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DeFi Yield Protocol Introduces Fixed DYP Rewards and The ETH Mining Pool

Team Bitcoin Daily

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The DeFi Yield Protocol (DYP) offers crypto holders a new way to earn rewards directly in Ethereum for providing liquidity. Holders of DYP, the native token underpinning the project, can provide liquidity and earn rewards via the ETH smart contract integrated with Metamask and Trustwallet.

According to the official DeFi Yield Protocol’s official Twitter page, DYP liquidity providers have currently earned 1,443.67 ETH via the project’s unique staking dApp in just 33 days. Investors earned 66.82 ETH in the past 24 hours!        

Any crypto enthusiast can start earning ETH rewards today by depositing their liquidity provider tokens (Uniswap LP tokens) into the corresponding initial list of pools. There are four liquidity pools currently available, DYP-ETH, DYP-WBTC, DYP-USDC, and DYP-USDT. 

Each pool offers four distinct staking options, with monthly rewards starting from 30,000 DYP up to 100,000 DYP. The amount of DYP earned depends on each pool’s lock time (from 3 days up to 90 days). 

The DYP platform also focuses on defying the notion that DeFi is a space where whales have the power to control the network. The protocol guards investors against whale attacks by automatically converting all pool rewards from DYP to ETH every day at 00:00 UTC. Smart contracts then distribute wrapped Ethereum (WETH) as rewards to liquidity providers.

This anti-manipulation feature lowers the risk of DYP price volatility or a whale dump that would crash the DYP price instantly, thus guaranteeing the stability of the native token’s value. 

Introducing Fixed DYP Rewards

This month, DYP is launching staking pools with daily rewards starting from 20% APR up to 35% APR. The returns received will depend on the lock time from a minimum of 30 days up to 120 days.

The upcoming development will help investors automatically add their daily rewards to the staking pool with 0% fees via the RE-INVEST function. DYP also plans to integrate its referral program, where users get 5% of their friend’s rewards whenever the friend stakes DYP.

The DeFi Yield Protocol also intends to contribute to the crypto ecosystem with a DYP liquidity locker for token developers and support to lock Uniswap liquidity for multiple pools. 

Other upcoming features include support for multiple lockers with different unlock times and support for numerous vesting lockers for Uniswap liquidity.

The DYP ETH Mining Pool Is Coming in Q1 of 2021

One of the scheduled events for Q1 of 2021 is the rollout of the ETH Mining Pool set up with an investment of over $1 million (the Whitelist is currently running).

Participants in the ETH mining pool stand to receive a 10% monthly bonus of the ETH monthly income earned. For instance, if the ETH price is $1000, the DYP price is $5, and a user’s monthly estimated earnings are 1 ETH, then each miner address that interacts with the DYP smart contract will earn a monthly bonus of 20 DYP tokens worth $100.

Users who wish to claim monthly DYP tokens must first join the zero-fee ETH mining pool set up by the DYP team, meaning they will also earn more ETH monthly. 

The ETH mining pool & yield farming for miners will provide a 10% monthly DYP bonus + 0% mining fees to all miners. The mining pool bonuses will disburse a maximum amount of DYP with a -2.5% Price Impact.

The DYP team is currently waiting to achieve the Hashrate required to mine a pool (250 GH/s) to roll out the mining pool. So far, the protocol has clocked up 35 GH/s Hashrate from miners.

Other Upcoming Developments in Q1 2021

The DYP Earn Vault’s launch is also scheduled for the first quarter of this year. This upcoming feature, which is currently in development, is an automated yield farming contract that maximizes returns by moving providers’ funds through the most profitable platforms.

75% of Earn Vault’s profits will be dispersed among the liquidity providers, while the remaining 25% will be used to buyback DYP governance protocol tokens to enhance liquidity.

The DYP Earn Vault will offer support for ETH, WBTC, USDC, USDT, and DAI in 5 lockup durations/pools for each deposit token (durations of 3, 30, 60, 90, and 120 days).

The DeFi Yield Protocol also plans to introduce Uniswap Integration to periodically auto-buy DYP tokens using above 25% fees and send them to a burn address. The feature will offer rewards in ETH, WBTC, USDC, USDT, DAI, + extra DYP rewards for each pool.

Users also get access to an Additional Claim function for compound rewards and the option to Re-Invest DYP rewards with constant staking integration.

