Connect with us

Press Release

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

Published

on

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. 

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

Continue Reading

Press Release

SlowMist Joins Hong Kong Web3 Festival 2025 as Platinum and Side-Event Sponsor

Published

on

As a team that has long focused on blockchain security and conducted in-depth research in blockchain security technologies, SlowMist will participate in the Hong Kong Web3 Festival 2025 as a Platinum & Side-event Sponsor. We look forward to sharing our deep insights and practical experiences in blockchain security with Web3 users, while also gaining the latest knowledge from various cutting-edge technology fields.

The Hong Kong Web3 Festival is one of the largest Web3 events globally, bringing together industry leaders, academic experts, and entrepreneurial elites from around the world to discuss the future development of blockchain technology and the Web3 industry. As a world-leading international financial center, Hong Kong has always been at the forefront of integrating technology and finance. We believe that in an environment of openness, inclusivity, and innovation, the Web3 industry will thrive and flourish, laying a solid foundation for the prosperity of the future digital economy.

Aligned with this vision, SlowMist, a blockchain security firm established in January 2018, aims to contribute to the secure development of the Web3 ecosystem. Founded by a team with over ten years of network security experience, SlowMist has grown to become a renowned global force in the blockchain security field. Our goal is to make the blockchain ecosystem as secure as possible for everyone. Over the years, we’ve had the privilege of working with well-known projects such as HashKey Pro, OSL, MEEX, BGE, BTCBOX, Bitget, BHEX.SG, OKX, Binance, HTX, Amber Group, Crypto.com, and more, reinforcing our commitment to enhancing blockchain security on a global scale.

We provide a wide range of services, including but not limited to security audits, threat intelligence, defense implementation, security consulting, and other security-related solutions. Additionally, we offer AML (anti-money laundering) software, MistEye (security monitoring), SlowMist Hacked (crypto hack archives), FireWall.x (smart contract firewall), Safe Staking, and other SaaS products. Since the establishment of SlowMist, we have been dedicated to continuously improving the theoretical framework for security protection throughout the Web3 project lifecycle. By providing tailored security solutions for individual projects, we are able to identify potential risks and prevent them from occurring. Our team has discovered and published several high-risk blockchain security vulnerabilities, helping to raise awareness and elevate security standards within the blockchain ecosystem.

Building on this foundation, SlowMist is excited to collaborate with our partners in shaping the future of the Web3 ecosystem and advancing Web3 security. We look forward to meeting you at the Hong Kong Web3 Festival 2025 as we embark on this exciting journey into the future of Web3 together!

SlowMist X: https://x.com/SlowMist_Team

Continue Reading

Press Release

Trescon’s World Blockchain Summit Rebrands to HODL, Signalling a Bold New Era for Innovations in Blockchain and Beyond

Published

on

Since its inception in 2017, the World Blockchain Summit (WBS) has grown into the world’s longest-running and most prestigious blockchain and Web3 event series, hosting 29 successful editions across 16 countries. Over the years, WBS has established itself as a key platform that unites global innovators, investors, and policymakers to shape the future of decentralised technology.

Today, Trescon proudly announces the evolution of this iconic event with a bold rebranding to HODL, a name that embodies resilience, progress, and the limitless potential of blockchain and Web3 ecosystems.

HODL will make its highly anticipated debut at the 30th global edition of the summit in Dubai, UAE, on April 28-29, 2025. This rebranding marks a significant shift toward positioning the event as a premier platform for serious business, innovation, and deal-making in the blockchain space.

Why the Rebrand

The transition from WBS to HODL reflects the evolution of the event from a conference series to a strategic platform driving real business outcomes. HODL now embraces not only blockchain but also the broader horizons of innovation and collaboration within Web3, crypto, and emerging decentralised systems. The focus is on creating meaningful connections between ground-breaking blockchain projects, pre-qualified investors, enterprise leaders, and government regulators. This shift reflects a commitment to facilitating collaborations that will shape the future of the blockchain industry.

