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Why DeFi Yield Protocol DYP has the potential to 1.000x

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1 year ago

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In some ways, crypto is quite similar to the gold rushes that periodically gripped the world between the 17th and 20th century. The discovery of gold at Sutter’s Mill in 1848 resulted in the influx of over 300.000 migrants to California. But gold mining was hard work, and just the trip to California cost many fortune seekers their lives.

Luckily, nowadays we don’t have to leave our homes to find our fortunes. Though regulations differ from country to country, crypto is available worldwide. But where individual miners used to search with a gold pan, crypto investors now have to delve through over 11.000 cryptocurrencies and tokens available in the market to find treasure. Finding a 1.000x gem in these conditions is rare, but CryptoBusy put in a lot of research, and in their video of August 14th named DeFi Yield Protocol (DYP), as their pick for a 1.000x.

DYP was not immune to the price actions of the broader market throughout this year. With Bitcoin going down from its $64,000 all-time high to $29,000 between April and June of this year, DYP also suffered dropping from it’s all-time-high of $5.20 to just over $0.24 a month ago. Trading at $0.3259 at the time of recording, CryptoBusy lauded DYP for their Anti-Manipulation feature. This feature is rarely seen in cryptos, but perhaps should be more widely adopted to stop whales from controlling the network. If the market widely adopts this innovative feature, DYP is set to reap the benefits.

While a 1.000x for most cryptos would be nearly impossible, a 1.000x would land DYP somewhere around the $3.6 billion market cap, which would “only” make it the 37th biggest crypto. Therefore, CryptoBusy concludes that for DYP, a 1.000x is definitely possible.

Indeed, since the release of the video not two weeks ago, DeFi Yield Protocol has seen a surge in price of nearly 150% to a local high of $0.79 as more people become aware of their innovative solutions. If CryptoBusy was right, however, that is nothing compared to a predicted price of over $300 per DYP at 1.000x.

As the current bull cycle continues, the DYP team isn’t just waiting for people to take notice. They have recently expanded to the Avalanche chain, are sponsoring multiple sporting events, and have introduced new features to their protocol such as the Buyback Program. For those who are only recently tipping their toes into the cryptowaters, DYP’s Teki Kola also frequently runs giveaways on Twitter, and the team has recently produced many beginner-friendly tutorials to get started on the DeFi Yield Protocol platform.

The DeFi Yield Protocol also managed to achieve some important numbers that clearly shows how undervalued it is right now:

– 8708 ETH, 6513 BNB, and 9264 AVAX worth $31,824,779 paid to the Liquidity providers; so, imagine that they managed to pay more than $31 Million dollars to its users and their Market Cap is only $8,141,223.

– $9,501,902 in liquidity across Uniswap, PancakeSwap and Pangolin (biggest DeFi exchanges from Ethereum, Binance Smart Chain and Avalanche); even their total liquidity is bigger than the current Market Cap.

– $12,172,946 locked in different pools across their farming, staking, and buyback pools.

All these numbers show how undervalued the DYP token is and why the well-known youtuber and crypto analyst made this price prediction. Another important factor that should be taken in consideration is their partners, they made integrations only with big platforms like Chainlink, Avalanche, Pangolin, and Coin98 Wallet. 

DYP is currently trading at $0.64 with a market cap of around $8.1 million, the current low price offers a perfect entry point for market participants looking to cash in on leading yield farming protocol.

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Y2B introduce protocol to allow users hedge, leverage, speculate and trade the different components of pegged assets

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2 days ago

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December 6, 2022

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Y2B Finance is a suite of structured products designed for exotic peg derivatives, that will allow market participants the ability to robustly hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their ‘fair implied market value’.

Introducing Y2B Finance

Y2B Finance is the hard fork from Y2K Finance, they follow the exact same protocol from what Y2K team did. It is a suite of products designed for exotic peg derivatives that will allow participants to hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their ‘fair implied market value’.

The protocol brings three main products to the table:

Typhoon

This flagship Y2B structured product leverages a variant of the ERC-1155 standard for the creation of fully-collateralized insurance vaults. Users can use these vaults to hedge, speculate and underwrite the volatility risk associated with various pegged assets. Token holders are rewarded from trading fees derived from this marketplace.

