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DeFi Yield Protocol Liquidity Providers Earn $204,718 in ETH in just 10 days Staking DYP

Published

4 years ago

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The Defi yield protocol (DYP) allows all users to provide liquidity while earning returns in DYP, the native ERC-20 token token underpinning the project. 

The DYP token has been available for purchase and trading on leading Defi platform Uniswap for some time, with liquidity locked for one year with UniCrypt.

Contracts for DYP are routinely audited by PeckShield and the Blockchain Consilium and rely on SecurityOracle. These safeguards help protect the decentralized network from smart contract bugs that can result in security breaches such as flash loan attacks.

The DYP interface is also quite simplified, enabling both novel and professional yield farmers to use the protocol and earn lucrative rewards. The secure and user-friendly nature of the DYP platform guarantees users the best experience in open finance.

What’s more, DYP’s governance dApp gives full control of the protocol to the community, which votes on vital upgrades such as new liquidity pools and fees. This governance mechanism promotes transparency and fairness and deters nefarious actors from infiltrating the network.

The DYP Staking Protocol is Live!

DYP has now unveiled its unique staking protocol that allows users to provide liquidity and earn rewards via the ETH smart contract integrated with the Metamask wallet. Now all crypto enthusiasts can earn some free ETH by staking their tokens on DYP.

DYP staking pools allow token holders to activate Ethereum rewards and access a wide range of benefits via the DYP staking and governance dApp. The protocol amassed $36M in total value locked (TVL) just over a week after launch and looks sure to spur some interest in the market by rewarding stakers in Ethereum. As of this article’s writing, TVL stands at just over $46M.

To celebrate the staking dApp launch and the listing on Uniswap and Bithumb Global, the DYP team has announced it will give away $1000 worth of ETH. The protocol supports several staking pools; DYP/ETH, DYP/USDT, DYP/WBTC, and DYP/USDC pools are currently available to users.

Investors can start earning passive income by depositing liquidity provider tokens (Uniswap LP tokens) into the available DYP staking pools. To access the staking dApp and choose your staking pool, click on app.dyp.finance and connect your Metamask wallet. 

Each pool comes with four distinct staking options and offers rewards starting from 30.000 DYP up to 100.000 DYP each month, depending on the lock time (minimum of three days up to 90 days). 

Essentially, DYP functions like most other Defi tokens in terms of staking and governance, although it raises the bar with its new strategy that pushes ROI to the maximum. 

For one, the platform stands out because of its issues rewards paid in Ethereum directly, a feature that helps ease inflation while integrating additional value in the ETH ecosystem.  

Moreover, all DYP staking pools feature an integrated anti-manipulation feature that guarantees a minimum of 2.5% slippage. This tech allows staking pools to maintain token price stability while offering a secure and streamlined process for end-users. 

DYP Moves to Solve Issues Plaguing DeFi

The dev team behind DYP set out to solve the biggest problem plaguing the Defi space, which is whales’ power to control DeFi networks. One famous example of such a whale attack was the recent Sushi dump where the anonymous founder of SushiSwap dumped his tokens for ETH.

The DYP protocol prevents such occurrences by automatically converting all DYP tokens to ETH. The system then distributes the rewards to liquidity providers in a fair way to all pool participants.

In detail, the DYP system automatically converts all pool rewards from DYP to ETH at 00:00 UTC every day; Wrapped Ethereum (WETH) is distributed as a reward to the liquidity providers.

The DYP smart contract is also designed to maintain the DYP token price. Whenever the DYP price fluctuates beyond 2.5% in value, the maximum token amount that doesn’t affect the price is swapped to ETH. The anti-manipulation feature then distributes any remaining DYP tokens in the next day’s rewards. 

If there are still leftover DYP tokens, the protocol’s decentralized governance model kicks in; the DYP governance gets to vote on whether undistributed DYP rewards will be issued to token holders or burned.

As of this article’s writing, DeFi Yield Protocol paid 290 ETH rewards worth $204,718.78 in just 10 days to the liquidity providers. 

