Connect with us

Press Release

A Look at The DYP Staking dApp and Other Upcoming Features

Team Bitcoin Daily

Published

3 years ago

on

DYP Staking dApp

DeFi Yield protocol (DYP) is a revolutionary project that rewards liquidity providers directly in Ethereum. All rewards from supported tokens (DYP/ETH, DYP/USDC, DYP/USDT, and DYP/WBTC POOL) are distributed transparently and fairly. 

Each pool offers four different staking options, with rewards starting from 30,000 DYP up to 100,000 DYP each month, depending on the lock time (a minimum of three days up to 90 days).

As per the latest DYP tweet, liquidity providers earned 2,139.44 ETH worth about $2,930,424 in the last 44 days – 95,62 ETH earned in the previous 24 hours! 

DYP is looking to transform how DeFi is perceived by prioritizing equity in the control of funds on its platform. The project achieves this goal via the DYP anti-manipulation feature that denies whales the power to take control of the network and manipulate DYP token prices to their advantage.

The anti-manipulation feature reduces the risk of a whale dump by automatically converting rewards from supported tokens to ETH every 24 hours. Smart contracts then distribute the rewards to liquidity providers in the form of wrapped Ethereum (WETH).

Read on to learn the latest product offerings from DYP and how you can start earning rewards from your DYP tokens. If you don’t own DYP, you can buy the tokens from Uniswap.  

The DYP Farming dApp is Live!

DeFi yield farming has come to the DYP platform via its staking dApp with a referral system integrated. Users get to earn lucrative rewards in each pool, starting from 20% APR up to 35% APR, depending on the lock time from a minimum of thirty days up to 120 days. 

The referral program offers users 5% of their friend’s rewards whenever the friend stakes DYP tokens. The rewards are sent directly to users, free of gas fees. 

Investors looking to join the staking dApp and earn ETH rewards must deposit their liquidity provider tokens (Uniswap LP tokens) into the corresponding list of pools.

The dApp also introduces the RE-INVEST function that allows investors to add their daily rewards to the staking pool. The DeFi project will soon integrate support for multiple DYP liquidity lockers for token developers, as well as the functionality to lock Uniswap liquidity for numerous pools. 

DYP Earn Vaults and ETH Mining Pool 

In Q1 of 2021, the DYP team will roll out automated earn vaults combined with the best Ethereum mining pool.

The DYP earn vaults will introduce an automated yield farming contract that maximizes users’ profits by moving the liquidity provider’s funds through the most profitable platforms. 75% of profits generated from the vaults will be distributed amongst LPs, with the remaining 25% used to buyback DYP governance protocol tokens to enhance liquidity.

This upcoming product supports ETH, WBTC, USDC, USDT, and DAI in five lockup durations/pools for each deposit token (lock durations of 3, 30, 60, 90, and 120 days).

The ETH Mining Pool with 0% fees offers participants a 10% monthly bonus of the ETH monthly revenue earned + 0% mining fees. Any user wishing 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. 

This product will launch as soon as the DYP protocol achieves the hashrate required to mine a pool (250 GH/s).

DYP Tools Are Coming Next 

Also scheduled for Q1 of this year are DYP tools with decentralized trust score, which serve as an informative platform for investors. 

The tools are designed to gather open-source data cached from decentralized exchanges (DEX) and the latest liquidity providers. The information will be available on the custom DEX tools dashboard to help DeFi investors make decisions that maximize yields. 

The DYP tools also allow users to view and explore pools/pairs on Uniswap and access trading charts and DEX real-time info for all projects listed on Uniswap.

Moreover, the tools will tap into the DYP liquidity locker to generate a 100% decentralized trust score. The trust score will be computed based on broad criteria, including a project’s contract security audits and liquidity on Uniswap.

Related Topics:
Continue Reading

Press Release

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

Continue Reading

Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

3 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

Continue Reading

Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

Continue Reading

Trending