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

Team Bitcoin Daily

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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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Zeebu Takes ETHDenver by Storm as Cypher Sponsor, Presents ZBU Governance Hackathon with Prize Pool of Over $45K in Prizes, $2M in Grants

Crypto Chain Wire

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Zeebu’s participation and sponsorship at ETHDenver spotlight the future of DeFi and blockchain governance, setting a new standard for community and developer engagement.

Zeebu, a pioneering force in the DeFi and Web3 space, announces its participation as a Cypher Sponsor at ETHDenver, the world’s largest and longest-running ETH event, taking place from February 23rd to March 3rd. This sponsorship marks Zeebu’s commitment to nurturing the Web3 community, fostering innovation, and promoting the spirit of #BUIDLing. With a series of keynotes, hackathons, and unique community engagement initiatives, Zeebu aims to inspire and catalyze the next generation of blockchain brilliance.

“ETHDenver represents not just a community gathering, but a melting pot of ideas shaping the future of blockchain. We’re here to be a part of that future—to contribute, learn, and grow with the community,” says Raj Brahmbhatt, Founder and CEO of Zeebu. “Our involvement as a Cypher Sponsor underscores our belief in the power of community-driven innovation and our commitment to the DeFi ecosystem.”

At the heart of ETHDenver, Zeebu will be a participant and a significant contributor, supporting the future of blockchain and connecting with industry peers, innovators, founders, developers, and the broader Ethereum community. The event will feature Zeebu’s team delivering insights into the future of decentralized finance and Zeebu’s role in revolutionizing the telecom settlement process with Web3 technologies.

“DeFi is at an inflection point, and at Zeebu, we are at the forefront of harnessing its potential to transform industries. Our presentation at ETHDenver will shed light on where we see the space heading and how Zeebu is leading the charge in making these technologies accessible and impactful,” shares Keshav Pandya, Co-founder & COO of Zeebu.

Adding to the excitement, Zeebu announces an exciting lineup of events and initiatives, including:

ZBU Governance Innovation Hackathon

Zeebu is set to host the ZBU Governance Innovation Hackathon, challenging participants to create groundbreaking solutions for blockchain governance. With prizes totalling $48,000 USDC for the winners and special grants worth up to $2 million in ZBU tokens for budding projects, the hackathon represents a significant opportunity for developers and startups to impact the future of Zeebu’s blockchain ecosystem.

Booth Donation Initiative

Zeebu is donating its booth space to showcase emerging talents and projects, emphasizing support for the community’s growth.

Empowering Innovators: Sponsorship for Developers

By sponsoring over 100 developers, Zeebu aims to boost innovation and support new talents in the Ethereum ecosystem.

Zeebu’s Visionaries Share Their Insights

Raj Brahmbhatt and Keshav Pandya, Zeebu’s leading minds, are set to deliver talks on the transformative impact of DeFi and Zeebu’s role in shaping the future of payments technology.

The ten-day event will begin with ETHDenver’s flagship hackathon, dubbed #BUIDLathon, and progress into the Main Event beginning February 29, 2024. The event will feature an NFT gallery, gaming arcade, workshops, networking gatherings, and more.

For more information on Zeebu, please visit zeebu.com.

About Zeebu

Zeebu, the pioneering Web3 Neobank, having settled more than $900M in telecom transactions, is quickly emerging as a trusted payment and settlement partner for global telecom businesses. Currently serving over 100 active telecom carriers, the platform is revolutionizing the industry by introducing blockchain-based settlements and the ZBU loyalty token. The ZBU token facilitates instant and secure global transactions and rewards participants for successful settlements on the platform.

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Web3 Neobank Platform, Zeebu Unveils Major Token Burn Through Phoenix Protocol

Crypto Chain Wire

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Zeebu, the Web3 Neobank platform, has recently announced a strategic move to introduce the ZBU Phoenix Protocol. This initiative, aimed at optimizing token supply, underscores Zeebu’s commitment to build an ecosystem with a foundation of trust, backed by transparency and sustainability. 

Zeebu is a blockchain-based platform, specifically engineered for telecom transactions. It aims to revolutionize the sector by enabling automated settlements, facilitating seamless global payments, and bolstering efficiency and security through a unified telecom payment ecosystem. The ZBU token is a key component of the Zeebu platform. It plays a pivotal role in enabling smooth global transactions and introducing an on-chain loyalty mechanism. The ZBU loyalty token serves to incentivize and reward partners within the ecosystem for their active participation.

At the core of Zeebu’s ethos lies a steadfast commitment to revolutionizing finance and fostering sustainable growth. With the introduction of the ZBU Phoenix Protocol, Zeebu reaffirms its dedication to enhancing the long-term value proposition of the ZBU token in the market. The ZBU Phoenix Protocol, inspired by the symbolic cycle of rebirth and renewal associated with the phoenix, is meticulously crafted to strengthen the ZBU ecosystem’s health and stability.

The ZBU Token Burn Program is designed to systematically reduce the total supply of ZBU tokens, thereby enhancing market stability and fortifying the foundation of the Zeebu ecosystem. Through a carefully calibrated auto-burn mechanism, Zeebu will dynamically adjust the burn quantity based on consumption patterns and market prices, ensuring a balanced approach to token management.

