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DeFi Yield Protocol (DYP) Follows Up its Chainlink Price Feeds Integration with Expansion to Avalanche

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5 years ago

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DeFi Yield Protocol (DYP), a top yield farming protocol that allows users to provide liquidity and earn lucrative returns, has reached yet another landmark moment. On June 23, 2021, the project announced its expansion to Avalanche, an open-source platform for launching highly decentralized apps.

The DeFi protocol’s move to build a platform on Avalanche will enable users to leverage DYP’s advanced trading tools. DYP users will also benefit as they will continue earning yield on their crypto assets while taking advantage of Avalanche’s high throughput (4,500+ TPS), low fees, and sub-second finality.

Mihai Nicusor, CEO of DYP, explained that the expansion gives the avalanche community enhanced functionality while strengthening the entire DeFi ecosystem. He reckoned that building a decentralized platform on Avalanche also enhanced security and transparency to DYP. 

What New Products Does DYP’s Expansion Introduce?

DYP’s expansion to Avalanche, scheduled for completion in July 2021, will launch with yield farming, NFT dApp, and DYP Tools. These three products are designed to enrich DYP’s diverse suite of features.

The DYP yield farming product will launch with a DYP/AVAX pair on Pangolin, offering Avalanche liquidity providers the opportunity to contribute to AMM pools and earn yield in DYP tokens. 

The unique platform will facilitate users to earn daily rewards in PNG, AVAX, or wrapped ETH by staking their tokens for durations of 3, 30, 60, and 90 days. Users who stake for longer durations will receive higher rewards.

The DYP Tools product, scheduled to launch on Avalanche in Q3 2021, will offer users a functionality akin to DEX Tools. It will provide advanced features that make it easier to track yield data, whale transactions, tokens, and more, allowing investors to make informed decisions that maximize yields.

The DYP NFT dApp will provide a dynamic marketplace for NFTs on Avalanche. It will enable artists to mint, trade, showcase, and sell their creative digital artwork on an interoperable, highly scalable platform that boasts a fast-growing network of users. 

NFT enthusiasts will also benefit from the Avalanche ecosystem’s low fees, near-instant finality, and environmentally sound technology. 

DYP Integrates Chainlink Price Feeds

The DYP team is also delighted to announce it has integrated its protocol with the industry-leading decentralized Chainlink Oracle network. The integration brings high-quality, tamper-proof price feeds to DYP, helping to secure yield farming data on Ethereum (ETH) and Binance Smart Chain (BSC) Mainnet.

The Chainlink Price Feeds, sourced from premium data aggregators, will help secure ETH and BNB data values on DYP in a decentralized manner. Liquidity providers on DYP farming pools can now utilize the tamper-proof asset data to access the exact value in USD for their ETH and BNB rewards.

The integration of the Chainlink Oracle solution on DYP means a lot for DeFi users. It will ensure broad market coverage by providing price data aggregated from multiple exchanges and volume-weighted to reflect current global market rates. The feeds are also resistant to flash loan attacks and are securely delivered on-chain for consumption by the DYP application.

What Makes DYP a Unique Yield Farming Aggregator?

DYP made history in the DeFi space by becoming the first and only protocol to reward users in ETH or BNB. Since its launch, DYP has paid out 8,455.24 ETH and 4,622.56 BNB worth over $20M to liquidity providers.

The leading yield farming platform also offers its innovative Earn Vault that integrates the Compound protocol. Investors can tap the automated yield farming contract to earn higher yields than those offered on rival DeFi protocols.

Furthermore, the DYP platform utilizes a unique anti-manipulation feature that guarantees fair access to the platform’s liquidity by preventing whales from manipulating DYP prices to their advantage.

Essentially, the feature converts yield earned into ETH or BNB, limiting the market impact from whales converting pool rewards into AVAX and other native platform tokens. Users can take advantage of the newly-launched DYP bridge to swap DYP tokens between the ETH and BSC networks. 

DYP also offers a host of other unique features, including an ETH mining pool and staking dApp with a referral system integrated.

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Press Release

Bitfire Group Joins Hong Kong Web3 Festival as Diamond Sponsor

Published

4 days ago

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April 4, 2026

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Hong Kong, 4th April 2026 — Hong Kong Web3 Festival 2026 is proud to announce Bitfire Group as a Diamond Sponsor.

Under a high-standard regulatory framework, Bitfire Group has established a globalized Web3 ecosystem centered in Hong Kong with an expanding international footprint. Its core business pillars include Bitfire Premium, a world-leading private banking-grade digital wealth steward, and BitTrade, a licensed digital asset exchange in Japan.

Dedicated to the advancement of digital financial infrastructure, Bitfire Group provides one-stop, private banking-grade, and full-lifecycle digital asset wealth management services to high-net-worth individuals (HNWIs), family offices, and institutional clients. The Group is committed to becoming a preeminent global leader in the digital asset industry. More information: https://bitfire.com/

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Featured speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Phil Kang, CEO, ZR Financial Group
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development
DIAO Zhihai, Head of International Business of Wealth Management, CICC
Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital
David Lee, Chairman, Global FinTech Institute
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
……

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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Press Release

ZA Bank Confirms Participation at Hong Kong Web3 Festival

Published

4 days ago

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April 4, 2026

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Hong Kong, 4th April 2026 — Hong Kong Web3 Festival 2026 is proud to announce ZA Bank as a Diamond Sponsor.

ZA Bank is Hong Kong’s №1 Digital Bank. More information: https://bank.za.group

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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Press Release

AltLayer Announced as Gold Sponsor for Hong Kong Web3 Festival 2026

Published

4 days ago

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April 4, 2026

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Hong Kong Web3 Festival 2026 is honored to welcome AltLayer as a Gold Sponsor.

AltLayer builds infrastructure and autonomous agents for interacting with on-chain systems. Explore blockchain data, automate workflows, and build intelligent applications on decentralized networks: https://altlayer.io

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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