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https://ift.tt/3sFiWJj Yield Protocol DYP Launches Pools on Ethereum, Other Blockchains

DeFi Yield Protocol DYP Launches Pools on Ethereum, Other Blockchains

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On December 27, the yield farming aggregator platform “DeFi yield protocol” DYP launched its updated buyback, farming, and staking pools. Such pools now live across multiple chains including Ethereum, Avalanche, and Binance Smart Chain (BSC).

DeFi
 
 yield 
Yield
A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income, etc.Understanding Yields in FinanceAt any point in time, all financial instruments compete with each other in a given marketplace. Analyzing yields is simply one metric and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. Conversely, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also dictated by expectations of inflation. Indeed, fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Overall, long dated instruments typically have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. Consequently, the more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk.
A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income, etc.Understanding Yields in FinanceAt any point in time, all financial instruments compete with each other in a given marketplace. Analyzing yields is simply one metric and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. Conversely, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also dictated by expectations of inflation. Indeed, fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Overall, long dated instruments typically have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. Consequently, the more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk.
 Read this Term protocol DYP provides various DeFi instruments to investors, thus allowing them to earn rewards for their contributions to the network. DYP’s products available on the Ethereum, Avalanche, and BSC chains include buyback, staking, and yield farming.

Ethereum’s buyback pool allows investors to earn up to 350% annual percentage yield in DYP platform, by staking cryptocurrencies such as WETH, WBTC, USDC, USDT, DAI, or LINK.

Avalanche’s buyback pool allows holders to earn up to 145% APY by staking crypto coins like WAVAX, USDC.e, USDT.e, WETH.e, PNG, QI, DAI.e, XAVA, WBTC.e, or LINK.

Finally, the BSC buyback pool enables investors to earn up to 100% annual percentage yield by staking crypto tokens such as BNB, BTCB, ETH, BUSD, or CAKE.

Once users deposit coins into these pools, their funds are converted into a mixture of DYP and iDYP tokens, and put into a staking contract. Rewards vary from 30% to 350% annual percentage yield depending on the chain selected and the length of time chosen to lock up these tokens, normally a minimum of three days to a maximum of 90 days. All rewards are withdrawn in DYP tokens.

On the DYP platform, users can stake their liquidity provider tokens into any of the three pools and get rewards. Investors can stake their tokens on the Avalanche chain within the DYP platform and earn up to 130% APY. They can also stake their coins on the Ethereum chain and earn up to 550% annual percentage yield, and also on the BSC chain and earn up to 50% APY. So, it is upon users to decide on which chain to choose to get maximum rewards. They can invest their tokens for a longer period of time in order to get the best rates. They can choose different staking options within each pool to get a reward from 30,000 DYP to 100,000 DYP per month. The flexible staking options on the DYP platform allow investors to lock their funds from a specific period of time.

Besides that, the DYP Farming pools allow users to lock the funds for a period of one month to four months to earn rewards. Users can deposit tokens on the Ethereum chain within the DYP platform and earn cryptocurrencies such as ETH, WBTC, USDC, or USDT as rewards. While BSC’s farming pool accepts crypto coins like WBNB, BTCB, ETH, BUSD, or CAKE, Avalanche’s farming pool accepts AVAX. The returns for investing in the Ethereum, Avalanche, and BSC farming pools begin from 20% APR to 350% APR, depending on the pools that investors choose. Such rewards can be reinvested within the DYP platform using an inbuilt feature for improved returns.

Since the launch of the staking, farming, and buyback products, the DYP platform has gained popularity from the crypto community. Within one week, DYP’s staking, farming, and buyback pools have accumulated more than $90 million in deposits. DYP rewarded its investors with 9,032 ETH, 7,997 BNB, and 15,867 AVAX, which totaled $44,149,334 in tokens during that time.

DYP incorporated an anti-manipulation feature on its platform to make the protocol stand out from the rest. The manipulation feature ensures that the network’s liquidity is always fair to all participants, by preventing whales – those with more tokens or resources – from influencing the price of DYP token to their advantage. The DYP platform achieves this by automatically converting DPY reward generated by the buyback, farming, and staking pools to ETH every day at 00:00 UTC before distributing it among liquidity providers.

