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DeFi Yield Protocol Introduces Fixed DYP Rewards and The ETH Mining Pool

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2 years ago

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The DeFi Yield Protocol (DYP) offers crypto holders a new way to earn rewards directly in Ethereum for providing liquidity. Holders of DYP, the native token underpinning the project, can provide liquidity and earn rewards via the ETH smart contract integrated with Metamask and Trustwallet.

According to the official DeFi Yield Protocol’s official Twitter page, DYP liquidity providers have currently earned 1,443.67 ETH via the project’s unique staking dApp in just 33 days. Investors earned 66.82 ETH in the past 24 hours!        

Any crypto enthusiast can start earning ETH rewards today by depositing their liquidity provider tokens (Uniswap LP tokens) into the corresponding initial list of pools. There are four liquidity pools currently available, DYP-ETH, DYP-WBTC, DYP-USDC, and DYP-USDT. 

Each pool offers four distinct staking options, with monthly rewards starting from 30,000 DYP up to 100,000 DYP. The amount of DYP earned depends on each pool’s lock time (from 3 days up to 90 days). 

The DYP platform also focuses on defying the notion that DeFi is a space where whales have the power to control the network. The protocol guards investors against whale attacks by automatically converting all pool rewards from DYP to ETH every day at 00:00 UTC. Smart contracts then distribute wrapped Ethereum (WETH) as rewards to liquidity providers.

This anti-manipulation feature lowers the risk of DYP price volatility or a whale dump that would crash the DYP price instantly, thus guaranteeing the stability of the native token’s value. 

Introducing Fixed DYP Rewards

This month, DYP is launching staking pools with daily rewards starting from 20% APR up to 35% APR. The returns received will depend on the lock time from a minimum of 30 days up to 120 days.

The upcoming development will help investors automatically add their daily rewards to the staking pool with 0% fees via the RE-INVEST function. DYP also plans to integrate its referral program, where users get 5% of their friend’s rewards whenever the friend stakes DYP.

The DeFi Yield Protocol also intends to contribute to the crypto ecosystem with a DYP liquidity locker for token developers and support to lock Uniswap liquidity for multiple pools. 

Other upcoming features include support for multiple lockers with different unlock times and support for numerous vesting lockers for Uniswap liquidity.

The DYP ETH Mining Pool Is Coming in Q1 of 2021

One of the scheduled events for Q1 of 2021 is the rollout of the ETH Mining Pool set up with an investment of over $1 million (the Whitelist is currently running).

Participants in the ETH mining pool stand to receive a 10% monthly bonus of the ETH monthly income earned. For instance, if the ETH price is $1000, the DYP price is $5, and a user’s monthly estimated earnings are 1 ETH, then each miner address that interacts with the DYP smart contract will earn a monthly bonus of 20 DYP tokens worth $100.

Users who wish to claim monthly DYP tokens must first join the zero-fee ETH mining pool set up by the DYP team, meaning they will also earn more ETH monthly. 

The ETH mining pool & yield farming for miners will provide a 10% monthly DYP bonus + 0% mining fees to all miners. The mining pool bonuses will disburse a maximum amount of DYP with a -2.5% Price Impact.

The DYP team is currently waiting to achieve the Hashrate required to mine a pool (250 GH/s) to roll out the mining pool. So far, the protocol has clocked up 35 GH/s Hashrate from miners.

Other Upcoming Developments in Q1 2021

The DYP Earn Vault’s launch is also scheduled for the first quarter of this year. This upcoming feature, which is currently in development, is an automated yield farming contract that maximizes returns by moving providers’ funds through the most profitable platforms.

75% of Earn Vault’s profits will be dispersed among the liquidity providers, while the remaining 25% will be used to buyback DYP governance protocol tokens to enhance liquidity.

The DYP Earn Vault will offer support for ETH, WBTC, USDC, USDT, and DAI in 5 lockup durations/pools for each deposit token (durations of 3, 30, 60, 90, and 120 days).

The DeFi Yield Protocol also plans to introduce Uniswap Integration to periodically auto-buy DYP tokens using above 25% fees and send them to a burn address. The feature will offer rewards in ETH, WBTC, USDC, USDT, DAI, + extra DYP rewards for each pool.

