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

Team Bitcoin Daily

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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

 Wemade and MYSTiC Games to onboard new highly inter-operable games to WEMIX PLAY

Crypto Chain Wire

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  • First Swedish company to join WEMIX PLAY global blockchain gaming platform
  • New RPG games feature innovative blockchain-based elements VoYd Tokens, VoYd Heart and VoYd Soul 
  • Fully inter-operable: VoYd Tokens and NFTs earned can be used across all current and future games built on MYSTiC GAMES’ Catalyst platform 

Leading global game developer Wemade has signed an onboarding agreement with MYSTiC GAMES, the first Swedish game studio to onboard games to WEMIX PLAY, the world’s biggest blockchain gaming platform. With over 9 million cumulative users, WEMIX PLAY offering close to 40 web3 games including the hugely successful MIR4 and its sequel, MIR M: Vanguard and Vagabond, the largest P&E MMORPG in the world; collectible card game Summoners League; and farming simulation game Every Farm.

MYSTiC GAMES will onboard “Call of the VoYd” and “Heroes of the VoYd”, the first two games that will offer full cross compatibility in its growing ecosystem. 

“Call of the VoYd” is a free-to-play, mobile-first cross-platform top-down ARPG Roguelite game with auto-aim precision. As players progress through the game, they collect various characters and items, each with its unique set of skills and abilities. 

“Heroes of the VoYd” is an easy-to-play idle RPG that combines simple effective core gameplay with strategic decision-making. Players must fight against monsters to unearth new heroes and unique weapons.

They can trade, sell, or use these in-game items inside and outside the game to customize their characters. These items will also be transferable between players, and can be spent in-game as well as staked and sold. 

VoYd Tokens, Voyd Heart, Voyd Soul

VoYd tokens and NFTs will be shared across future games with the tokens playing a crucial role in “Heroes of the VoYd”. Serving as an in-game currency, players can utilize tokens for various purposes, but the primary focus is on using tokens to level up their Heroes.

The games feature innovative blockchain elements like the prestigious VoYd Heart and VoYd Soul which offer a range of benefits including the ability to safeguard gameplay progress by saving levels, and unlock additional game content like heroes and chests. VoYd Souls will also include an increased role in the MYSTiC DAO that will manage the entire gaming ecosystem.

“We believe in a future where your time and skill in gaming can be just as valuable as your time spent working and with other hobbies,” said Matthew Buxton, CEO of MYSTiC GAMES. “We look forward to a bright future together.”

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Its WEMIX PLAY global blockchain gaming platform (www.wemixplay.com) offers everything from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, SNG, MOBA and MMORPG games. Besides standard GameFi services like exchange, staking, swap, pool and bridge, WEMIX PLAY also offers a marketplace to trade NFTs and a Drops feature for developers to launch new collections.

About MYSTiC GAMES

MYSTiC GAMES is a crew of industry veterans on a mission to create the next wave of heart stopping multiplayer mobile games. We’re player first, player friendly and soon to be player owned. For more information, please visit:  https://mysticgames.dev/

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Press Release

Saitama Unveils Groundbreaking Layer 0 Blockchain: SaitaChain

Crypto Chain Wire

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Saitama, an esteemed pioneer in the Web 3.0 domain, has made an exciting announcement regarding its latest creation, SaitaChain. This revolutionary Layer 0 blockchain has the potential to reshape the decentralized finance (DeFi) landscape by offering exceptional transaction speeds and competitive fee structures. SaitaChain stands as a testament to Saitama’s commitment to pushing the boundaries of blockchain technology and fostering innovation.

SaitaChain is not simply an incremental improvement on existing technology; it represents a fundamental shift in blockchain architecture. By leveraging advanced sharding techniques, this Layer 0 blockchain addresses the pressing challenges faced by Layer 1 counterparts, such as congestion and exorbitant gas fees. The launch of the alpha testnet this month signifies a strategic leap forward, providing developers and users alike with a more efficient, secure, and user-friendly environment.

The SaitaChain Roadmap – A detailed glimpse into the future.

At the heart of the SaitaChain ecosystem lies the Saitama Token, a versatile cryptocurrency that plays a pivotal role in facilitating transactions and fueling gas fees. The integration of the Saitama Token within SaitaChain emphasizes Saitama‘s vision of a decentralized financial system that prioritizes efficiency and affordability.

In conjunction with the introduction of SaitaChain, Saitama has also revealed the operational launch of XBridge, an innovative blockchain bridge connecting the Ethereum (ERC) blockchain with the Binance Smart Chain (BSC). Released on October 23, 2023, XBridge is an impressive technological feat that unlocks unparalleled interoperability and flexibility in the realm of DeFi. Users can now seamlessly transfer assets between these blockchains, gaining enhanced market access and increased liquidity options.