Yield Farming In DeFi

The announcement by DYP platform to have launched its buyback, farming, and
 
 staking 
Staking
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters.
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters.
 Read this Term pools comes at a time when yield farming in decentralized finance has become one of the major trends in 2021, thus providing investors with a better opportunity to increase their income-generating activities. About $1.9 billion are currently locked in DeFi, which is evidence showing that crypto owners are adding increasing and more value to work on DeFi applications. DeFi applications have helped to recreate traditional financial systems like banks and exchanges, with crypto assets. Most run on the Ethereum blockchain.

Through DeFi lending, investors can lend out crypto coins, like the way a traditional bank does with fiat currency, and earn interest as a lender. Lending and borrowing are among the common use cases for DeFi applications. However, there are several more increasingly complex use cases, like becoming a liquidity provider to a decentralized exchange. Interest rates are normally more attractive than what traditional banks offer. The barrier to entry to borrow is typically low compared to getting a loan from a traditional bank. In most cases, the only requirement for investors to get a DeFi loan is the ability to offer collateral with other cryptocurrencies. In certain cases, users can provide their NFTs as collateral, depending on the DeFi protocol used. However, the DeFi ecosystem comes with more risks than a traditional bank.

On December 27, the yield farming aggregator platform “DeFi yield protocol” DYP launched its updated buyback, farming, and staking pools. Such pools now live across multiple chains including Ethereum, Avalanche, and Binance Smart Chain (BSC).

DeFi
 
 yield 
Yield
A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income, etc.Understanding Yields in FinanceAt any point in time, all financial instruments compete with each other in a given marketplace. Analyzing yields is simply one metric and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. Conversely, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also dictated by expectations of inflation. Indeed, fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Overall, long dated instruments typically have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. Consequently, the more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk.
A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as an internal rate of return, which may also be used to indicate the owner’s total return, or portion of income, etc.Understanding Yields in FinanceAt any point in time, all financial instruments compete with each other in a given marketplace. Analyzing yields is simply one metric and reflects a singular part of the total return of holding a security. For example, a higher yield allows the owner to recoup his investment sooner, and thus mitigates risk. Conversely, a high yield may have resulted from a falling market value for the security as a result of higher risk. Yield levels are also dictated by expectations of inflation. Indeed, fears of higher levels of inflation in the future suggest that investors would ask for high yield or a lower price versus the coupon today.The maturity of the instrument is also one of the elements that determines risk. The relationship between yields and the maturity of instruments of similar credit worthiness, is described by the yield curve. Overall, long dated instruments typically have a higher yield than short dated instruments.The yield of a debt instrument is typically linked to the credit worthiness and default probability of the issuer. Consequently, the more the default risk, the higher the yield would be in most of the cases since issuers need to offer investors some compensation for the risk.
 Read this Term protocol DYP provides various DeFi instruments to investors, thus allowing them to earn rewards for their contributions to the network. DYP’s products available on the Ethereum, Avalanche, and BSC chains include buyback, staking, and yield farming.

Ethereum’s buyback pool allows investors to earn up to 350% annual percentage yield in DYP platform, by staking cryptocurrencies such as WETH, WBTC, USDC, USDT, DAI, or LINK.

Avalanche’s buyback pool allows holders to earn up to 145% APY by staking crypto coins like WAVAX, USDC.e, USDT.e, WETH.e, PNG, QI, DAI.e, XAVA, WBTC.e, or LINK.

Finally, the BSC buyback pool enables investors to earn up to 100% annual percentage yield by staking crypto tokens such as BNB, BTCB, ETH, BUSD, or CAKE.

Once users deposit coins into these pools, their funds are converted into a mixture of DYP and iDYP tokens, and put into a staking contract. Rewards vary from 30% to 350% annual percentage yield depending on the chain selected and the length of time chosen to lock up these tokens, normally a minimum of three days to a maximum of 90 days. All rewards are withdrawn in DYP tokens.