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Press Release

CertiK to Showcase Web3 Security Innovations at Hong Kong Web3 Festival 2025

Published

2 weeks ago

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February 12, 2025

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CertiK, the leading Web3 security firm, announced its participation in the Hong Kong Web3 Festival 2025, one of the largest and most influential Web3 events of the year. As a key player in blockchain security, CertiK will highlight its largest advancements in smart contract auditing, formal verification, and ecosystem solutions at the event, reinforcing its commitment to safeguarding the Web3 industry.

The Hong Kong Web3 Festival 2025, taking place from April 6–9, 2025, will bring together industry leaders, innovators, and policymakers to explore the latest trends and challenges in blockchain technology. CertiK’s presence at the event underscores its role as a trusted security partner for Web3 projects worldwide.

CertiK enters 2025, following a year of major achievements:

Apple acknowledged CertiK for the sixth time for identifying a vulnerability in Apple Vision Pro’s eye-tracking technology, while Samsung recognized CertiK’s discovery of a high-severity issue in the Blockchain Keystore.
● CertiK completed the first-ever formal verification of the ZKWasm Circuit, a breakthrough in the ZK-proof ecosystem.
● CertiK expanded its security expertise into the Decentralized Physical Infrastructure Network (DePIN) space, working with projects like APhone and Aethir to mitigate security risks.
● CertiK audited six of Forbes’ Top 10 Tokens in the first half of 2024, including TON, Core DAO, PEPE, FLOKI, FET, and Bitget.
● CertiK contributed stablecoin regulatory proposals to the Hong Kong Monetary Authority (HKMA) and Hong Kong’s Financial Services and the Treasury Bureau (FSTB), both of which were approved.
Beyond security, CertiK is actively investing in Web3 growth through CertiK Ventures, a newly launched investment initiative with a multi-million dollar fund dedicated to supporting emerging blockchain projects.

As Web3 adoption accelerates, security remains a top priority for both Web3 projects and investors. CertiK invites attendees to connect at the festival to explore how its cutting-edge security solutions can protect and empower Web3 innovations.
CertiK’s Official Website: https://www.certik.com/

Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en

About CertiK

CertiK is a pioneer in blockchain security, utilizing industry-leading formal verification technology to protect and monitor blockchain protocols and smart contracts. Founded in 2018 by professors from Yale University and Columbia University, CertiK’s mission is to secure the Web3 world. CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.

One of the fastest-growing and most trusted companies in blockchain security, CertiK is a true market leader. To date, CertiK has worked with more than 4,800 enterprise clients, secured over $530 billion worth of digital assets, and detected more than 115,000 vulnerabilities in blockchain code. Our clients include industry-leading projects such as Aptos, Ripple, Sandbox, Polygon, BNB Chain, and TON.

CertiK is backed by InsightPartners, Sequoia, Tiger Global, Coatue Management, Lightspeed, Advent International, SoftBank, Hillhouse Capital, Goldman Sachs, Coinbase Ventures,
Binance, Shunwei Capital, IDG Capital, Wing, Legend Star, Danhua Capital, and other investors.

Follow Discord, Telegram, and Twitter for the latest news and announcements.

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TiDB Sponsors HK Web3 Festival 2025: Empowering Web3 Innovation and Infrastructure

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2 weeks ago

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February 11, 2025

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For the third consecutive year, TiDB is proud to sponsor the HK Web3 Festival 2025, a global gathering of Web3 pioneers and industry leaders. This premier event highlights the latest developments in decentralized technology and its transformative potential across industries.

As a leader in data management solutions for Web3 infrastructure and wallet services, TiDB plays a pivotal role in driving innovation within the decentralized ecosystem. From managing massive on-chain data to enabling real-time queries analytics for DeFi and NFT platforms, TiDB empowers developers and businesses to unlock new opportunities in the Web3 space.

The Growing Importance of On-Chain Data Services

Web3 is reshaping the internet by leveraging decentralized technologies and smart contracts. At the heart of this evolution are on-chain data services, which act as the backbone for countless Web3 applications. These services are critical for:

  • Unlocking Blockchain Value: Blockchain data holds immense untapped potential. Data service providers extract actionable insights from this “gold mine,” offering solutions that drive business value.
  • Preventing Redundancy: Web3 fosters knowledge sharing. By enabling developers, companies, and wallet users to access shared data services, TiDB reduces repetitive efforts.
  • Driving Competition and Innovation: In the race to solve industry pain points, data providers delivering the fastest and most effective solutions gain a competitive edge.
  • Supporting dApp Development: On-chain data services power decentralized application (dApp) development, fostering creativity and growth within the Web3 ecosystem.
  • Improving Data Usability: Professional data solutions ensure blockchain data is consistent, accessible, and easy to use, helping developers, businesses, and users harness its full potential.

