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

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3 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

GIGATONS Integrates Blockchain, AI, and Finance to Combat Climate Change

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2 days ago

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December 9, 2024

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Abu Dhabi, UAE, Dec 09, 2024, The GIGATONS Group is thrilled to introduce GIGATECH, its groundbreaking technology division dedicated to leveraging web3 innovations to address sustainability challenges by accelerating the measurement and reduction of gigatons of carbon emissions as swiftly as possible.

GIGATECH harnesses the power of smart connected technology to drive automation, efficiency, and the speed and scale required to unlock lucrative and impactful opportunities in the clean energy transition.

As the world moves toward a sustainable future, GIGATECH is positioned at the forefront, leveraging an advanced technology stack to unlock opportunities across industries. By harnessing the programmability of tokenization, the immutability of blockchain, and the power of AI, GIGATECH is driving transformative value flows and empowering businesses to excel in the economies of tomorrow.

Through the GIGATONS Group companies, GIGATECH is working on supporting a multi-billion-dollar pipeline of opportunities that have the potential to deliver significant impact.  Globally headquartered in Abu Dhabi Global Markets ‘The Capital of Capital’ and launching alongside Abu Dhabi Finance Week and Bitcoin MENA the group are working with the UAE Ministry of Energy & Infrastructure (MOEI), the Abu Dhabi Investment Office (ADIO), Abu Dhabi’s Integrated Transport Centre (Abu Dhabi Mobility), and are announcing a host of major partnerships:

  • Corporate: ABB, Grimshaw
  • Investment: with Delphi, and investment partnership with Wise Capital Partners
  • International: Australian Partner Network with Flow Power
  • Blockchain: with Alephium, and Hearst Corporation
  • M&A: of All-Infra into GIGATONS

GIGATECH’s core value is delivered through the GIGA Protocol a suite of highly composable smart connected products that reimagines the way value and information are transferred.  At the heart of this value chain is a pervasive layer of transparency and trust realised across four pillars of smart connected: Capital, Assets, Carbon, & Data.  This transformative application suite forms a cohesive framework for addressing the most pressing challenges of our time and opens the doors to a multi-trillion-dollar market of transition era opportunities.

Unlocking Opportunity through Innovation

  • Tokenization: By digitizing assets and carbon credits, GIGATECH enables programmability across capital, real world assets, carbon impact, and AI native data. This provides a host benefits including: smart contract automation, disintermediation, fractional ownership, and democratized access to value creation, making it easier to fund and scale sustainable projects.
  • Real-World Assets (RWA): Integrating RWAs with blockchain technology allows GIGATECH to bring tangible value to the digital space, connecting physical assets with transparent and efficient markets.
  • Blockchain: At the heart of GIGATECH’s strategy, blockchain ensures secure, immutable, and decentralized solutions for data and value transfer, fostering trust and accountability. GIGATECH is building its technology stack natively on Alephium, a groundbreaking layer one blockchain that offers unparalleled performances in the areas of scalability, security, programmability and sustainability.
  • Artificial Intelligence (AI): GIGATECH uses AI to power predictive analytics, enhance resource allocation, optimise yields, and automates decision-making processes, aiming to drive unprecedented levels of efficiency.
  • Metaverse Digital Twins: By creating virtual replicas of physical systems, GIGATECH facilitates scenario modelling and real-time monitoring, enabling informed decision-making at a global scale in a visually intuitive environment.

The Future of Smart Connectivity

GIGATECH envisions a future where “smart” meets “connected” in transformative ways. By integrating AI (“smart”) with blockchain technology (“connected”), the company is removing many of the existing frictions in global systems. However, in pursuit of a smart connected future it is equally imperative to ensure these cutting-edge digital infrastructures are carbon net zero themselves.

One of many exciting projects and partnerships being announced this week seeks to tackle this, GIGATECH is partnering with HEARST Corporation and Alephium to deliver the world’s first end-to-end tokenised green blockchain mining and AI datacentre projects, with a Wise Capital partnership with GIGACAPITAL for tokenised funding solutions.  The POC project will be one of the first use cases for the GIGA Protocol and sews the seeds of ambition to substantially scale green blockchain mining and green data centre projects globally in 2025. 


“Unlocking the vast potential of the transition era requires us to go beyond mere ambition; it demands a paradigm shift,” said Heston Harper, CEO of GIGATECH. “We must break free from the old, linear approaches that confine tomorrow to yesterday’s thinking. The climate-aligned economy isn’t just a future possibility—it IS the future.  To build it, transparency and trust are non-negotiable. The GIGA Protocol is engineered to deliver these principles immutably, empowered by automated intelligence, to the areas that matter most. The global economy is undergoing a profound transformation, driven by policies and market forces that is sparking innovation across industries and supply chains. As stakeholders seize the opportunities of the transition era, the pace of change will only accelerate, at camp GIGATECH we are obsessively focussed at helping to unlock that collective action at an unprecedented scale,”

About GIGATECH

GIGATECH is the technology division of the GIGATONS Group, dedicated to advancing the transition era with innovative solutions. By leveraging tokenization, RWAs, high quality carbon credits, blockchain, AI, and digital twins, GIGATECH creates scalable systems to address global challenges with precision.