The DYP Tools With Decentralized Trust Score 

The DYP team will soon launch DYP tools in Q1 of 2021 to capture data cached from decentralized exchanges (DEX) and the latest liquidity providers. The custom DEX tools dashboard will also gather data from the latest open-source information such as Etherscan to help all DeFi investors make prudent investment decisions.

Users will also view and explore Uniswap pools/pairs and get access to trading charts and DEX real-time info. The DYP tools are set to create an informative platform that shows all the existing projects listed on Uniswap with unique features. 

The tools will utilize the DYP liquidity locker to offer projects a 100% decentralized trust score based on vital facts such as their liquidity locked. Other criteria considered include the state of their contract security audits and whether the project team is public or not. 

The trust score will also be computed based on whether the liquidity on Uniswap was added by the contract creator’s address or by a token holder.

Moreover, the DYP tools home page will come with a link that takes traders directly to the listed tokens on Uniswap or another exchange. Top projects are ranked based only on their trust score, which is obtained in a fully decentralized manner.

Token holders of a particular project can access a “Community Trust” feature that allows them to vote on vital issues regarding the project.

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Press Release

Metarise: Unveiling the Future of Metaverse Interaction on M20Chain

Crypto Chain Wire

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Metarise is forging new paths in the metaverse landscape, building an immersive digital universe that blends high-quality, low-poly graphics with the robust capabilities of the M20 Chain blockchain, all powered by Unreal Engine. This innovative platform merges reality with virtual spaces to create an interactive environment where users can live, work, and play.

Vibrant Digital Ecosystems: Cityland and Funland 

At the heart of Metarise lies Cityland, the bustling urban core that serves as the central hub for commerce, art, and social interaction. With its vibrant streets lined with shops, showrooms, galleries, and more, Cityland is where creativity meets community. Not far from the urban excitement is Funland, a sanctuary of joy and entertainment, offering a retreat where users can engage in games, sports, and various leisure activities. Both these areas are anchored by the iconic Metarise Tower, a towering structure that stands as a testament to the possibilities of virtual architecture and the central node from which all activity in Metarise radiates.

The Role of Riser Token in Metarise 

The pulse of this digital universe is the Riser Token ($RIS), a metaverse utility token that facilitates not only commerce but also enables a variety of interactions and transactions within the Metarise ecosystem. From purchasing virtual land to trading goods and accessing exclusive services, the Riser Token is essential for navigating and leveraging the full potential of Metarise.

Empowering Users and Businesses 

Metarise is more than just a virtual space; it is a versatile platform designed to accommodate the diverse needs of individuals and businesses alike. Users can escape the monotony of traditional digital interactions and immerse themselves in a vibrant 3D environment that offers an enriched form of social connectivity. For businesses, Metarise provides a range of tools and spaces for virtual offices, allowing companies to maintain operations, host conferences, and interact with clients without geographical constraints.

Innovative Real Estate and Investment Opportunities 

One of the standout features of Metarise is its approach to virtual real estate. Through its Initial Land Offering (ILO), users have the opportunity to invest in virtual land, represented as unique NFTs on the M20 blockchain. This allows for the development of personalized real estate projects, from digital offices and private properties to commercial spaces, which can be further monetized through rentals or providing specialized services.

MetaRise is excited to announce the opening of our Initial Land Offering (ILO), a unique opportunity for early adopters to participate in the early stages of our expansive metaverse. This early phase of development offers potential for growth as the platform evolves, though it’s important to remember that all investments carry inherent risks and returns are not guaranteed. As you consider joining us in shaping the future of MetaRise, we encourage you to make informed decisions.

A Hub for Brands and Creators 

Metarise serves as a dynamic marketing tool for brands looking to enhance their identity and user engagement through immersive experiences. It’s a platform where brands can interact with their audience in meaningful ways, leveraging the unique capabilities of virtual reality, augmented reality, and AI to deliver memorable brand experiences.

Conclusion: The Future of Digital Connectivity 

Metarise envisions a world where digital and physical realities converge to create a seamless universe of endless possibilities. It’s not just about creating a space for users to interact; it’s about redefining the essence of community and connectivity. As Metarise continues to expand and evolve, it invites users from all corners of the globe to explore its myriad offerings, engage with its vibrant community, and contribute to the ever-growing expanse of this digital frontier.

