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DeFi Yield Protocol is Turning Heads in 2021: A Look into New Developments

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Decentralized finance is the latest booming development in the cryptocurrency space, with DEXes snowballing. DeFi Yield Protocol (DYP) is a unique protocol that allows any user to provide liquidity, get ETH as returns while maintaining the token price. Unlike some DeFi user interfaces, the DYP interface is quite simple and can accommodate both new and experienced yield farmers.

DYP was launched in the third quarter of 2020 and has grown significantly since then. The company currently has more than $ 56 million in Total Locked Value (TVL) and has paid a total of 4,769.41 ETH ($6,326,052) to liquidity providers during the period. Investors can earn up to 100.14 ETH in just 24 hours, making it one of the best farming protocols out there. The coming month, March, will see DYP bring significant updates to its platform. Here’s what you should expect:

DYP Earn Vault

The DYP earn vault is an automated yield farming contract. For a deposited particular token, the protocol automates a yield farming plan of action by transferring provider funds between the highest profit platform generators. The feature will go live between 20 March and the 25th.

75% of the profits will be converted into ETH and distributed to liquidity providers. In comparison, the remaining 25% will buy back the protocol’s governance token to increase liquidity and maintain token price stability.

DYP earn vault offers support for five tokens, including ETH, WBTC, USDC, USDT, and DAI. Liquidity providers can use their tokens for 3, 30, 60, 90, and 120 days.

New Staking Pools on PancakeSwap

According to the DYP roadmap, in the first quarter of 2020, they listed adding staking pools.

PancakeSwap prides itself on being faster and cheaper than Uniswap. The decentralized application (Dapp) introduced in late 2020 has grown to become one of the largest in BSC. It is in direct competition to other well-known projects such as Uniswap and Sushiswap.

By leveraging PancakeSwap, users can take advantage of all DeFi features from token swapping, staking, farming to NFT. It offers an automated market maker (AMM) working under a smart contract and opens up the world for consumers to enjoy a large and attractive world of DeFi. The relationship with Binance offers the decentralized exchange an extensive network of assets, scalable, and low fees.

DYP Tools

Users should expect more DYP tools from 25 March – 30 March, including custom DEX tools dashboard and DEX project information for DYP DEX users. The tools put together open-source data cached from the latest liquidity providers and decentralized exchanges (DEX). The information will be available on the custom DEX tools dashboard hence helping the investors make informed decisions to see maximized yields. 

The DYP tools will also be linked to Uniswap, enabling users to view and explore pools/pairs on the exchange and access trading charts and DEX real-time info for all listed projects.

By tapping into the DYP liquidity locker, the tools will generate a 100% decentralized trust score. The trust score is computed based on general criteria, including a project’s contract security audits and liquidity on Uniswap.

Ethereum Mining Pool

One of the events planned for the first quarter of 2021 is implementing the ETH Mining Pool created with an investment of over $ 1 million.

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

To claim monthly DYP tokens, users must first join the DYP set, no fee ETH mining pool. With this, they get to earn more ETH monthly.

The ETH mining fund and yield farming provide all miners with a monthly DYP bonus of 10% + 0% mining fees. The mining pool bonuses pay a maximum amount of DYP with a Price Impact of -2.5%.

The DYP team is waiting to achieve 250 GH/s; the Hashrate to roll out a mining pool. So far, the protocol has managed 35 GH/s Hashrate from miners.

DYP Lending

Next up is DYP lending that is expected anytime from 20 April – 25 April. Using smart contracts in projects allows consumers to pool their assets and distribute them to borrowers, using the credit rules set out in the contract.

With DYP lending, consumers can borrow or lend DYP tokens in a completely decentralized manner. Consumers who wish to become lenders send their tokens to a specific money market and receive interest on their tokens depending on the APY. Automatically, the platform calculates it when the smart contract converts DYP to ETH at 00:00 UTC.

New CEX Listing and Bridge Between BSC and ETH

The DYP platform hopes to issue its tokens on more exchanges. Last year it made its first listing on Uniswap as it is the leading DEX exchange for DeFi projects with high real liquidity. According to DYP, it is sure that more CEX exchanges will come. DYP has said that the top 50 exchanges have contacted them for listing. 

The DYP team has also launched a bridge that will allow users to switch DYP between the Binance Smart Contracts (BSC) and the Ethereum Networks.

As an Ethereum based platform, DYP users enjoy maximum interoperability in the market. You can use your token on other DeFi platforms that support this unique financial instrument. You can also store your DYP tokens in an ERC-20 compatible wallet.

Summing Up

With the ongoing updates, we can expect the protocol to receive more attention from the crypto community. For the rest of the year, the protocol expects to launch a new Ethereum mining pool after Ethereum moves to PoS to provide built-in insurance for all DYP liquidity providers and further extension and project growth in different areas. 