Users can hedge against these assets de-pegging by depositing ETH collateral into the Hedge vault and receiving Y2B tokens (Vault Tokens) in return.

Initially, users can hedge against USDT, USDC, BUSD and DAI de-pegging with weekly and monthly time periods. More assets will be supported in the future.

Volcano

Volcano is a Collateralized Debt Obligation (CDO) powered lending market for pegged assets with MEV-proof liquidations. Volcano is the secondary market place that builds on top of Typhoon tokenized vaults. Since collateral is locked up for the duration of the vault cycle, this secondary market allows users to enter and exit positions in real time via its order book.

Wildlife

Wildlife is an on-chain RFQ orderbook where users can trade Y2B risk tokens amongst themselves, both unlocking ample liquidity and allowing for rapid repricing of semi-fungible tokens.

In other words, Y2B Finance offers a fully transparent, on-chain insurance solution for users, DAOs, and more looking to hedge against their pegged asset positions. Y2B also further promotes decentralization by making these markets accessible for all participants and by providing instant and guaranteed payouts via Chainlink oracles.

Y2B brings a new set of tools to DeFi that will allow users to better manage their stablecoin risk. 

To keep up with Y2B follow them on Twitter.

Official Website: https://y2b.finance/

Discord: https://discord.com/invite/uE3XgpYNJA 
Official Docs: https://docs.y2b.finance/y2b-docs/

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SolidProof Announces New Partnerships to Further Enhance Services

Crypto Chain Wire

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3 days ago

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December 5, 2022

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SolidProof, a leading blockchain-based audit/KYC services provider, announced new partnerships that will further enhance its ecosystem.

The new partnerships will provide the blockchain community with enhanced services and enrich the SolidProof ecosystem. The move aims to help SolidProof become the go-to provider for secure smart contract audits, KYC services, and more.

New Partnerships Enriching the SolidProof Ecosystem

SolidProof’s Twitter account brought many interesting announcements these last weeks. The company continues to form new partnerships with some of the most exciting projects in the blockchain & crypto space.

For example, they have recently announced a partnership with Crypto Miners. This is a marketing and educational firm working with some of the hottest blockchain projects and crypto on-ramp platforms. The goal is to take crypto to the next level and expand the company’s reach.

The team also partnered with Coination, a specialized AMA firm with a huge German community. The group taps into untouched crypto interests, representing a great addition to the SolidProof ecosystem.

Moreover, they announced the launch of CookieSale. This is a new crypto launchpad for which SolidProof will provide audit, KYC, and marketing services.

PeanutTrade is another project with which the company signed an important partnership agreement. PeanutTrade focuses on DEX strategies. It helps web3 startups list a token on a DEX, manage automated liquidity, and trade on the decentralized exchange.

SolidProof also announced its partnership with Blockdeed. This is a global real estate marketplace using smart contracts for property transactions. Users can manage their for-sale portfolio through private dashboards and sales management tools.

Finally, MusureWorld is yet another exciting cooperation that the company recently announced. MusureWorld enables creators and gamers to enter the metaverse economy.

Providing the Blockchain Community with Enhanced Services

The new partnerships announced by SolidProof will bring great innovation and convenience to the blockchain community. They will enrich the SolidProof ecosystem, making it easier for users to live an exceptional experience in the blockchain sphere.

These collaborations also prove the company’s commitment to providing its customers with top-notch services and the best user experience possible.

The team behind SolidProof works hard towards achieving growth and providing a wide range of services to the crypto community. With their new partners by their side, they made one step forward to make that dream a reality.

About SolidProof

The German-based company SolidProof offers a wide range of smart contract audit, KYC, and marketing services. The team behind the project works hard to offer its customers the safest, most compliant, and most secure services possible.

Their mission is to become the go-to provider for everything blockchain audit and KYC related. In order to achieve this goal, they offer their customers top-notch services and an unbeatable user experience.

SolidProof has been making great strides in the blockchain and crypto space, forming new partnerships in a growing ecosystem. These collaborations will bring a great deal of convenience to the blockchain community and make SolidProof’s services even more accessible.

