Connect with us

Press Release

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

Avatar

Published

2 years ago

on

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.

Related Topics:
Continue Reading

Press Release

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

Crypto Chain Wire

Published

1 week ago

on

May 25, 2023

By

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

Continue Reading

Press Release

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

Crypto Chain Wire

Published

1 week ago

on

May 24, 2023

By

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.

Continue Reading

Press Release

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

Avatar

Published

4 weeks ago

on

May 9, 2023

By

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/

Continue Reading

Trending