DeFi Yield Protocol aims to handle whale manipulation and impermanent loss and make the space more accessible to a larger pool of users. Its solutions also aim to automate the yield farming process, providing optimal returns for liquidity providers, which are the industry’s cornerstone.

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BULLZ launches new campaign manager for web3 projects to collaborate with content creators

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BULLZ, known as the “TikTok of Crypto ”, is the first dedicated platform for users to discover and get rewarded for blockchain and crypto-related recommendations. Meanwhile having onboarded creators with an amassed 24m+ reach, the app has announced its feature expansion for verified creators and web3 projects to collaborate seamlessly. The new BULLZ Campaign Manager is available for any web3 related project to launch a campaign and receive user-generated content from top verified creators.

Brands can now instantly set up content requests through the BULLZ Campaign Manager to help boost their marketing, social proof and overall project awareness. After setting up the campaign, it is immediately broadcasted to verified BULLZ creators directly within the app. Creators can view the details, discover the project and decide whether to submit to the campaign by creating and uploading a video about the project.

Depending on the campaign settings, content creators can also earn more rewards for sharing the content on Twitter and/or Instagram. This ensures the content creation and content distribution for web3 brands. After submitting to a campaign, creators receive the $WOM reward instantly in their wallet. Since the content is part of a brand campaign, it is labeled as “sponsored” within the BULLZ app to ensure transparency. BULLZ has already initiated first campaign use-cases with various crypto projects, including Jigstack, Mad Metaverse, and leading music NFT Marketplace ROCKI.

Bjorn Niclas, CEO & Co-Founder – ROCKI: “We are excited to create campaigns on BULLZ as it not only supports our content marketing but in a way also helps onboard more potential users who might have not known about ROCKI but now get to learn more about what we are doing. Videos are also a great medium to grab attention and bring awareness.”

Melanie Mohr, CEO & Founder of BULLZ: “This new feature for brands and creators will really fuel web3 marketing and community building to a next level. We know how hard it is for web3 related projects to market the amazing products they are building. Now they can easily set up campaigns as content requests in under 5 minutes and start seeing the first influx of content around their products. There is no selection process, as every verified creator sees the campaign and can personally decide to submit or not. This helps maintain authenticity and is seen within the content.”

The BULLZ app is available for both iOS and android users. BULLZ has integrated the WOM Protocol as an economic incentive system that allows users to monetize their word-of-mouth recommendations about blockchain-related projects.

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 seasoned investors from around the globe. For more info about WOM: https://womprotocol.io

About BULLZ

BULLZ is a dedicated app 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 “promote to earn” model, users are rewarded with WOM Tokens for their recommendations directly within the app. For more information about BULLZ: https://bullz.com

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Lyfe, the first music artist to debut its own Metaverse

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Miami-based entrepreneur Antonio Trincao, a.k.a. Lyfe, has unveiled the imminent release of his music album and the most innovative entertainment experiences and concerts in his own unique medium: The Odyssey Metaverse.

Introducing Lyfe from The Odyssey

After turning his career from being a tech entrepreneur to a full time music artist, Antonio Trincao a.ka. Lyfe shares how he got to do this transition in his career:

“My dream is to create music that becomes the bridge for anyone to start pursuing their own dreams. I believe that we live in a period in time that we are going through a global spiritual awakening, where people will actually want to break free. My generation wants to eat well, exercise, study, learn, dream and celebrate life in the most meaningful manner.

We want to make money and live our life by doing what we love.

I came to terms that I want to pursue what I love. And I found that one of the main pillars of this revolution of “pursuing what you love” will be the Metaverse. I think if done right, it will become the foundation that allows people to ideate, create and pursue their dreams, and develop their own businesses in a transparent and truly engaging online world.

The thing I’m proud, is that we actually have a Metaverse platform that works, has beautiful 3D graphics that provides a pleasant experience for fans, has engaging features that as an example allows fans to meet me virtually and see me, and works in any smartphone or laptop. No headsets needed.

On the other hand I also love real life. I love people. I love performing, but the power that a virtual world platform gives to you is unbelievable, because there is no limit of what you can do.

So I want to revolutionize the entertainment industry by co-ideating with my fans the most spectacular worlds, and perform the most unique concert experiences first in The Odyssey and then replicating in real life.”

Lyfe shared that he gained this knowledge after producing a virtual concert back in 2020 with super stars Farina and Toosii that had more than 40,000 attendees and 1,000,000 views across social media platforms.

The former tech entrepreneur shares also shared that the first step to be part embark on this journey is getting the Lyfe book.

“I decided to create a book with 6 chapters, with a strong focus on my life journey until now as an entrepreneur. Not from a place of ego, but more from a place of vulnerability so that people understand why I am doing this.