What to Expect at HODL 2025 in Dubai

  • Trailblazing Thought Leaders: Hear from top blockchain innovators, industry pioneers, and government representatives shaping the future of blockchain and decentralised ecosystems.
  • Deal-Making Opportunities: Engage with pre-qualified investors actively seeking the next big blockchain projects.
  • Enterprise & Government Collaborations: Dive into discussions on regulatory frameworks, public-private partnerships, and enterprise adoption strategies for blockchain.
  • Cutting-Edge Innovations: Witness live showcases of groundbreaking blockchain use cases, crypto solutions, and Web3 technologies from around the world.

Dubai, known for its progressive blockchain policies and visionary leadership, is the perfect launchpad for the HODL brand. With Dubai’s commitment to becoming a global hub for blockchain and Web3 innovation, HODL is poised to make an unprecedented impact on the world of blockchain.

Quotes

Mohammed Saleem, Founder and Chairman, Trescon, commented:

The rebranding of World Blockchain Summit to HODL marks a pivotal moment in our journey as we move beyond simply hosting events to becoming a true enabler of blockchain and Web3 innovation.

With HODL, we aim to create a future-focused, results-driven platform that empowers projects, investors, and governments to collaborate meaningfully and shape the next era of decentralized technology.

Anil Kumar, COO, Trescon, added:

“HODL isn’t just a rebrand—it’s a redefinition of what a blockchain event should be. It is a testament to our vision of facilitating real outcomes through deal-making, partnerships, and showcasing transformative blockchain solutions to the world.

Dubai, with its ambitious blockchain agenda, is the perfect stage for this transition.”

The Legacy of WBS

For nearly a decade, the World Blockchain Summit has led the way in blockchain adoption, creating a legacy as the longest-running Web3 event. The rebrand to HODL builds on this legacy, signalling a more strategic, business-centric approach to blockchain’s integration into industries and society.

Join Us at HODL 2025 in Dubai

Mark your calendars for April 28-29, 2025, and join us in Dubai for HODL – The Vanguard of Blockchain and Beyond, where innovation meets opportunity.

For more details and early registrations, visit: hodlsummit.com/dubai2025.

About HODL

HODL is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally. It is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since its inception in 2017, it has hosted more than 20 editions in 11 countries and strives to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging start-ups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

About Trescon

Trescon is a global leader in business events, focusing on the adoption of emerging technologies and sustainable solutions. With a portfolio of industry-leading events, including

Continue Reading

Press Release

æternity Integrating with BitcoinOS Bringing Scalability, Smart Contracts, and dApps to Bitcoin

Published

on

The æternity-BitcoinOS integration will bring DeFi, scalability, and cost-effectiveness to Bitcoin users while unlocking Bitcoin’s vast liquidity to the æternity ecosystem

æternity and BitcoinOS are joining forces, unlocking new DeFi and dApp possibilities for Bitcoin users and bridging two powerful ecosystems to drive real-world blockchain adoption. Bitcoin holders know the frustration of owning a powerhouse digital asset without the means to put it to work in DeFi or dApps. As the world stands on the brink of mass blockchain adoption, interoperability between blockchains is no longer optional—it’s essential.

BitcoinOS is a groundbreaking infrastructure layer designed to give Bitcoin a new level of functionality. By enabling Bitcoin to “see” and interact with other blockchains without the need for oracles or trusted 3rd parties, BitcoinOS acts as a universal operating system that lets Bitcoin serve as more than just a digital asset—it becomes an intelligent layer for cross-chain interactions. This allows Bitcoin to securely access DeFi, dApps, and other advanced applications, tapping into the capabilities of other blockchains without compromising its core security and simplicity. Soon, most blockchains will be connected to the Grail bridge – BitcoinOS’s zero-knowledge solution for moving assets between Bitcoin and other chains with cryptographic integrity, with æternity being one of the first chains trusted to spearhead this game-changing technology.

æternity’s partnership with BitcoinOS follows the recent Cardano-BitcoinOS integration but adds even greater scalability and flexibility to Bitcoin through the use of Hyperchains. This alliance opens real DeFi opportunities for BTC users and leverages æternity’s advanced blockchain technology—including the FATE Virtual Machine, state channels, and integrated oracles—to enhance scalability and enable smart contract functionality within the Bitcoin ecosystem.

