Connect with us

Press Release

DeFi Yield Protocol (DYP) Staking and Governance is Now Live

Team Bitcoin Daily

Published

on

DeFi Yield Protocol (DYP) Staking and Governance is Now Live

This week, DeFi Yield Protocol (DYP) announced the official launch of its staking and governance protocols. DYP is a next-gen DeFi platform that seeks to level the playing field between regular investors and whales. To this extent, the platform introduces some new strategies to push ROIs to the max while reducing investor’s exposure to risks. As such, the launch of the platform’s staking and governance Dapp is a critical step on its path to success.

DYP Staking Pools

DYP staking pools allow anyone to provide liquidity to pools and earn rewards. DYP differs from the completion in that all rewards are paid out in Ethereum directly. This feature is an industry first that helps alleviate inflationary concerns while building additional value in the Ethereum network. 

Additionally, all DYP staking pools feature integrated anti-manipulation protocols and 2.5% slippage.  These systems reduce inflation and encourage token price stability in the market. Specifically, the protocol attempts to convert DYP rewards to ETH every day at 00:00 UTC. When the price of DYP is affected by more than -2.5%, the maximum DYP amount that does not affect the price will be swapped to ETH. 

The anti-manipulation system then takes the remaining amount and distributes it in the next day’s rewards. In this way, the protocol ensures that all pool rewards are automatically converted from DYP to ETH daily. Best of all, the system automatically distributes the rewards to the liquidity provider’s wallet. DYP currently supports multiple staking pools. Specifically, DYP/ETH, DYP/USDC, DYP/USDT, and DYP/WBTC pools are available at this time.

Governance Dapp 

The launch of DYP’s governance Dapp is another significant step for the platform. DYP features a decentralized governance mechanism that promotes transparency and fairness in the network. Anyone can vote on crucial issues and upgrades to the network.

Notably, the more DYP tokens you hold, the more votes you get. This strategy ensures that those who are financially vested in the network get their opinions heard. It also removes the risk of nefarious actors infiltrating the network. 

Deflationary Options

DYP leverages various deflationary protocols to promote token stability. Notably, these systems work in tandem with the decentralized governance model to provide a unique community-driven approach to the market. For example, DeFi Yield protocol (DYP) users vote on whether undistributed DYP rewards get distributed to the token holders or burned. They also vote on new liquidity pools, fees, and other vital upgrades.

Smart Contracts

The entire DYP ecosystem features an autonomous design that relies on advanced smart contracts to eliminate the need for any human intervention. Keenly, the governance mechanism ensures that the DYP community writes the rules for the network. Smart contracts execute these rules, such as the payment of rewards to liquidity provides autonomously.

DYP is Just Getting Started

DYOP has an entire DeFi ecosystem in the works. The platform will support various other functionalities such as mining pools in the coming weeks. Impressively, DYP intends to reward miners monthly with a 10% bonus from the pool’s ETH monthly income. 

Yield Farming is another advanced DeFi functionality the DYP users will enjoy. Farmers can stake their crypto assets to earn DYP via automated yield farming pools. The platform supports various farming pools, including DYP/ETH, DYP/USDC, DYP/USDT, and DYP/WBTC.

DYP – Stake DeFi Tokens and Get Paid in Ethereum

DYP raises the bar with its new strategy. Paying out DeFi token stakers in Ethereum is sure to spur some interest in the market. Now, anyone can earn some free Ethereum by staking their tokens on DYP.

Continue Reading

Press Release

Sastanaqqam and Bybit Collaborate to Host Groundbreaking Event: “Art vs. NFTs: Bridging the Gap”

Crypto Chain Wire

Published

on

Sastanaqqam, an emerging Web3 ecosystem, has partnered with Bybit, a top-tier cryptocurrency exchange, to host an exclusive event titled “Art vs. NFTs: Bridging the Gap.” The event took place live at the Bybit office in Dubai, attracting a diverse audience of artists, digital art enthusiasts, and blockchain innovators.

The event explored the evolving relationship between traditional art and NFTs, highlighting how digital art is transforming the art world. Attendees gained insights into how NFTs are not just pixels on the blockchain but a new medium for artistic expression and ownership.

Event Highlights:

  • Live Presentations: Industry experts and artists presented their perspectives on the integration of art and NFTs, offering a deep dive into the technological advancements and cultural shifts driving this fusion.
  • Networking Opportunities: Participants had the chance to network with like-minded individuals, fostering collaborations and discussions on the future of digital art.
  • Exciting Airdrops: Attendees were eligible for exclusive airdrops, adding an element of excitement and engagement to the event.
  • Interactive Sessions: The event featured interactive sessions where guests could engage directly with speakers, asking questions and sharing their views on the dynamic landscape of NFTs in the art world.