Users also get access to an Additional Claim function for compound rewards and the option to Re-Invest DYP rewards with constant staking integration.

The DYP Tools With Decentralized Trust Score 

The DYP team will soon launch DYP tools in Q1 of 2021 to capture data cached from decentralized exchanges (DEX) and the latest liquidity providers. The custom DEX tools dashboard will also gather data from the latest open-source information such as Etherscan to help all DeFi investors make prudent investment decisions.

Users will also view and explore Uniswap pools/pairs and get access to trading charts and DEX real-time info. The DYP tools are set to create an informative platform that shows all the existing projects listed on Uniswap with unique features. 

The tools will utilize the DYP liquidity locker to offer projects a 100% decentralized trust score based on vital facts such as their liquidity locked. Other criteria considered include the state of their contract security audits and whether the project team is public or not. 

The trust score will also be computed based on whether the liquidity on Uniswap was added by the contract creator’s address or by a token holder.

Moreover, the DYP tools home page will come with a link that takes traders directly to the listed tokens on Uniswap or another exchange. Top projects are ranked based only on their trust score, which is obtained in a fully decentralized manner.

Token holders of a particular project can access a “Community Trust” feature that allows them to vote on vital issues regarding the project.

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Press Release

Wojak Inu Goes Live on Dex-Trade, Aiming for New Heights

Crypto Chain Wire

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1 week ago

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May 25, 2023

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Wojak Inu, a new memecoin project, is creating a buzz in the crypto world. Recently listed on Dex-Trade Exchange, Wojak Inu offers users an innovative and secure way to invest in digital currency. The project comes with no taxes, locked and burned liquidity pool (LP) tokens, and a renounced contract.

With its unique features, Wojak Inu aims for greater heights as it continues gaining momentum in the memecoin niche. The latest listing operation is an essential milestone in its journey to becoming a significant player in the crypto space.

The Importance of the Latest Listing Operation

$WOJAKINU’s listing on Dex-Trade is an essential milestone in the growth and development of the memecoin project. It’s a significant step in making the memecoin more accessible to traders and investors. With its new listing on Dex-Trade, Wojak Inu ($WOJAKINU) now has a variety of trading pairs available with high liquidity.

Specifically, crypto enthusiasts can trade Wojak Inu ($WOJAKINU) on the platform with the $SHIB, $DOGE, and $USDT. This makes it easier for traders to access the memecoin and take advantage of its many benefits.

Dex-Trade is one of the leading exchanges in the crypto space. In this context, Wojak Inu’s team is delighted to be part of its growing network. With its listing on the exchange, Wojak Inu ($WOJAKINU) can now reach a much wider audience and gain further recognition.

Following $PEPE’s Success

Wojak Inu is a decentralized asset that offers users an innovative and secure way to invest in digital currency. The team has allocated 92.8% of tokens to the liquidity pool, LP tokens burnt, and a smart contract audit completed by SolidProof. 

The team is leading a large marketing campaign to create market awareness around the project. As a community-based cryptocurrency, Wojak Inu has gained popularity among crypto enthusiasts and investors. 

Its community has grown rapidly, with crypto enthusiasts joining every day to be part of this new venture. With a strong development team and a dedicated community, Wojak Inu looks poised for success in the world of cryptocurrency.

Seeing the success of $PEPE, Wojak Inu decided to capitalize on it by introducing new features targeting the memecoin sector. Having already hundreds of Hodlers on board, they look forward to further crypto growth.

About Wojak Inu

Wojak Inu is a memecoin-based project that seeks to revolutionize this growing niche. It features unique characteristics, such as zero taxes and LP burnt/contract renounced.

The community powers this project, and the team has plans to create generational wealth for its holders. The future of Wojak Inu will see NFTs, merchandise, staking, farming, and Tier 1 Exchange listing.

Going live on Dex-Trade marks an essential milestone in the growth of Wojak Inu. With a growing community, innovative features, and comprehensive marketing campaigns, this initiative aims for greatness.

Its website and social media pages are valid sources to follow the project’s latest developments.

Telegram | Twitter

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Press Release

Cogito announces New Digital Asset Class – Propelling Crypto into a New Era with AI

Crypto Chain Wire

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1 week ago

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May 24, 2023

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With the release of its CGV coin, Cogito Protocol is presenting an AI-powered solution in the Crypto space that will change the world. This revolution will begin on SingularityDAO, Seedify, GeniusX, and EnjinStarter on June 2nd 2023.

