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

Team Bitcoin Daily

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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

Big Red $Td’s Sister Project, $CULO, Announced as Key Sponsor for Karate Combat Kickback 2

Crypto Chain Wire

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Karate Combat Kickback 2 is set to revolutionize the world of combat sports, and Big Red $Td’s sister project, $CULO, will be playing a pivotal role as one of the event’s key sponsors. This beachside battle, taking place at the stunning Parque de Fundadores in Playa del Carmen, Mexico, promises an unparalleled experience for fans and athletes alike.

As the mighty heavyweight champion Smilen’ Sam Alvey defends his hard-won title against challenger Antonio Arroyo, the presence of $CULO, sponsored by Big Red $Td, adds an extra layer of excitement to the event. Karate Combat is renowned as the premier full-contact striking league, blending live-action karate with immersive CGI environments powered by the Epic Games Unreal gaming and virtual production engine.

Featuring Olympic medalists and national champions from around the world competing in eight different weight divisions, Karate Combat is streamed and broadcast to over 100 countries worldwide. Karate Combat boasts league ambassadors such as Bas Rutten, George St-Pierre, Lyoto Machida, and Stephen “Wonderboy” Thompson.

The event will also draw attention from influencers and celebrities, with notable attendees including MoonDaddy, Bitboy, Rodney, and of course George CryptosR_Us.

A Deep Dive into Big Red $Td:

Origins and Vision:

Big Red $Td is not just a meme trading project; it’s a tribute to the rich heritage and innovative spirit of Cornell University. Founded on the Avalanche (AVAX) blockchain, Big Red $Td embodies the ethos of its namesake, combining tradition with cutting-edge technology. The project’s vision is to dominate meme trading while honoring Cornell’s legacy of excellence.

The Cornell Connection:

Cornell University, with its storied history and academic prowess, serves as the inspiration behind Big Red $Td. From its iconic red and white colors to the beloved “Big Red” nickname, Cornell’s influence permeates every aspect of the project. The decision to launch on the AVAX blockchain, rooted in Cornell research, further solidifies the bond between Big Red $Td and its alma mater.

Avalanche Blockchain and Cornell Influence:

The AVAX blockchain, built on research initiated at Cornell, provides the perfect platform for Big Red $Td’s aspirations. Led by Emin Gün Sirer, the CEO of Ava Labs and an associate professor of computer science at Cornell, Avalanche represents a groundbreaking leap in decentralized systems. The collaboration between Cornell and Avalanche underscores the university’s commitment to fostering innovation and entrepreneurship.

Features and Ambitions:

Big Red $Td aims to dominate meme trading on the AVAX blockchain, leveraging its unique features and community-driven ethos. With its vibrant ecosystem and passionate community, Big Red $Td seeks to redefine the meme trading landscape while staying true to Cornell’s values of integrity and excellence.

Fully Doxxed Team and Community Engagement:

The Big Red $Td team comprises experienced professionals from diverse backgrounds, united by their shared passion for blockchain technology and meme trading. With a fully doxxed team and transparent development process, Big Red $Td prioritizes community engagement and inclusivity, fostering a supportive environment for investors and enthusiasts alike.

The Future of Big Red $Td:

As Big Red $Td continues to gain traction in the crypto space, the team remains committed to its mission of dominance on the AVAX blockchain. With upcoming initiatives and partnerships on the horizon, Big Red $Td is poised to solidify its position as a leading player in the meme trading arena.

About $CULO:

$CULO, the sister project of Big Red $Td, is also set to make waves in the crypto world. With a focus on dominating trading on the Polygon blockchain, $CULO shares Big Red $Td’s commitment to excellence and innovation. Together, Big Red $Td and $CULO form a dynamic duo, poised to disrupt the meme trading landscape across multiple blockchains.

For More Information:

– Website: https://thebigredcrypto.com/

– Telegram: https://t.me/TheBigRedTD

– Twitter: https://twitter.com/BigRed_TD

– Contract Address for Big Red $Td: 0x87bbfc9dcb66caa8ce7582a3f17b60a25cd8a248)

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Press Release

Wemade’s Night Crows Achieves Record-Breaking $10 Million In Global Sales Within Three Days Of Launch

Crypto Chain Wire

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  • Over a million pre-registration sign-ups
  • Among the top 10 free new RPG games by downloads in major gaming markets including the United States, the United Kingdom and Japan
  • More than 600 streamers joining the Streamer Supporting System

Leading global game developer Wemade, today announced that the blockbuster MMORPG NIGHT CROWS has surpassed $10 million in global sales within just three days of launch (March 12th). NIGHT CROWS has reached the same milestone ten times faster than the highly successful MIR4 Global launch in 2021, outpacing all previous game titles published by Wemade, and marking an unprecedented milestone in the company’s history.

Rising demand from gamers worldwide

Developed by MADNGINE, the game seamlessly integrates proven content with advanced blockchain technology, including multi-tokenomics, character NFTs, and the “unagi(x)” omnichain messaging protocol. NIGHT CROWS features Unreal Engine 5’s cutting-edge graphics including a fully dynamic global illumination and reflections solution, a thrilling blend of history and fantasy, and innovative features like the use of “Gliders”. Going beyond the simple flight using elevation differences, Gliders enable gliding, hovering, and various strategies for combat by utilizing updrafts, offering a three-dimensional action experience that breaks away from flat-surfaced battles.

