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

Team Bitcoin Daily

Published

3 years ago

on

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

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

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Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

4 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.

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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

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