The Cogito protocol provides a framework that creates “tracercoins”, which are digital assets with low volatility. These tracercoins are an entirely new asset class – AI-powered, Fiat Independent and have the potential to become the dominant form of exchange and value storage mechanism. 

These digital assets are designed to offer stability without being directly correlated to traditional currencies or commodities. Instead, they are linked to non-financial indices that represent human progress, with an example of a GCOIN being pegged to an environmental Green Index.

The Important Details to Know About CGV

The Cogito Protocol is launching the CGV Token Generation Event (TGE) on June 2nd 2023. Sales will start from 29th May 2023 across the various platforms mentioned below. The Cogito Protocol’s governance and utility token, CGV, will enable the community to directly contribute to the roadmap of the project and influence various parameters of tracercoin

The total supply of CGV will follow a predetermined distribution:

More detailed information about the TGE and Cogito Tokenomics can be found here. 

Disrupting the Crypto Sector with Tracercoins

Cogito is transforming the crypto sector with its innovative tracercoin concept. Tracercoins are digital assets pegged to non-financial indices and maintain their stability through soft pegging. 

The system consists of a data layer and an AI tool layer, which generate a Green Index. This index tracks positive progress towards a net-zero economy with roughly 1-2% appreciation.

GCOIN is the first tracercoin coming from Cogito, and it traces the Green Index on a 1:1 basis. 

To maintain the peg, Cogito has implemented a mechanism known as the ‘Capital Adequacy Ratio’ that works as a foundation for a number of underlying functions.

Extensive financial modeling ensures that the tracercoins offer users stable deposit rewards and are financially stable over the long term. 

The team’s paper on Academia.edu provides more information and simulations. Through its tracercoins, Cogito is disrupting the crypto sector and providing a much-needed solution to the challenge of price volatility. Check here for more information on the team behind Cogito Protocol. 

About Cogito

Cogito Protocol is a spin-off of SingularityNET, a renowned AI-oriented company. Cogito offers a framework for creating tracercoins, which are a new class of assets that range from low to medium-volatility growth assets. This approach helps attract a diverse, global investor base with a low to medium risk appetite.

Cogito applies the highest standards of risk management schedules for regulatory compliance, asset protection, and market integrity. The roadmap has five phases: ecosystem integration, extended portfolio, risk-weighted reserve, multi-chain presence, and use cases outside crypto.

By employing SingularityNET’s AI technology, Cogito offers users unparalleled capital deployment and risk management opportunities. Anyone wishing to discover this upcoming project can visit the team’s website. The social media pages below are also a more than valid source of information.

Twitter | Telegram | Linkedin | Medium | Discord

Enquiries related to Marketing/ Business/ PR, do contact us here.

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Press Release

BULLZ and Mazer Gaming Partner To Educate, Entertain and Expand Web3 GameFi Space

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4 weeks ago

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May 9, 2023

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BULLZ, the Web3 social platform, and growth marketing leader, today announced its partnership with Mazer Gaming, an esports and entertainment organization actively involved in growing the Web3 GameFi space. The partnership will enable Mazer Gaming to connect with the rapidly growing team of 60k+ creators on BULLZ, while onboarding its network of dedicated gaming video creators and streamers onto the BULLZ app. As a result, the Web3 gaming industry will see an influx of skilled content creators ready to spread storytelling, education, and adoption.

Thanks to the recent launch of BULLZ creator rewards for publishing video content on Twitch, Mazor Gaming will onboard a number of notable Twitch creators, including:

  • Choi (34.5k followers)

Valued at $1.39billion in 2022, and expected to grow at a CAGR of 16.7% over the next seven years (yahoo!finance), the esports industry, which has been gradually gaining ground since the 1970s, is now beginning to expand into a multi-billion dollar industry thanks to the prevalence of streaming software. Meanwhile over the past few years blockchain technology has enabled game publishers to enter the blockchain gaming (GameFi) sector and incentivize players, and creators, to monetize their passions. 