This has contributed to a rapidly expanding user base with the average number of concurrent users exceeding 230,000 and reaching a peak of nearly 300,000 players. To accommodate this growth, Wemade has swiftly scaled server capacity, expanding from the initial 24 servers to a current count of 69 to meet the high demand.

Surging to the top of global app rankings in first 24 hours

With over a million pre-registration sign-ups, NIGHT CROWS has shot to the top of the Google Play Store and Apple App Store app rankings worldwide within 24 hours after launching in 170 countries. NIGHT CROWS was among the top 10 free new RPG games by downloads on the App Store and/or Google Play Store in major gaming markets including the United States, the United Kingdom and Japan. 

Streamer Supporting System see early success 

The unique “Streamer Supporting System” (SSS), which fosters a mutually beneficial ecosystem for streamers, supporters, and the game itself, is seeing early success with over 600 active streamers already signed up. Streamers including Kyrobell in the Philippines (86,500 Youtube followers) and Kyoinfinity (33,800 Twitch followers) are driving further user growth with more than 50 livestreams and video walkthroughs of the game already available on the SSS portal.

Discover the world of NIGHT CROWS and learn more at www.nightcrows.com. Streamers can join the Streamer Supporting System at https://www.nightcrows.com/en/sss/introduce.

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Press Release

Breaking Boundaries: Dubai Set to Redefine Blockchain Technology at WBS Dubai

Crypto Chain Wire

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The 29th edition of the World Blockchain Summit, organised by Trescon and co-hosted by Sun Minimeal, returns to Dubai on 22-23rd April 2024 at the iconic JW Marriott Hotel Marina. This highly anticipated event is summit is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future. This eagerly awaited edition is poised to become a critical hub for global web3 and blockchain innovators, highlighting UAE’s efforts towards a future driven by web3 technology.

The Summit, one of the longest-running global blockchain series, has become a pivotal platform for leading and emerging blockchain and web3 innovators, visionaries, though-leaders and policymakers to deliberate over the trending innovations and solutions that are driving the inclusion of blockchain-based solutions in critical sectors of the global economy.

Benefiting from supportive government policies and a shift towards a digital-first economy, Dubai is solidifying its position as a leading global hub for blockchain innovation, enhancing its digital infrastructure comprehensively. The launch of the Dubai AI & Web3 Campus by the DIFC, alongside the Virtual Assets Regulatory Agency (VARA) Dubai, has attracted global investors and innovators eager to play a pivotal role in nurturing a dynamic digital ecosystem within the UAE.

The Summit will host over 2,000 web3 decision-makers, 300+ investors, and more than 50 speakers. The event will also feature the regional finale of the Startup World Cup organised by the renowned US-based venture capital firm Pegasus Ventures, offering the winner a chance to secure a spot to pitch at the global finals in San Francisco, with a potential prize of US$1 million in funding.

#WBSDubai showcases compelling keynote speeches, use-case presentations by prominent blockchain visionaries and experts, and engaging panel discussions on pivotal topics shaping the web3 landscape. Some of the themes that will be explored at the event include 2024 Blockchain Ecosystem Market Analysis, Decrypting the Regulatory Landscape of Virtual Assets, Emerging Trends in Enterprise Blockchain Adoption, The rise of AI-Blockchain integration and more.

Some of the notable speakers attending the event include:

  • Pascal Gauthier, Chairman & CEO, Ledger
  • Roham Gharegozlou, Co-founder and CEO, Dapper Labs
  • Mike Belshe, Co-Founder & CEO, BitGo
  • Bertrand Levy, VP Global Partnerships, SANDBOX
  • George Gvazava, Chief Crypto Officer, Bank of Georgia
  • Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
  • Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa CEO of EMURGO Kepple Ventures, EMURGO
  • Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
  • Reece Merrick, Managing Director, Middle East & Africa, Ripple

Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said,” In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

“In the heart of Dubai’s dynamic tech landscape, blockchain technology stands as a cornerstone in the UAE’s digital transformation. Trescon plays a pivotal role, connecting global entrepreneurs and startups with leading investors and experts. The World Blockchain Summit offers a prime venue for unveiling the latest in blockchain innovation and insights.”, said Sharath Kumar, Commercial Director, Trescon

Registration for the World Blockchain Summit Dubai is still open. Seize the chance to book your slots today and prepare to be a part of another thrilling blockchain and crypto event of the year. Don’t let this opportunity slip away!!

The 29th edition of the World Blockchain Summit is supported by:

Co-Host – Sun Minimeal

Co-Powered By – Ecrox Chain

Gold Sponsor – Medifakt, Crypto2Cash, Anbruggen,

Silver Sponsor- Kreation, Coingames, Reat Capital

Lanyard Sponsor- M2

Badge Sponsor- Ledn

Bronze Sponsor- BitGo,  Block Convey, M2

Exhibitors- Reltime, Qoneqt , C# Corner

Official Accommodation Partner- HotelPlanner

Business Broadcast Partner – CNBC Arabia

Official Newspaper Partner- The Fintech Times

Official Digital PR Distribution Partner – ZEX PR Wire

ABM Partner- Demandify

Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

Prime Media Partner- Demandteq

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.

WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

To book your tickets, visit: https://www.worldblockchainsummit.com/dxb-apr-24?utm_source=media%20PR%20rd2&utm_medium=ZexPR#Ticket-booking-sections

Contact

Shadi Dawi

Director, Public Relations & Partnerships – MENATrescon

shadi@tresconglobal.com

+971 55 498 4989

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