“It’s an exciting time to be at the intersection of art and technology,” said Azzi Mohamed Mbarek, CBDO of Sastanaqqam. “This event is about more than just understanding NFTs; it’s about appreciating how they are reshaping the way we create, share, and own art. Our collaboration with Bybit reflects our commitment to pioneering new frontiers in the digital art space.”

“We were thrilled to host this event in our Dubai office,” added Phoebe, event organizer from Bybit. “Bybit is always looking for innovative ways to support and promote the Web 3.0 community, and this event is a perfect example of that. We invited everyone to join us and be part of this exciting conversation.”

For more information, visit Sastanaqqam’s website or follow us on Twitter and Instagram.

About Sastanaqqam: Sastanaqqam is a Polygon-based Web3 ecosystem where art, DeFi, education, and gaming intersect. Backed by its native $Bloo token, Sastanaqqam offers a seamless user experience across its platforms, democratizing access to the benefits of Web3 technology.

About Bybit: Bybit is one of the world’s leading cryptocurrency exchanges, providing a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support.

PR Contact:
ZEX PR WIRE
info@zexprwire.com

Continue Reading

Press Release

EXOLO’s Triple Success: Revolutionizing Crypto at Key 2024 Events

Crypto Chain Wire

Published

on

In a year marked by extraordinary advancements in the cryptocurrency sector, EXOLO has solidified its position as a frontrunner in innovation, security, and transparency. Their participation in three prestigious events – TOKEN2049 Dubai, Hong Kong WOW Summit, and Crypto Expo Dubai 2024 – highlights their commitment to transforming the digital finance landscape and showcasing pioneering security measures and transparent operations.

TOKEN2049: Pioneering Security in the Crypto World

TOKEN2049 was a significant milestone for EXOLO, held from April 18-19, 2024. The event attracted over 10,000 attendees from more than 4,000 companies worldwide. EXOLO’s booth showcased cutting-edge security technology through an engaging mind game, highlighting their 7-layer security system. EXOLO’s speaker’s address on the aftermath of the FTX collapse and the importance of “proof of reserves” resonated with the audience, emphasizing their dedication to transparency and security.

The event’s after-exhibition party, sponsored by EXOLO, was a perfect opportunity to deepen connections with industry leaders, including influential venture capitalists and Key Opinion Leaders (KOLs). EXOLO’s active participation underscored its role as a pioneer in integrating advanced technology with core financial principles.

Hong Kong WOW Summit: A Milestone in Web3 Revolution

Sponsoring and participating in the 2024 Hong Kong WOW Summit was a key milestone in EXOLO’s Web3 revolution journey. The summit provided EXOLO with an unmatched opportunity to engage directly with industry leaders, forge valuable connections, and showcase innovations. Their exhibition booth, a vibrant hub of engagement and excitement, drew attendees into a unique experience, reflecting the innovative spirit at the heart of EXOLO.

EXOLO’s speaker’s presentation at the summit delved into the evolving economy, institutional adoption of Bitcoin, and the implications of major crypto entities’ collapses, providing profound insights into the shifts and trends shaping the financial future. His interview highlighted EXOLO’s mission to innovate safely and transparently, celebrating the growing acceptance of crypto by once-skeptical institutions.

Crypto Expo 2024: A Showcase of Transparency

Crypto Expo 2024 brought together the brightest minds in the crypto universe. EXOLO’s booth, designed with a transparency theme, stood out for its cutting-edge security features and engaging interactions. Visitors praised EXOLO’s 7-layer security system and the proof of reserve consensus mechanism, which set them apart from other exchanges. The booth’s design and technology received huge compliments, reinforcing EXOLO’s reputation for prioritizing security and transparency.

A Unified Vision for the Future

EXOLO’s consistent performance across these events highlights their unwavering dedication to security, innovation, and transparency. By implementing a robust 7-layer security system and adopting the proof of reserve consensus mechanism, EXOLO ensures a secure and transparent platform for all users. These features, combined with their regulatory compliance, make EXOLO one of the most trusted crypto exchanges in the market.

About EXOLO

EXOLO is at the forefront of the cryptocurrency exchange industry, offering one of the most secure trading platforms worldwide. With advanced security measures and a strong emphasis on transparency, EXOLO is dedicated to providing a safe and robust platform for digital currency transactions. For more information, visit EXOLO’s website.

By excelling at these landmark events, EXOLO has solidified its reputation as a leader in the cryptocurrency exchange space. Their commitment to innovation, security, and transparency continues to drive them forward, ensuring they remain at the cutting edge of the digital finance revolution.