BULLZ empowers creators to get rewarded for video content that spreads awareness and education for blockchain, NFTs, DeFi, and DAO projects. Described as the “TikTok for Web3”, the platform has garnered more than 96k+ peer-reviewed videos since its launch in late 2021. Using the integrated WOM Protocol‘s authentication system, BULLZ ensures only high-quality content is eligible for earning WOM rewards. With an average of more than 400+ users rating each video, the community acts as content nodes, establishing trust in the content. The WOM Protocol automatically rewards creators for their content, and authenticators for their peer reviews, ensuring the community is valued for their contributions. 

As a versatile esports organization with an active presence in Web3, Mazor Gaming is helping to bridge the gap between esports and GameFi by spreading more education and adoption of blockchain, crypto, and NFTs. In this effort, Mazor Gaming has launched a monthly crypto-infused esports event, the Mazer Gaming Gives Back Tournament Series, that features a wide range of game titles and raises money for charity during the stream. 

Through the partnership, Mazor Gaming will gain access to user-generated content via the BULLZ Campaign Manager, while onboarding its own creator network onto the BULLZ app to join collaborations. The BULLZ Campaign Manager empowers Web3 projects to create multi-layered content strategies to meet multiple goals from maximum reach and engagement to authenticity and trust. Creators on the BULLZ app are instantly notified each time a new campaign is launched onto the Campaign Manager. From here creators can discover campaigns and decide whether they want to participate by creating engaging videos in exchange for rewards. Creators can increase their earning potential further by sharing the content on their wider social accounts, which now include Twitch. Numerous Web3 projects, such as 8 Finance, Youmeme, Monkey League, and Safe ZK, have already achieved great success by collaborating with creators. 

Mazer Gaming is a leading esports and entertainment organization with a mission to create championship-winning teams and produce entertaining content for fans. With a diverse 70+ team consisting of players, streamers, creators, and managers, Mazer Gaming is focused on creating a supportive community to drive to the top of esports. Founded in 2014, Mazer Gaming has since competed for various game titles, including Fortnite, Gears of War, Super Smash Bros, Pokemon Go, Halo, CS:GO, and many more. In addition, Mazer Gaming has also held its own tournaments.

The new partnership between BULLZ and Mazer Gaming provides an exciting opportunity to tap into the professional esports community and onboard gaming savvy content creators to the BULLZ network. In addition, it provides Web3 projects that are looking to revolutionize the GameFi space with the means to unlock education and drive onboarding by launching campaign collaborations with content creators. 

Samuel Kijak, CEO & Owner of Mazer Gaming, said: “The gaming sector is witnessing remarkable potential for Web3 technologies. We are delighted to collaborate with BULLZ and extend our esports community through their creator network. Together, we can offer clients and partners a compelling value proposition, centered around creator-driven marketing. Video content is the most captivating and influential marketing medium, and we are pleased to align with a platform that has accumulated outstanding partners and possesses a profound understanding of the space.”

Melanie Mohr, CEO & Founder of BULLZ, said: “Mazer Gaming has a great team that are not only growing a highly successful esports organization but helping to bridge the gap between Web2 and Web3. We’re excited to welcome Mazer Gaming and their amazing gaming creators into the BULLZ community and to firmly establish BULLZ’s expertise in the GameFi space.”

-ENDS-

About the WOM Protocol

WOM (word-of-mouth) Protocol is a blockchain-based protocol that gives brands, content creators, publishers, and social networks a way to monetize word-of-mouth recommendations on any website, app, or platform. WOM is backed by dozens of investors from around the globe. For more info about WOM: https://womprotocol.io

About BULLZ

BULLZ is a dedicated platform for discovering authentic blockchain and crypto-related recommendations. Users can find trending projects, discuss them together with other crypto enthusiasts and experts and can get rewarded for sharing their own videos about the projects and companies they love. With the “create to earn” model, users are rewarded with WOM Tokens for their recommendations directly within the app. For more information about BULLZ: https://bullz.com

About Mazer Gaming

Mazer Gaming is a leading esports and entertainment organization. Founded in 2014, Mazer Gaming has established itself as a trusted name in the industry, fostering a community of gamers and fans alike and fielding top-tier teams across multiple games including Pokemon Go, Call of Duty, Fortnite, and Valorant. For more information about Mazer Gaming: https://mazer.gg/

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