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DeFi Yield Protocol Integrates with the Binance Smart Chain (BSC)

Team Bitcoin Daily

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The DeFi Yield Protocol (DYP) is a leading blockchain-based DeFi project that offers crypto users the ability to provide liquidity and earn rewards directly in ETH.

The platform has an anti-manipulation feature that converts DYP rewards into ETH without excessively affecting the token price, thus facilitating users to earn rewards with minimal risks.

Since the launch of the DYP staking dApp this past January, liquidity providers (LPs) on the platform have earned 7,064.11 ETH worth $14,870,593.42.

At the same time, the innovative DeFi project’s liquidity from Uniswap has exploded 20 fold since the launch of the staking dApp to hit a whopping $19 million.

DYP boasts a user-friendly and straightforward interface that can accommodate both novice and pro yield farmers.

The protocol now plans to introduce the DYP Tools to serve as the core feature of the entire DeFi ecosystem. The decentralized tool’s dashboard will launch soon, increasing the use case for DYP native tokens.

The tools will serve as a decentralized hub for the entire DeFi ecosystem, providing innovative solutions such as a liquidity locker for all projects. 

The DYP tools will also integrate a decentralized trust score for any new venture, helping the DeFi community avoid rug pulls.

DYP Protocol Has Gone to Binance Smart Chain!

The latest development for the DYP project is the integration with BSC, allowing LPs to choose between three different types of rewards: ETH, BNB, or DYP.

The integration of BSC for the DeFi Yield Protocol staking and governance dApp is expected to enhance the entire DYP community’s liquidity and pave the path for other developments shortly!

Moreover, the DYP token is now available on Binance Chain, allowing more crypto enthusiasts to access the DYP ecosystem.

Earn Rewards For Locking Liquidity on BSC  

DYP users can now add liquidity to any of the available pools PancakeSwap (DYP/BNB, DYP/ETH and DYP/BUSD) and receive lucrative rewards in ETH, BNB, or DYP. Users have already added $510K worth of liquidity to PancakeSwap.

To become a liquidity provider and start earning liquidity, investors must deposit PancakeSwap LP tokens into any of the four available pools mentioned above. 

Each pool offers four different staking options, with monthly yields starting from 30.000 DYP up to 100.000 depending on the lock time (minimum 3 days up to 90 days).

Smart contracts will automatically convert all pool rewards from DYP to BNB every 24 hours to maintain the DYP token price stability. Then, ETH/BNB/DYP is distributed to the LPs, who can choose which token they want to receive as rewards.

Smart contracts allow for a -2.5% slippage on the DYP price. Suppose the price is affected by more than this percentage. In that case, the maximum DYP amount that does not affect the price is automatically swapped to BNB, with the remaining amount distributed in the next day’s rewards. 

DYP governance gets to vote on whether to burn or disburse any undistributed DYP rewards to token holders after seven days.

How to Swap DYP to the BSC Network

If you own DYP tokens on Ethereum Network, you can easily add liquidity to a PancakeSwap pool and start earning WBNB rewards. 

To do so, you should visit the DeFi Yield Protocol Bridge to swap the tokens from the ETH to the BSC network. Here is a detailed tutorial on implementing the swap via your metamask wallet and start earning rewards on BSC. 

It is important to note that the maximum amount you can swap per wallet every 24 hours is 10,000 DYP. If you wish to swop your tokens from BSC back to ETH, you need to follow the same steps in the tutorial.

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Press Release

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

Crypto Chain Wire

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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.

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Press Release

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

Crypto Chain Wire

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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/ .

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Press Release

Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Crypto Chain Wire

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Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project’s Twitter, where the team labeled the presale investors as ‘morons’.

“You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!” reads the tweet from Eddie Seal profile.

This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.

The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.

It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.

The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

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