Discover Metarise and step into a world where your digital life transcends boundaries, offering new ways to interact, explore, and impact the world around you. Join us on this journey to redefine the future of the metaverse.

Stay connected with us:

Metarise: https://metaarise.com/

Twitter: https://twitter.com/metariseworld

Instagram: https://www.instagram.com/metariseworld

M20 Chain Website: http://www.m20chain.com

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Press Release

Unizen Announces Deployment of Enhanced Ethereum Gas Optimization and ULDMv3, Transforming DeFi Trading

Crypto Chain Wire

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Unizen has successfully deployed two pivotal updates that are set to transform the decentralized finance (DeFi) industry: Enhanced Ethereum Gas Optimization and ULDMv3. These advancements redefine efficiency and cost-effectiveness, greatly enhancing the trading experience for DeFi users.

 Enhanced Ethereum Gas Optimization is Now Live 

This update significantly reduces Ethereum transaction costs by 40-50% for all users and by 60-70% for integrators. By streamlining transaction processes, this optimization not only makes decentralized trading more accessible but also significantly reduces overhead costs, allowing traders to operate more freely and cost-effectively.

 ULDMv3: A Revolutionary Upgrade in Liquidity Distribution 

ULDMv3, the third iteration of the Unizen Liquidity Distribution Mechanism, marks a monumental shift in the way trades are executed on the platform. This isn’t merely an incremental improvement; it’s a complete transformation designed to enhance the trading framework significantly. Unizen CTO, Martin Granström, describes ULDMv3 as a “revolution in liquidity sourcing that sets new industry benchmarks.”

 Key Enhancements in ULDMv3 Include: 

Key Enhancements in ULDMv3:

  • Faster Quote Speeds: With ULDMv3, Unizen has dramatically increased the speed at which quotes are retrieved and trades are executed. This enhancement ensures that users experience minimal latency, making real-time trading more efficient and responsive. The ability to quickly process quotes is crucial in the fast-paced world of DeFi, where market conditions can change in seconds. 
  • Reduced Gas Costs: ULDMv3 builds upon Unizen’s already competitive gas fee structure by optimizing the underlying algorithms to further reduce costs. This is achieved through smarter contract interactions and streamlined transactions that minimize the gas required for each trade. This reduction in gas costs makes trading more affordable and sustainable, especially beneficial during high network congestion periods. 
  • Cross-chain Trade Splitting: A standout feature of ULDMv3 is its ability to facilitate cross-chain trade splitting. This functionality enables the mechanism to split trades across different blockchains, maximizing token output on the receiving chain. This is done through seamless token swaps that leverage the unique strengths of multiple blockchains, thereby optimizing trade value and efficiency. 
  • Enhanced Token Routing: The routing mechanism in ULDMv3 has been upgraded to select the most optimal paths for token transfers automatically. This ensures that users receive the best possible rates and outputs by navigating through the complex landscape of liquidity pools and trading pairs. This smarter routing translates to better returns and reduced slippage for users. 
  • Machine Learning Integration: At the core of ULDMv3’s advanced capabilities is its integration of machine learning technologies. These systems continuously analyze market conditions and liquidity pool interactions to refine and optimize trading strategies. By learning from each transaction, ULDMv3 adapts and evolves, offering increasingly efficient trade executions.

The development of ULDMv3, which spanned nearly a year, reflects Unizen’s commitment to innovation and quality. This upgrade not only optimizes the technical mechanics of trading but also introduces adaptive, self-improving algorithms that dynamically adjust to real-time market conditions.

With these updates, Unizen solidifies its leadership in the DeFi space, empowering its community with the very best tools available. These enhancements promise to deliver unprecedented value to Unizen’s users and set new standards in decentralized trading efficiency.

Experience these upgrades via our web-based application at www.zcx.com, or our recently released mobile app available on the google play store here: https://play.google.com/store/apps/details?id=com.unizen_mobile_dapp

The ZCX Token:

$ZCX, as the core token of Unizen, significantly enhances the trading experience by maximizing profitability. It acts not only as a facilitator in this process but also offers users the chance to earn passive income through the platform’s Earn feature. This feature allows token holders to stake their $ZCX and receive rewards, adding an attractive layer of utility to the token. The integration of $ZCX into Unizen’s upcoming Layer 1 solution marks a significant leap forward. This integration is designed to elevate the functionality of $ZCX by embedding it deeper within the ecosystem, where it can play an even more central role in transaction processes and governance mechanisms.