Continue Reading

Press Release

3000+ Attendees Hail Crypto Expo Dubai 2024 as a Resounding Success.

Crypto Chain Wire

Published

on

The highly anticipated Crypto Expo Dubai 2024 commenced with remarkable enthusiasm and energy, marking a successful event with more then 3000+ Attendees, 50+ Speaker, 50+ Sponsors. Industry leaders, innovators, and enthusiasts gathered at the event to explore the future of cryptocurrency and blockchain technology.

The Expo featured an array of influential speakers who shared their insights and visions, captivating the audience with their knowledge and experience. Notable speakers included:

  • Ahmed Elmetwally, CEO & General Director, Private Office of Sheikh Mohamed Bin Ahmed Bin Hamadan Al Nahyan, who delivered an inspiring keynote on the transformative power of blockchain in the UAE’s financial landscape.
  • Peter Peng, Founder & CEO of GPT Protocol, provided an engaging talk on the advancements in AI and blockchain integration.
  • Pekka Kelkka, Founder, web3 advisor, and educator at Papa Blockchain talked about in a panel Pushing the boundaries of Web 3 innovation – How to build a successful WEB3 brand – Digital Identity in Web 3.0: Privacy, Security, and Self-Sovereignty
  • Belal Jassoma, Director of Ecosystems at DMCC, discussed the pivotal role of Dubai in fostering a thriving crypto ecosystem.
  • Sasha Ivanov, Founder of Units Network, shared his vision for Re-staking and Endgame for Blockchain Scalability: extended consensus and proof of re-stake.
  • Arthur Azizov, CEO of B2Broker, highlighted the Revolutionizing Finance: The Power of Digital Assets in Brokerage
  • Serena Sebastiani, Director of Financial Services Advisory and Virtual Assets Consulting Lead at PwC Middle East provided expert insights discussed in a Panel about Blockchain Shaping the Future of Decentralized Technologies and Beyond.
  • Anton Patrynika, Founder of Haust, talked about DeFi Dilemmas: Navigating the Wild West of Decentralized Finance.
  • Myriam Ben Sayeh, Director of Product Management at Mastercard, discussed in a Panel about Blockchain Shaping the Future of Decentralized Technologies and Beyond.
  • Paul “The Profit” Dawalibi, CEO of Holodeck Ventures, captivated the audience with his strategies in a panel about Metaverse 2024: Forging the Route to a Novel Reality in Cultural and Entertainment Spheres
  • Max Lighter, General Manager MENA & CIS at XT.com, who delivered a keynote on Tokenization Revolution: Building Tomorrow’s Financial Landscape
  • Pratik Gauri, CEO of 5irechain, provided a visionary outlook on Blockchain for Sustainability: Exploring Decentralized Solutions in the Fifth Industrial Revolution

The exhibition floor buzzed with activity as attendees explored the latest innovations from leading exhibitors, including MULTIBNK, EXOLO, HASHAI, BST, and CRATD2C. These titans showcased cutting-edge technologies and solutions, further solidifying Crypto Expo Dubai as a premier event in the crypto space.

Highlights:

  • Inspiring Keynotes: Industry leaders presented groundbreaking ideas and future forecasts.
  • Innovative Exhibitions: Attendees engaged with the latest products and services transforming the crypto landscape.
  • Networking Opportunities: Professionals from around the world connected, fostering collaborations and partnerships.
  • Interactive Workshops: Participants gained hands-on experience and practical knowledge from experts in various fields.

George, chief operating officer at multibank.io commented, ” Our booth’s attracted substantial traffic despite the summer season, and the turnout has exceeded our expectations. This being our first expo, we’re eager to participate in future Crypto Expo Edition and see continued innovation in the expo experience.”

Bumi Kamesh Manchal, Head of Growth at EXOLO Commented “The organization of Crypto Expo Dubai 2024 was excellent. As a representative of Exolo, I had the opportunity to connect with fantastic people and potential partners. The event set a high standard for future expos, and we received an incredible response at our booth. I look forward to participating in future editions with my team.”

Charles Cieters, Co-Founder/Core BIZ ADV, CratD2C commented, we are very pleased with the event’s setup and the organization of our booth, which was exceptionally well managed. The management team was excellent, and we had great interactions with attendees. This being our second participation, we are definitely looking forward particate in future Crypto Expo editions.

Crypto Expo Dubai is a premier event that brings together the brightest minds and leading voices in the cryptocurrency and blockchain industries. Held annually in the vibrant city of Dubai, this expo serves as a global platform for industry professionals, investors, enthusiasts, and innovators to converge and discuss the latest trends, technologies, and developments in the crypto space.

For more information, visit https://cryptoexpodubai.com/ .

Continue Reading

Trending