Transparency and accountability are at the forefront of Zeebu’s operations. Each token burn event will be meticulously recorded and publicly accessible on the blockchain, providing stakeholders with full visibility into the process. Additionally, a portion of the tokens from the accumulated burning pool will be allocated towards new initiatives, further enriching the Zeebu ecosystem.

“The ZBU Token Burn Program reflects our commitment to innovation and sustainability in the decentralized finance space,” said Raj Brahmbhatt, the CEO and Founder of Zeebu. “By implementing this initiative, we aim to ensure a stable market presence of $ZBU token, while also promoting ecosystem growth.”

As Zeebu continues to spearhead innovation in the realm of decentralized finance, the ZBU Token Burn Program serves as a cornerstone of its strategic vision. By reducing token supply systematically and transparently, Zeebu is poised to create a more resilient and prosperous financial ecosystem for all stakeholders.

Zeebu is gearing up to release more specifics about the timeline and quantity for the ZBU token burn. The comprehensive information about the Phoenix Protocol can be found here.

About Zeebu:

‍Zeebu, the pioneering Web3 Neobank, having settled more than half a billion in telecom transactions, is quickly emerging as a trusted payment and settlement partner for global telecom businesses. The platform, currently serving over 100 active telecom carriers, is revolutionizing the industry with the introduction of blockchain-based settlements and the ZBU loyalty token. The ZBU token is designed to facilitate instant and secure global transactions and reward participants for successful settlements on the platform.

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una Messenger: The Omnichain Communication Platform For a Truly Unbound Universal Blockchain Ecosystem

Crypto Chain Wire

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  • New, evolved iteration of “PAPYRUS” token-gated messenger creates and links vast communities connected through tokens within the blockchain ecosystem
  • Upcoming “una Swap” feature facilitates asset swaps across multiple chains in a single transaction; “mudskipper” function automatically acquires native coins required to complete each transaction
  • unagi Naming Service (uNS) replaces lengthy wallet addresses with a unique personalized identity

una Messenger, the new, evolved iteration of the “PAPYRUS Messenger” token-gated communication platform, was revealed on February 11 by leading global web3 developer Wemade as the comprehensive communication platform of the WEMIX Foundation “unagi” omnichain initiative. unagi (shorthand for “Unbound Networking & Accelerating Growth Initiative”), pioneers the mass adoption of blockchain by seamlessly integrating diverse blockchains and services. 

Unbound and transparent communication

Going beyond its origin as a platform for WEMIX-based communities, una Messenger creates and links vast communities connected through tokens within the blockchain ecosystem. una Messenger offers both official channels for each token that any holder can join and private channels that are accessible based on each holder’s digital assets where you can chat about tokens, NFTs, and other various topics. This innovative communication approach for exchanging opinions and assets is done by connecting all blockchain networks and digital assets supported by unagi through either una Wallet, WEMIX Wallet, PLAY Wallet, or Wepublic Wallet.

The first step as una Messenger begins with the integration of Wepublic Wallet and DAO. The Wepublic platform launched by Wemade, which utilises blockchain technology, is a platform that allows users to create and transparently operate their own decentralised autonomous organisations (DAOs). With the inclusion of the Wepublic Wallet to the existing supported wallets, all DAOs active within Wepublic can now establish new communication channels using una Messenger. Moreover, SBT(Soul Bound Token) issued within DAOs will serve as Proof of Qualification for entering DAO channels in una Messenger, facilitating more active communication between DAO members in each channel.

una Messenger also promises to deliver much more vivid and meaningful communication via the upcoming live streaming chat feature. Live Streaming will not only help boost interaction and engagement between users, but also build and expand the shared communities connected through una Messenger. 

New omnichain interactive DeFi features

The upcoming “una Swap” feature facilitates asset swaps across multiple chains in a single transaction. Now, both ideas and assets can be easily exchanged across all chains within the networks supporting the unagi initiative including Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, Klaytn, Kroma, Polygon and WEMIX3.0. 

una Swap 2.0 will introduce the “mudskipper” function designed to streamline asset transfers across multiple chains while alleviating concerns about possessing network-specific native coins required for gas fees. Simply put, “mudskipper” will automatically process cross-chain swaps and transactions by acquiring the native coins required to complete each transaction.

Another una Messenger innovation, the unagi Naming Service (uNS) will revolutionise user experience by providing a convenient solution that allows users to replace lengthy wallet addresses with a unique personalised identity. This not only simplifies asset exchanges but also fosters a more engaging communication environment.

With the introduction of innovative features like una Swap and live streaming, and a novel approach to omnichain interactive DeFi, una Messenger has evolved into a unified communication platform that enables the creation of immersive and dynamic user experiences. una Messenger is the one and only communication platform for a truly unbound universal blockchain ecosystem.

Download una Messenger from the Google Play Store or Apple App Store, or visit www.unamessenger.com for more information.

About Wemade 

WEMADE aims to accelerate the mass adoption of blockchain technology, and is building through its WEMIX subsidiary, an experience-based, platform-driven, and service-oriented mega-ecosystem. Based on the WEMIX3.0 Mainnet, the WEMIX ecosystem features a wide spectrum of intuitive, convenient, and easy-to-use Web3 protocols and services. www.wemade.com / www.wemix.com/communication 

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