On the DYP platform, users can stake their liquidity provider tokens into any of the three pools and get rewards. Investors can stake their tokens on the Avalanche chain within the DYP platform and earn up to 130% APY. They can also stake their coins on the Ethereum chain and earn up to 550% annual percentage yield, and also on the BSC chain and earn up to 50% APY. So, it is upon users to decide on which chain to choose to get maximum rewards. They can invest their tokens for a longer period of time in order to get the best rates. They can choose different staking options within each pool to get a reward from 30,000 DYP to 100,000 DYP per month. The flexible staking options on the DYP platform allow investors to lock their funds from a specific period of time.

Besides that, the DYP Farming pools allow users to lock the funds for a period of one month to four months to earn rewards. Users can deposit tokens on the Ethereum chain within the DYP platform and earn cryptocurrencies such as ETH, WBTC, USDC, or USDT as rewards. While BSC’s farming pool accepts crypto coins like WBNB, BTCB, ETH, BUSD, or CAKE, Avalanche’s farming pool accepts AVAX. The returns for investing in the Ethereum, Avalanche, and BSC farming pools begin from 20% APR to 350% APR, depending on the pools that investors choose. Such rewards can be reinvested within the DYP platform using an inbuilt feature for improved returns.

Since the launch of the staking, farming, and buyback products, the DYP platform has gained popularity from the crypto community. Within one week, DYP’s staking, farming, and buyback pools have accumulated more than $90 million in deposits. DYP rewarded its investors with 9,032 ETH, 7,997 BNB, and 15,867 AVAX, which totaled $44,149,334 in tokens during that time.

DYP incorporated an anti-manipulation feature on its platform to make the protocol stand out from the rest. The manipulation feature ensures that the network’s liquidity is always fair to all participants, by preventing whales – those with more tokens or resources – from influencing the price of DYP token to their advantage. The DYP platform achieves this by automatically converting DPY reward generated by the buyback, farming, and staking pools to ETH every day at 00:00 UTC before distributing it among liquidity providers.

Yield Farming In DeFi

The announcement by DYP platform to have launched its buyback, farming, and
 
 staking 
Staking
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters.
Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve distributed consensus.This notably differs from Proof-of-Work (PoW) blockchains that instead rely on mining to verify and validate new blocks.Conversely, PoS chains produce and validate new blocks through staking. This allows for blocks to be produced without relying on mining hardware. As such, instead of competing for the next block with heavy computation work, PoS validators are selected based on the number of coins they are committing to stake.Users that stake larger amounts of coins have a higher chance of being chosen as the next block validator. Staking ExplainedStaking requires a direct investment in the cryptocurrency, while each PoS blockchain has its particular staking currency.The production of blocks via staking enables a higher degree of scalability. Moreover, some chains have also moved to adopt the Delegated Proof of Staking (DPoS) model. DPoS allows users to simply signal their support through other participants of the network. In other words, a trusted participant works on behalf of users during decision-making events.The delegated validators or nodes are the ones that handle the major operations and overall governance of a blockchain network. These participate in the processes of reaching consensus and defining key governance parameters.
 Read this Term pools comes at a time when yield farming in decentralized finance has become one of the major trends in 2021, thus providing investors with a better opportunity to increase their income-generating activities. About $1.9 billion are currently locked in DeFi, which is evidence showing that crypto owners are adding increasing and more value to work on DeFi applications. DeFi applications have helped to recreate traditional financial systems like banks and exchanges, with crypto assets. Most run on the Ethereum blockchain.

Through DeFi lending, investors can lend out crypto coins, like the way a traditional bank does with fiat currency, and earn interest as a lender. Lending and borrowing are among the common use cases for DeFi applications. However, there are several more increasingly complex use cases, like becoming a liquidity provider to a decentralized exchange. Interest rates are normally more attractive than what traditional banks offer. The barrier to entry to borrow is typically low compared to getting a loan from a traditional bank. In most cases, the only requirement for investors to get a DeFi loan is the ability to offer collateral with other cryptocurrencies. In certain cases, users can provide their NFTs as collateral, depending on the DeFi protocol used. However, the DeFi ecosystem comes with more risks than a traditional bank.

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