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

Team Bitcoin Daily

Published

3 years ago

on

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

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

3 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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