Unizen’s strategic development of its own Layer 1 blockchain, which is currently in stealth mode, is a pivotal part of its expansion. This blockchain is tailored to support both programmable and non-programmable chains, thereby broadening its applicability and potential user base. The design aims to boost interoperability among different blockchain technologies within Unizen’s ecosystem, facilitating smoother and more efficient cross-chain transactions. This enhancement is crucial for driving wider adoption and easier access to web3 technologies, making them more user-friendly and integrated.

The introduction of Unizen’s Layer 1 blockchain is poised to redefine the way users interact with the platform, offering them more seamless, secure, and swift transactions. It promises to leverage the inherent strengths of $ZCX, ensuring that the token not only increases in utility but also in value, as it becomes an integral part of a larger, more interconnected ecosystem. This development aims to attract a diverse group of users, from seasoned traders to those new to the web3 space, enhancing their overall experience and engagement with decentralized finance.

About Unizen:

Unizen is an entirely new category of DEX Aggregator with comprehensive omni-chain access and UTXO support. We offer unparalleled returns on decentralized trades industry-wide. Even compared to leading DEX Aggregators like 1inch, Paraswap, and Matcha.

Our platform boasts a seamless experience with zero bridging, no sign-ups, no fees, and no KYC requirements, all while maintaining complete decentralization. We’ve created an entirely new class of DEX Aggregator, distinguished by an industry-leading Unizen Liquidity Distribution Mechanism (ULDM), Unizen Interoperability Protocol (UIP), and comprehensive omni-chain access, and UTXO support (starting with native Bitcoin). 

Our industry-leading innovations give us the ability to provide the highest returns on decentralized trades in the world: access to more than 20,000+ assets across 9 chains and over 170 decentralized exchanges.

Company
Website I DocumentationCMC

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ZCX.com I Mobile App 

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Press Release

Blockchain Life 2024 Thunderstruck in Dubai

Crypto Chain Wire

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The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai.

Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in the last century did not prevent 10,162 people from meeting at the long-awaited Blockchain Life 2024, even despite the postponement of the second day of the forum. Needless to say, the atmosphere on the site was indescribable – a very special unity saturated the air.

Throughout the event, the crypto community engaged in insightful discussions, made valuable connections, and struck important deals. Forum stages featured over 160 renowned speakers and industry leaders, including heads and management of Binance, Chainlink, Tron, Bybit, OKX, DFINITY, Ledger, Animoca Brands, Ton, Cardano, Singularity Net, LayerZero, Tether, Ripple, Trust Wallet and more.

The exhibition of crypto companies featured 133 booths, which makes it the largest web3 expo in 2024. Such giants as OKX, HTX, Bybit, Bitget, BingX, Listing.Help, and Uminers presented their services, products and teams. This offered attendees a firsthand look at the latest technologies and innovations shaping the ecosystem.

“This year, we reached a milestone with 10,162 attendees. They know that the current market growth is just the beginning of a real explosion. The next wave is coming, which is why top projects, insiders, and funds gathered at Blockchain Life to finalize their preparations. Now, we are gearing up for a historic bull run that will be remembered for years.” commented the organizer of Blockchain Life, Sergei Khitrov.

As a grand conclusion to the forum, participants were treated to the celebrated Legendary AfterParty at one of the world’s premier clubs. Hours of informal networking with the cream of the industry took place in an all-inclusive format. The highlight of the event was an incredible live concert by the internationally acclaimed hitmaker, Alan Walker. With his chart-topping songs, Alan Walker captivated over 1,400 participants, showcasing the event’s impressive global reach.

Looking ahead, the 13th edition of Blockchain Life is scheduled to be held on October 22-23, 2024, providing participants with an opportunity to highlight their accomplishments and set the groundwork for future success. 

Presale tickets and sponsorship applications for the upcoming Blockchain Life event are currently available – please visit https://blockchain-life.com for more information.

The organizers of Blockchain Life 2024 – Listing.Help and Jets.Capital.

General Sponsor of Blockchain Life 2024 and the Official AfterParty – Uminers.

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