See more at www.gigatons.com

Read more about GIGATONS’ divisions on www.gigatons.com

Social:

X – https://x.com/GIGATONS_Group

LinkedIn – https://www.linkedin.com/company/gigatons/

TG: https://t.me/GIGATONS_official

PR Contact:
GIGATONS Group
pr@gigatons.com

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Press Release

Bitcoin Reaches New Heights: Businesses Gear Up for the Crypto Boom with NOWPayments

Published

5 days ago

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December 6, 2024

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For the first time in history, Bitcoin (BTC) has crossed the $100,000 mark, signaling a groundbreaking moment in the cryptocurrency world. This milestone solidifies Bitcoin’s position not only as a revolutionary financial asset but also as a practical payment solution for businesses worldwide. NOWPayments, a leading cryptocurrency payment gateway, is at the forefront of enabling businesses to capitalize on this historic moment by providing seamless crypto payment solutions.

As Bitcoin continues to gain global recognition, businesses are increasingly turning to cryptocurrencies as a means to modernize payment systems and attract tech-savvy customers. NOWPayments offers a simple and efficient way for merchants to accept Bitcoin and over 300 other cryptocurrencies as payment, providing tools like auto coin conversion, zero-fee options, and instant payment settlements.

“Bitcoin’s new all-time high demonstrates the growing trust and demand for decentralized currencies,” said Kate L, CEO at NOWPayments. “At NOWPayments, we empower businesses of all sizes to embrace this shift by simplifying the process of accepting Bitcoin and other cryptocurrencies. Whether you’re a small e-commerce store or a global enterprise, our platform ensures you’re ready for the future of payments.”

Why Businesses Are Embracing Crypto Payments Now

With Bitcoin’s meteoric rise, accepting cryptocurrency payments has become a strategic advantage for forward-thinking businesses. Customers using crypto value the security, speed, and lower transaction fees compared to traditional payment systems. NOWPayments takes this a step further by offering user-friendly solutions that integrate seamlessly with existing payment workflows, ensuring that businesses stay ahead of the curve.

Features That Make NOWPayments Stand Out:

Easy Integration: Different Payment solutions, including APIs, plugins for popular e-commerce platforms, and POS tools for brick-and-mortar businesses.

Low Fees: Transparent pricing and an option for 0.5% fees for businesses.

Global Reach: Accept payments from customers worldwide, regardless of location.

Automatic Conversion: Convert Bitcoin to fiat currency or other cryptocurrencies to minimize volatility risks.

A New Era for Crypto Payments

Bitcoin’s journey to $100,000 has cemented its role as a key player in the global financial system. NOWPayments invites businesses to join the crypto revolution, not just as participants but as pioneers. By adopting cryptocurrency payments today, businesses position themselves to thrive in an economy increasingly shaped by decentralized finance.

Our team at NOWPayments analyzed the data from the previous Bitcoin ATH and found it led to a notable surge in crypto payments adoptionincresing by 8% in crypto payments. With Bitcoin now surpassing the $100K milestone, we anticipate this new ATH will drive an even more significant increase in the use of cryptocurrency payments, solidifying their role in the future of commerce.

For more information about NOWPayments and how to start accepting Bitcoin, visit https://nowpayments.io.

About NOWPayments

NOWPayments is a non-custodial cryptocurrency payment gateway offering instant payouts, auto conversion, and support for over 160 cryptocurrencies. The platform is designed to empower businesses by providing simple, secure, and scalable solutions for accepting digital currencies.

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Press Release

SlowMist Joins Hong Kong Web3 Festival 2025 as Platinum and Side-Event Sponsor

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1 week ago

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December 2, 2024

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As a team that has long focused on blockchain security and conducted in-depth research in blockchain security technologies, SlowMist will participate in the Hong Kong Web3 Festival 2025 as a Platinum & Side-event Sponsor. We look forward to sharing our deep insights and practical experiences in blockchain security with Web3 users, while also gaining the latest knowledge from various cutting-edge technology fields.

The Hong Kong Web3 Festival is one of the largest Web3 events globally, bringing together industry leaders, academic experts, and entrepreneurial elites from around the world to discuss the future development of blockchain technology and the Web3 industry. As a world-leading international financial center, Hong Kong has always been at the forefront of integrating technology and finance. We believe that in an environment of openness, inclusivity, and innovation, the Web3 industry will thrive and flourish, laying a solid foundation for the prosperity of the future digital economy.

Aligned with this vision, SlowMist, a blockchain security firm established in January 2018, aims to contribute to the secure development of the Web3 ecosystem. Founded by a team with over ten years of network security experience, SlowMist has grown to become a renowned global force in the blockchain security field. Our goal is to make the blockchain ecosystem as secure as possible for everyone. Over the years, we’ve had the privilege of working with well-known projects such as HashKey Pro, OSL, MEEX, BGE, BTCBOX, Bitget, BHEX.SG, OKX, Binance, HTX, Amber Group, Crypto.com, and more, reinforcing our commitment to enhancing blockchain security on a global scale.

We provide a wide range of services, including but not limited to security audits, threat intelligence, defense implementation, security consulting, and other security-related solutions. Additionally, we offer AML (anti-money laundering) software, MistEye (security monitoring), SlowMist Hacked (crypto hack archives), FireWall.x (smart contract firewall), Safe Staking, and other SaaS products. Since the establishment of SlowMist, we have been dedicated to continuously improving the theoretical framework for security protection throughout the Web3 project lifecycle. By providing tailored security solutions for individual projects, we are able to identify potential risks and prevent them from occurring. Our team has discovered and published several high-risk blockchain security vulnerabilities, helping to raise awareness and elevate security standards within the blockchain ecosystem.

Building on this foundation, SlowMist is excited to collaborate with our partners in shaping the future of the Web3 ecosystem and advancing Web3 security. We look forward to meeting you at the Hong Kong Web3 Festival 2025 as we embark on this exciting journey into the future of Web3 together!

SlowMist X: https://x.com/SlowMist_Team

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