum Network to Binance Smart Chain Network.

Swap DYP tokens from Ethereum Network to Binance Smart Chain Network:

  1. You need to visit https://bridge.dyp.finance/


Deposit your liquidity provider tokens to receive Ethereum rewards

In order to lower the risk of DYP price volatility, all pool rewards are automatically converted from DYP to ETH by the smart contract, and WETH (Wrapped Ethereum) is distributed as a reward to the liquidity providers.

Maintaining token price stability — every 24 hours, the smart contract will automatically try to convert the DYP rewards to ETH. If the DYP price is affected by more than -2.5%, then the maximum DYP amount that does not affect the price will be swapped to ETH, with the remaining amount distributed in the…


We are happy to release the DYP Lock Smart Contracts and Blockchain Consilium Security Audit report. According to our tokenomics the team members tokens will be vested for 24 months, released monthly. Also, all the tokens that are not currently in circulation (the tokens distributed for the Ethereum mining pool, DYP Earn Vault, etc) are going to be locked on smart contracts and released only on the launch of the Ethereum mining pool. In this case our community can be assured that the team will not control any tokens.

Lock smart contracts are meant to lock DYP Tokens for the…


The DeFi Yield Protocol is developing a unique platform that allows anyone to provide liquidity and to be rewarded for the first time with Ethereum. The main difference between DYP and other staking projects is that we offer a completely different platform with unique features like:

DYP Anti-Manipulation Feature DeFi Yield protocol aims to change the way decentralized finance is perceived by ensuring equity in the control of funds on its platform. A major concern by DeFi critics is that whales have the power to take control of a DeFi network. DYP takes care of this concern by integrating a…


We are pleased to announce that the security audit reports of the staking and governance by PeckShield and Blockchain Consilium are complete and no issues have been found!

We have also integrated our token smart contract and the staking + governance contracts with the CertiK Foundation. They will provide QuickScan and Security Oracle for all of our contracts. Security Oracle is a decentralized risk scoring system for smart contracts and blockchain projects. QuickScan is their proprietary scanning tool which examines each smart contract and returns a security score backed by 5 security services. …

DeFi Yield Protocol

DeFi yield farming with automated vaults combined with Ethereum Mining pool

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store