DeFi Yield Protocol Community Crowdsale Update

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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% to DeFi Yield Protocol community members: 22,588,800 DYP, the allocation is as follows:
16,588,800 DYP will be distributed for the DYP liquidity-mining pool rewards
5,000,000 DYP will be distributed to the Ethereum mining pool
1,000,000 DYP locked for one year to Uniswap liquidity on token launch

8.03% will be distributed to team members and future employees: 2,411,200 DYP vested for 24 months, released monthly

16.67% will be distributed to investors: 5,000,000 DYP

Here are the details of the DeFi Yield Protocol public sale rounds starting on October 26:

The DYP Community Crowdsale will consist of 4 rounds with different prices ranging from $2.00 to $2.50 to allow more community members to participate in the sale. There is no specific time limit set between each round. When the first round is sold out, the second round will begin immediately. This strategy will enable a more decentralized distribution of the DYP token and help support the ecosystem’s growth in the long term.

Round 1: 0 DYP — 2,000,000 DYP
1 DYP = $2.00

— — — — — — — — — — — — — — — — — — — — — — — — — —

Round 2: 2,000,001 DYP — 3,000,000 DYP
1 DYP = $2.15

— — — — — — — — — — — — — — — — — — — — — — — — — —

Round 3: 3,000,001 DYP — 4,000,000 DYP
1 DYP = $2.30

— — — — — — — — — — — — — — — — — — — — — — — — — —

Round 4: 4,000,001 DYP — 5,000,000 DYP
1 DYP = $2.50

— — — — — — — — — — — — — — — — — — — — — — — — — —

The minimum and maximum contributions to participate in DYP public sale are set at 0.5 ETH and 100 ETH, respectively.

All the DYP tokens will be transferred immediately after your contribution.

Start Date for the Whitelisted participants: October 26, 2020, 1:00 p.m. UTC

Start Date for the public rounds: October 26, 2020, 7:00 p.m. UTC

End Date: November 08, 2020, 1:00 p.m. UTC

Upon the end of all public-sale rounds, a total of $2,500,000 and 1,000,000 DYP will be added for liquidity on Uniswap. This liquidity will be locked for one year.

Uniswap listing price: $2.50

IMPORTANT: The Stake (DYP liquidity mining) and the vote (DYP governance) will be launched with the Uniswap listing, which means you will be able to stake your DYP and earn ETH rewards from the first day of the listing!

Note: Any leftover supply from the public sale will be burned.

After the Crowdsale ends, we will host a $50,000 Giveaway in ETH for holders who owns minimum 100 DYP.

On October 26, 2020, at 1:00 p.m. UTC, the DYP-Crowdsale smart contract address will be made public for the users who have completed the whitelist form. The DYP-Crowdsale smart contract address will be available on the DeFi Yield Protocol website, official telegram announcements channel, and discord 6 hours later.

DeFi Yield Protocol’s team is grateful to our community for their unfailing support. After the whitelist ends, we will make more announcements tomorrow. So, be sure to follow us on Medium and Telegram announcement channel to stay up to date!

About DeFi Yield Protocol

DYP is fully 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 67 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 can check the following Ethereum Miner address to ensure that DYP token (DYP token contract 0x961C8c0B1aaD0c0b10a51FeF6a867E3091BCef17) was created by us: https://ethminer.dyp.finance/. Although DeFi stands for decentralized finance, we chose to create DYP contract with our Ethereum Miner address to share some information about us with our community.

DeFi Yield protocol (DYP) is changing the way you earn through liquidity on Ethereum smart contract. The argument against DeFi is that whales have the power to control the network. DeFi Yield protocol (DYP) prevents the whale advantage in DeFi. DYP anti-manipulation feature ensures that all pool (DYP/ETH, DYP/USDC, DYP/USDT, and DYP/WBTC POOL) rewards are automatically converted from DYP to ETH at 00:00 UTC, and the system automatically distributes the rewards to the liquidity providers. This feature is excellent because the network’s liquidity will be fair to all participants; no whale will be able to manipulate the price of DYP to their advantage.

💡 Quick Fact 💡

Every day at 00:00 UTC, the smart contract will automatically try to convert 276,480 DYP (69,120 DYP reward per day, per DYP pool mentioned above) 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 next day’s rewards. After seven days, if there are still undistributed DYP rewards, the DeFi Yield protocol (DYP) governance will vote on whether the remaining DYP will be distributed to the token holders or burned removes them from circulation.

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DeFi yield farming with automated vaults combined with Ethereum Mining pool

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