Saitama‘s commitment to making DeFi accessible to everyone is evident in their suite of products. The Saitama Token, the SaitaPro app, and the SaitaCard are all part of a cohesive strategy to demystify and mainstream DeFi. The SaitaCard, in particular, stands out with its global ATM access, diverse payment options, and seamless integration with the SaitaPro app, all without the burden of monthly fees.

SaitaPro, a non-custodial wallet that supports multiple blockchains, offers a secure and intuitive platform for asset management. Its collaboration with ePayme enhances the user experience by simplifying the purchase of cryptocurrencies.

Saitama’s expansion into logistics with SaitaLogistics, in partnership with ePayme, exemplifies their innovative use of blockchain technology in practical, real-world applications. This peer-to-peer logistics system facilitates secure cryptocurrency transactions, streamlining the shipping process on a global scale.

SaitaChain serves as the cornerstone of Saitama’s expanding ecosystem, which includes SaitaSwap, an innovative multi-chain decentralized swap platform designed to cater to cryptocurrency investors with secure token trading capabilities.

In reality, SaitaChain is much more than just a blockchain; it serves as a strong foundation for constructing a more integrated, inclusive, and efficient blockchain ecosystem. Saitama‘s pioneering work in Layer 0 technology is helping to chart a path for the future of DeFi, setting the standard for future evolutions of the blockchain landscape.

As Saitama continues its leadership role in advancing blockchain technology, SaitaChain will play a crucial role in supporting a more secure, streamlined, and accessible financial system. Saitama’s vision of a decentralized financial future depends on their innovation and execution, and their continued dedication to progress will help create a more decentralized, efficient, and equitable financial world.

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Press Release

 Wemade to support blockchain gaming ecosystems growth in Dubai and the UAE through collaboration with Dubai Chambers 

Crypto Chain Wire

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Wemade CEO Henry Chang (left) meets with Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers (right)

  • Wemade is the first and biggest Korean game developer to establish official talks for joint collaborations with Dubai Chambers
  • Talks mark next phase of Wemade’s efforts to support the growth of blockchain gaming ecosystems in Dubai and the UAE

Henry Chang, the CEO of leading South Korea-based gaming giant Wemade met with H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, to discuss a broader scope for future collaboration. Wemade is the first and biggest Korean game developer to establish talks with Dubai Chambers for broad plans to contribute to game development industry initiatives. The meeting between CEO Chang and Dubai Chambers’ President and CEO H.E. Lootah marks the next phase of Wemade’s efforts to support and grow blockchain gaming ecosystems in Dubai and the UAE. 

As an advocate for the interests of Dubai’s business community, Dubai Chambers serves as a bridge connecting the local business community with Dubai’s dynamic government and is committed to ensuring a thriving environment in which businesses can flourish. The chamber seeks to facilitate and improve the ease of doing business in the emirate and advance Dubai’s position as a highly competitive global commercial centre. 

“The UAE is among the most dynamic regions building the next generation of games and gaming industry talent with Dubai and key stakeholders including Dubai Chambers playing an important role,” said Henry Chang, CEO, Wemade. “Wemade will focus on working with Dubai Chambers to explore how we can contribute our expertise and technology to support key initiatives including the Dubai Program for Gaming 2033.”

H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are pleased to initiate this collaboration with Wemade, which will contribute to driving innovation in the UAE’s rapidly evolving digital ecosystem. Dubai’s growing influence in the global gaming and blockchain arenas reflects our dedication to fostering an ecosystem that is rich in technological expertise. We remain committed to further strengthening the emirate’s position as a leading global hub at the heart of the digital economy.”

Unveiled recently by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and Chairman of the Board of Trustees of Dubai Future Foundation (DFF), the Dubai Program for Gaming 2033 set out major industry goals. These are: to position Dubai among the top 10 cities in the global gaming industry; generate 30,000 new jobs in the gaming sector; significantly boost the sector’s contribution to the growth of Dubai’s digital economy; and increase the GDP by approximately US$1 billion by 2033. 

About WEMADE

A renowned industry leader and innovator in game development, Wemade is now leading a once-in-a-generation shift as the global games industry pivots to blockchain technology. Through subsidiary WEMIX, Wemade is building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. This includes WEMIX PLAY, the world’s biggest blockchain gaming platform which can transform games of every genre into blockchain games. www.wemix.com/communication.

About Dubai Chambers

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit: www.dubaichambers.com 

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