In 2020 I had one of the most turbulent years of my life after pivoting my first company (events marketplace) to a virtual events platform, face rapid growth and fail to deliver product to customers.

This led to a huge financial crisis and debt and something that was the catalyst to really ask what do I want to do with my life!

Building something out of nothing, and tell a story with true purpose, it’s probably one of the best feelings in life. You really feel like a pirate on the discovery of the unknown. Although my problem is that I never truly pursued the purpose I believed in, in the way that I’m truly made to pursue. In the way that I truly love, and in the way that I know I’m gifted. Through music.”

The Lyfe NFT Book

On June 20th, 2022, Lyfe unveils the real-life NFT book with a limited edition of 50,000 copies, that contains the journey for Lyfe fans including his story, the why of his music, and citizenship passes to access The Odyssey Metaverse entertainment experiences.

Lyfe journey to The Odyssey shared in the Book

Lyfe and his team have created a journey that serves the purpose of his music.

Empowering humans to bring their dreams to life.

Lyfe states “I feel that the world has lost its soul, and at the same time we are looking to feel more spiritually connected. My music and the type of concert experiences that I will create for my fans will help them discover their passions, and what they truly love. This book, the music and experiences that I create it’s all about helping you get there.”

The First Step

Lyfe is dropping the first song from his album, with the sole purpose of empowering his fans to pursue what they love in life.

Those holding Lyfe’s NFT book will also have a partial royalty on the song launch.

Lyfe shared “My dream is that the song translates the messaging behind the Lyfe Revolution, which serves has a daily ignitor and catalyst to help humans pursue the very best version of themselves.

On top of that, I believe this is the first time of the history of our civilization that we can actually break free, achieve the financial freedom that we always dreamed about and truly pursue what our heart and dreams wants. Therefore all the holders of the book should have a partial royalty, because this song was made for them. To support them. To empower them.” 

The Second Step

Lyfe is challenging all its community members to get the Galatian NFT a collection of 7,777 characters with the sole goal of doing the #lyfexercise a 5-day tech detox.

Galatians will have to turn off their smartphones, laptops, and hardware devices during this period. Instead of using their devices, they will have to connect with their inner spiritual soul by writing and thinking about various questions such as:

●  What makes them happy?

●  What are their fears?

●  What are their dreams?

●  What have they accomplished in the last 2, 3, 5, or 10 years?

●  What are they ashamed of?

After completing the challenge, members will be rewarded with an exclusive Lyfe metaverse video concert airdrop and special merch members only sale.

Lyfe shared “I want my fans to feel empowered from day one. I want them to think about what they truly love in life. And let my music be their daily friend that comes and says hi while they go on that journey.

The Third Step

Lyfe will launch the y-Chains, a 2,000 edition in real life, and Metaverse chains, giving Lyfe fans “The Galatians” a citizenship pass in The Odyssey Metaverse. The citizenship pass will feature two elements:

●  Full features that come with the citizenship, including video calls, shopping in-world, events, so that Lyfe Fans “The Galatians” can meet Lyfe and other members, and participate in experiences

●  Access to the all areas of The Odyssey and discovery Lyfe’s most unique entertainment experiences.


Lyfe quotes:

“My vision is actually to create entertainment experiences designed by the fans. I want to co-build concerts with my fans and community. I want them to ideate experiences, create products, organize event experiences so we can build the most unique entertainment experiences that the world has ever seen.”

Lyfe shared with our team that, more chapters will be unlocked after the Chapter 3 y-Chains but as of right now remain in secrecy and will be only revealed upon completion.

Lyfe also states his wish to help shift from the culture of “addiction” and overuse of online platforms like Facebook or Instagram:

“One of the very first things I want to achieve with our community that we are creating is that my fans have a limit of 4 hours a day of usage in The Odyssey. My team and I think 4 hours will allow fans to experience the best entertainment experiences online, meeting other like-minded fans and still enjoy the outside world and spend time in real life.”

About Lyfe

Antonio Trincao, a.k.a. Lyfe, is an artist and entrepreneur based in Miami, Florida. 

“I see myself more as a Steward of the message: Pursue what you love. I want to create music that endures the purpose of this community. Now, I am actively recruiting to fill all executive positions, including CEO and COO to help operate The Odyssey which will be the playground for my fans and my concert experiences, while I focus on what I love… Music!”

The Odyssey aims to become a defining project in crypto, NFTs, and the Metaverse. Lyfe and his project will launch a summer tour of events, starting with the official launch during NFT NYC, where fans can meet Lyfe and get to learn more about his vision in person.

For more information and to start your journey with Lyfe please follow the links below:

Lyfe | website | Lyfe on Instagram |

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Inaugural ZENCON a resounding success

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Over 200 participants and attendees of the 68-Hour-Hackathon produced 24 projects across 5 categories on the newly introduced ZENIQ Smartchain. Conference to return next year.