It’s a win-win: BTC’s $1.5 trillion liquidity can now be put to work across diverse applications, while æternity’s ecosystem thrives with access to Bitcoin’s extensive user base. This partnership is about giving BTC the utility it deserves while upholding the utmost standards of decentralization that both the Bitcoin and æternity communities stand for.

æternity and Bitcoin: A Natural Fit

As æternity’s core philosophy has always been akin to the principles upheld by the Bitcoin network, this integration comes naturally. Beyond that, Bitcoin and æternity share a fundamental architectural compatibility, making this partnership especially powerful. æternity’s consensus protocol, Bitcoin-NG, is directly inspired by Bitcoin’s foundational model, adapted to enable higher transaction throughput and scalability without compromising security. This makes æternity an ideal match for integrating with Bitcoin’s robust, proven network.

By aligning with BitcoinOS, æternity can leverage this shared protocol foundation to create a seamless flow of assets and data across both chains, bridging Bitcoin’s unmatched liquidity with æternity’s flexible smart contracts and high-speed processing. This compatibility allows Bitcoin holders to tap into DeFi and dApp ecosystems effortlessly while maintaining the integrity and trust they rely on from Bitcoin.

Through its upcoming hyperchains consensus upgrade, æternity will soon allow anyone to permissionlessly launch their own æternity-like sidechains for either private or public use. With this, businesses will be able to leverage æternity’s technology to launch blockchains tailored to their needs. 

The BitcoinOS x Hyperchains Effect: Unlocking Decentralization for Enterprise

This integration will significantly enhance Bitcoin’s utility, enabling BTC holders—from individuals to institutions—to leverage their assets across DeFi and dApps, all while remaining within the security perimeter of the Bitcoin network. With the addition of æternity’s Hyperchains, BitcoinOS can now access scalable, secure, and customizable blockchain networks optimized for enterprise needs.

Imagine an institution holding substantial Bitcoin reserves, now able to leverage those assets without the usual complexities. Through its upcoming Hyperchains consensus upgrade, æternity will soon allow anyone to permissionlessly launch their own æternity-style sidechains for private or public use. This flexibility means businesses can leverage æternity’s technology to create blockchains customized to their specific requirements, opening up endless possibilities for industry applications. Through Hyperchains—side-chains tethered for security to major blockchains like Bitcoin—institutions can directly engage with decentralized applications tailored to their needs. This integration allows them to deploy Bitcoin liquidity in institutional-grade lending, real-time cross-border transactions, and tokenized asset management, all within a secure, trustless framework. Hyperchains provide scalability and efficiency without sacrificing the security and integrity of the Bitcoin network, empowering institutions to put their Bitcoin to work while avoiding intermediary risks and high fees.

For æternity, this partnership has the potential to catalyze a surge in adoption and attract substantial liquidity to its ecosystem. With Bitcoin liquidity flowing through Hyperchains, the demand for AE coins could see a significant increase, echoing the bullish momentum witnessed by Cardano’s ADA following its own BitcoinOS integration. This partnership enhances æternity’s utility and positions AE as a valuable asset in an interconnected Web3 landscape, drawing both users and developers to its expanding ecosystem.

The æternity-BitcoinOS collaboration redefines what’s possible with Bitcoin in enterprise environments. With Hyperchains, enterprises now have access to configurable privacy, compliance, and performance options—essentials for sectors like finance, supply chain, and logistics. Imagine a multinational corporation wanting to streamline cross-border payments or track a global supply chain: Hyperchains enable them to do so using Bitcoin’s trusted network, combined with the flexibility of æternity’s infrastructure, without relying on custom or centralized solutions.

The Future of Blockchain: Interoperable, Decentralized, Scalable, and Secure

The æternity-BitcoinOS integration isn’t just about adding new features—it’s about changing the landscape of blockchain adoption. This collaboration allows Bitcoin to serve as a foundational layer of trust while enabling æternity to deliver highly scalable, feature-rich applications while preserving the principles of decentralization. 

The broader blockchain industry has long sought a solution that combines Bitcoin’s security with next-generation functionality. With the æternity and BOS integration, the global community finally has the opportunity to adopt blockchain without compromise.

Continue Reading

Trending