TiDB: The Backbone of High-Performance Web3 Data Services

TiDB is an open-source, distributed SQL database designed to handle the unique workload requirements of Web3. With its ability to scale efficiently, manage large-scale data, and deliver high-performance analytics, TiDB is uniquely suited to support the demands of decentralized applications and infrastructure.

For a deeper dive into how TiDB is shaping the future of Web3 data services, read our whitepaper here.

Join Us at HK Web3 Festival 2025

KV

Visit TiDB at Booth H18 during the HK Web3 Festival 2025 to explore the future of blockchain and discover how our database solutions are driving innovation in the Web3 ecosystem. Let’s shape the future of decentralized technology together!

Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en

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Digital Revenue World: Your Trusted Guide in the Cryptocurrency Investment Landscape

Published

2 weeks ago

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February 10, 2025

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In an era where the cryptocurrency market is evolving at an unprecedented pace, investors and enthusiasts are constantly seeking reliable, in-depth, and actionable insights to navigate this dynamic landscape. Enter Digital Revenue World, a comprehensive platform dedicated to empowering cryptocurrency investors with expert analysis, detailed reviews, and cutting-edge market insights.  

With over 15,000 cryptocurrencies evaluated, Digital Revenue World has established itself as a trusted resource for both seasoned investors and newcomers alike. The platform offers a wide range of services tailored to meet the unique needs of the crypto community, including in-depth reviews of cryptocurrencies, exchanges, wallets, and security protocols. By delivering meticulously researched insights, Digital Revenue World ensures that its users are equipped with the knowledge they need to make informed investment decisions.  

“Our mission is simple: to provide clarity and confidence in the often complex world of cryptocurrency investing,” said the Digital Revenue World team. “We carefully evaluate each cryptocurrency, analyze market trends, and deliver reliable comparisons to help our users stay ahead of the curve. Whether you’re looking to diversify your portfolio or explore new opportunities, we’re here to guide you every step of the way.”  

What Sets Digital Revenue World Apart?

Digital Revenue World stands out in the crowded cryptocurrency space by offering:  

  1. Expert Analysis: A dedicated team of professionals conducts thorough evaluations of cryptocurrencies, ensuring users have access to accurate and up-to-date information.  
  2. Comprehensive Review*: From emerging altcoins to established giants like Bitcoin and Ethereum, the platform covers a wide spectrum of digital assets.  
  3. Market Trends and Insights: Stay informed about the latest developments, trends, and opportunities in the crypto market.  
  4. Security and Trust: With a focus on security, Digital Revenue World provides valuable guidance on safeguarding investments and navigating the risks associated with digital assets.  

The platform’s user-friendly interface and commitment to transparency have made it a go-to destination for cryptocurrency enthusiasts worldwide. Whether you’re exploring new investment opportunities or seeking to optimize your existing portfolio, Digital Revenue World offers the tools and insights you need to succeed.  

Join the Digital Revenue World Community

Digital Revenue World is more than just a platform—it’s a community of like-minded individuals passionate about the future of cryptocurrency. By connecting with Digital Revenue World on Facebook and Instagram, users can stay updated on the latest reviews, market trends, and expert advice.  

“We believe that knowledge is power, and our goal is to empower our users to make confident, informed decisions,” the team added. “Cryptocurrency investing doesn’t have to be overwhelming. With the right resources and guidance, anyone can navigate this exciting space and achieve their financial goals.”  

For more information, visit https://digitalrevenueworldcoin.com/ and join the growing community of informed investors today.  

About Digital Revenue World

Digital Revenue World is a leading platform offering comprehensive cryptocurrency reviews, market insights, and expert analysis. With over 15,000 cryptocurrencies evaluated, the platform is dedicated to helping investors make informed decisions and navigate the ever-changing world of digital assets.  

Website: https://digitalrevenueworldcoin.com/  

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