It wasn’t only the views that were breathtaking. Once the virtual dust had settled, so were the results of the inaugural “ZENCON Technology Conference and Innovation Awards Hackathon” at the Grand Hyatt Hotel conference location in Playa del Carmen, Mexico.

Under a strict time limit of just 68 hours the attendees of the Hackathon event produced stunning results that made the high-caliber jury of Shahin Kamran (Vice President Blockchain Product Development & Innovation at Mastercard), Oderli Ferriani (CEO TUPAN.io a S.E.C regulated token), Rodrigo Espinosa (DIRECTOR at Greentech cluster & International Cleantech network), Mag. Erwin Dokter (CEO of ZENIQ(R) Technologies Ltd.) and Fernando Unzue (Business Technical Director in Data Loyalty) wonder if it would be fair to declare winners.

“We knew we arguably had some of the brightest minds in blockchain development on site here in Mexico. But then these hackers came storming out of the gates and the results were nothing short of spectacular,” said Dokter, co-founder of ZENIQ, the company behind ZENCON. “It’s exactly what we hoped for – an in-person event that would spark creativity and showcase what the ZENIQ Blockchain and Smartchain really are capable of.”

It is fair to say that the conference checked both boxes. In total, 200 developers and innovators attended the conference, making the inaugural event a resounding success. 24 projects were created across five categories. Eventually, the jury had to make a call and awarded these projects prizes ranging between 10,000 and 20,000 USD.

The second inaugural “ZENCON Technology Conference and Innovation Awards Hackathon” will be held in June 2023. The location will be announced at a later point in time.

CATEGORIES & WINNING PROJECTS

  • In the “Metaverse/Gaming” challenge, contrary to expectations, two extraordinarily exciting projects will share the $20,000 with $10,000 per project.
    • TeMe – An easier and more fun way to manage the information of the company’s employees (10.000$)
    • Netverse (A metaverse-project where the players can challenge each other for an amount of ZENIQ tokens) (10.000$)
  • In the “NFTs/Tokenization” challenge, the $20,000 prize money will be distributed to the N Farm project. N Farm is an NFT platform for the certification of food of animal origin that facilitates normative export.
  • In the Challenge “Decentralised Finance (DeFi) & Defi 2.0”, the $20,000 prize money goes to the True Commit project. The team builds accountability into finance and links investments directly to final purchases.
  • The $20,000 of “The world of Web 3.0/Tools & Infrastructure” Challenge was won by the team “Data Link”. The team focuses on incentives for data sharing and credential verification in the chain.
  • The category “B2B/B2C solutions on the ecosystem” presented a particularly exciting picture for all participants. The top prize of $20,000 went to DemeterGift. Their project focuses on fundraising as a service on the web3.

In addition, there were two special prizes that no one had expected. One was the Huitzil project, which simplifies the creation of smart contracts. The other was the FiDora project, which specialises in the decentralisation of real assets. Both projects were accepted into the ZENIQ Incubator Programme.

QUOTES

“ZENCON was a wonderful experience and I cannot wait to be a part of the next edition”, Damiany Rosales, Durango-Mexico

“I learned a lot about blockchain in general and how to interact and meet a lot of people from a lot of countries”, Salvador Gutierrez, Durango

“We came here with no expectations and were very pleasantly surprised to find so many motivated talents from all over the world. We are convinced that ZENIQ is creating a platform that will change the world for good. ZENIQ to the moon!”, Balint Tatai, Austria

“A fantastic hotel and a great opportunity to meet wonderful people and very well organised.

My team and I are already looking forward to next year’s event!” Vitali Kromine, London UK

About ZENCON

Introduced in 2022, ZENCON by ZENIQ is an annual technology conference and event to unleash the power of the ZENIQ blockchain technology. With more than 11,000 applicants for only 200 coveted spots, the ZENCON Hackathon will feature some of the world’s finest blockchain developers and innovation leaders. ZENCON 2022 is being held in Playa del Carmen, Mexico from June 3-8, 2022. More information about ZENCON can be found by visiting www.zencon.io.

About ZENIQ Technologies Ltd.

The blockchain project was launched in 2018 and ZENIQ Technologies Ltd. was officially established in May 2021. It is a research and development company that develops customised, proprietary software and hardware solutions based on blockchain technology. Based in Dubai, UAE, the company has quickly made a name for itself with the ZENIQ Hub, a unique hardware device for fully integrated decentralised usage of blockchain applications. Learn more about the ZENIQ ecosystem at www.zeniq.com.

Media Contact:

pr@zeniq.com

Eric Heinemann

CMO of ZENIQ Technologies

PR Contact:

ZEXPRWIRE

info@zexprwire.com

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