Staking, Farming, and Buyback V2 is LIVE on Ethereum
We are excited to announce that the new pools for staking, buyback, and farming have been launched on Ethereum. All the users are now able to earn up to 200% APY if they are using the staking pools, up to 150% APY if they are using the buyback pools, and up to 2000% APY if they are using the farming pools.
Some quick info:
- We have added $400,000 USD worth of liquidity for iDYP-ETH to Uniswap
- No more #DYP tokens dedicated to farming, staking, and buyback pools
- Putting constant buying pressure on #DYP tokens for each deposit for the farm, stake, and buyback contracts
Deposit WETH, WBTC, USDC, USDT, DAI, or LINK, and earn up to 150% APY in DYP. To start earning, all you need is to deposit one of the supported assets into the Buyback contract. Then, all assets will automatically be converted into DYP + iDYP and deposited into a staking contract. You can choose from two different options, with rewards starting from 50% APY up to 150% APY, depending on the lock time from a minimum of zero-days up to a maximum of 90 days.
The rewards are distributed automatically and can be claimed every day. When you withdraw you will receive all the deposited amounts in DYP.
Consider a scenario wherein you deposit USDC $1000. The smart contract will buy iDYP worth USDC $750 and DYP worth USDC $250. All the rewards are paid in DYP, the DYP is market bought from Uniswap when you claim your rewards, that means constant buying pressure for the DYP tokens. When your lock time expires and you withdraw your funds, you will receive all the deposited amounts in DYP.
How to migrate from the V1 Pools?
You will need to remove your liquidity and get back your deposited assets. That means you will have DYP tokens and ETH, WBTC, USDC, or USDT. You can use the DYP tokens to join staking, and your other asset (ETH, WBTC, USDC, or USDT) to join farming. In this way you maximize your yield rewards!
Automatically adds liquidity to Uniswap & deposit to Staking contract using one asset. To start earning, all you need is to deposit one of the supported assets (WETH, WBTC, USDC, USDT, DAI, LINK, or iDYP) and earn WETH/USDT + DYP as rewards.
All pool rewards are automatically converted from iDYP to WETH by the smart contract, decreasing the risk of iDYP price volatility. ETH/USDT + DYP is a double reward to the liquidity providers. The users can choose between two different types of rewards: WETH or USDT. Maintaining token price stability — every 24 hours, the smart contract will automatically try converting the iDYP rewards to WETH. If the iDYP price is affected by more than 2.5%, then the maximum iDYP amount not influencing the price will be swapped to WETH, with the remaining amount distributed in the next day’s rewards. After seven days, if we still have undistributed iDYP rewards, the DeFi Yield Protocol governance will vote on whether the remaining iDYP will be distributed to the token holders or burned (all burned tokens are out of circulation).
You will receive the total amount in the initial deposit asset + 25% DYP with withdrawal by burning LP tokens when you unstake.
Consider a scenario wherein you deposit WETH worth $1000. The smart contract will do all the work for you, that means you no longer need to manually add liquidity to Uniswap if you join farming. You just need to complete two transactions on our dApp: approve & deposit; and all the work is done automatically by the smart contract. In our case, the smart contract will split the WETH worth $1000 in two parts: WETH worth $750 is added to Uniswap ETH/iDYP LP and WETH worth $250 is sent to DYP Staking with up to 200% APY. By adding these new strategies, we maximize the yield farming rewards for the users, minimize the impermanent loss, put constant buying pressure for the DYP tokens, and make the farming process much easier and smoother.
WETH/USDT + DYP is a double reward to the liquidity providers, what does it mean? It means that for the WETH worth $750 deposit that has been used to add liquidity to Uniswap, the users will be able to earn WETH or USDT. For the rest of the deposit WETH worth $250, the users will earn DYP tokens. That means all the users (it doesn’t matter if they claim the rewards as WETH or USDT) will also get extra DYP tokens as rewards that are bought from Uniswap. Again, we will have constant buying pressure for the DYP tokens.
When you withdraw your deposit, you will receive 75% of your amount in the initial deposit asset (WETH) and 25% in DYP.
Stake your DYP tokens and earn up to 200% APY. No Impermanent Loss.
To start earning, all you need is to deposit DYP tokens into the Staking contract. You can choose from two different staking options, with rewards starting from 75% APY up to 200% APY, depending on the lock time from a minimum of zero-days up to a maximum of 90 days.
The staking pools have the REINVEST function integrated, meaning that you can automatically add your daily rewards to the staking pool. Moreover, the DYP Referral is available. If you refer DYP to your friends, 5% of your friends’ rewards will automatically be sent to you whenever your friends stake DYP. You do not need to stake, it will’ be automatically sent to you, free of gas fee.
What’s coming next?
- NFTs Dapp V2 on Avalanche and Binance Smart Chain
- LaunchPad for high-quality projects from Ethereum, Binance Smart Chain, and Avalanche
- New UI/UX design for all the Dapps
About DeFi Yield Protocol
The DeFi Yield Protocol (DYP) is a unique platform offering solutions for yield farming, staking, NFTs, and enabling users to leverage the advanced trading tools of the DYP. What makes the DYP a unique yield farming aggregator?
The DYP has made history in the DeFi space by becoming the first and only protocol to reward users in Ethereum. The protocol employs an anti-manipulation feature, aiming to limit the market impact on users’ converting rewards into ETH and other native platform tokens.
Anti-manipulation targets to keep stability, fair access to liquidity, and supply a secure and simplified DeFi platform for users of all sizes.
The central feature of the DYP is the decentralized tool dashboard. It provides advanced features, including Decentralized Score, Unique Community Trust Vote System, DYP Locker, Yield Farm Data, and LaunchPad, allowing investors to make informed decisions, which maximize yields and reduce risks.