SolidProof’s website and social pages represent a great way to keep in touch with its latest news, partnerships, and services.

Twitter (Official) | Twitter (Insider) | Facebook | Telegram

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DIFX Says Hola Mzansi by Joining Hands with Digital Banking Platform eZaga to Launch DoshFX

Crypto Chain Wire

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2 weeks ago

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November 24, 2022

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Fully secured centralized exchange, DIFX has officially partnered with eZaga, South Africa’s premier digital banking platform, to set up a new regional crypto platform, DoshFX.

Digital Financial Exchange known as DIFX is an EU-regulated CEX, disrupting the financial industry by bridging digital and traditional assets. With DIFX, users can create diverse portfolios in various asset classes like indices, forex, CFDs, commodities, futures, and cryptocurrencies all while having access to a fully secured wallet. In a mission to expand its services and accelerate blockchain adoption through the African continent, DIFX has officially partnered with the South African digital banking platform eZaga.

Founded in 2014, eZaga has been a pioneer in providing financial solutions to the underbanked & informal sector with innovative tools and services that enable people to transform the way they manage finance through the use of mobile technology. Over the past 2 years alone, the African continent has become a well-developed crypto market that has seen deep penetration and integration of cryptocurrency into everyday financial activities for many users. In fact, the Chainalysis report for June 2022 showed that Sub-Saharan Africa was the overall leader in retail crypto transfers, accounting for 80.1% of the global regional transactions.

Therefore, to service this growing industry, both DIFX & eZaga have joined hands to create a new financial platform catered explicitly to the African continent called DoshFX.

DoshFX will serve as an exclusive multi-asset trading platform for users from the African continent and help increase the rate of adoption found in the region. A key mission of DoshFX is to improve financial services around the continent with blockchain technology, cryptocurrencies, and traditional assets. The new platform will be utilizing both parent entities’ crypto and banking solutions to reach a wide audience of crypto enthusiasts and traders alike. Furthermore, the unique partnership allows all eZaga users to open an account on DoshFX without any additional KYC requirements and have access to a secure custodian wallet.

Regarding the partnership, DIFX CEO & Co-Founder Jeetu Kataria stated “Our primary mission as DIFX is to provide a robust trading platform for our global users so that we can increase the acceptance and adoption of blockchain and digital assets in a secure and transparent manner. We want to foster a world where payments and financial management are done with the ease of your fingertips. For us, the creation of DoshFX is an extension of the DIFX mission of forging a blockchain future along with our commitment as a member of the digital space to take part in helping the industry with its adoption and bring financial inclusion to all people, especially the unbanked majority, through various digital assets.”

Saud Ally, CEO & Founder of eZaga added “The creation of DoshFX is a needed service for the African continent, as the growth of adoption in the region is unbelievable. With this new venture, we want to expand eZaga’s banking capabilities and give our existing users a platform to leverage blockchain and digital assets.” Ally further stated that “DoshFX and eZaga are working together with DIFX to create a new infrastructure that will make money move instantly, identify users, and allow them to connect to bank accounts and credit cards.” Both the respective founders also shared their mutual passion for investing in South Africa’s innovation layer and developing DoshFX to act as a foundation for all future developments and blockchain scalability within the continent.

About DoshFX

DoshFX is a premier African centralized exchange created through a partnership between a fully secured cross-asset trading platform & African digital banking platform to provide users within the region a safe and secure way to trade cryptocurrencies like BTC, ETH, USDT, and much more.

DoshFX is powered by eZaga Capital bearing license number FSP license no. 44133, Auth FSP.  Limits, terms, and conditions apply.

To learn more about the services and features of DoshFX, visit doshfx.io

About DIFX

Digital Financial Exchange (DIFX) is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.

DIFX was presented with the “Most Trusted Cross-Asset Trading Platform — 2022” by the Crypto Expo Dubai and the “Best New Trading Platform Award” at the E-Business Awards 2021 by Entrepreneur Middle East and the Forex Expo 2021.

To begin your journey with Endless Possibilities, download the app now from the iOS or Google Play Store, or visit us at difx.com.

About eZaga

eZaga is a South African digital banking platform and authorized financial services provider that enables African users to open a bank account via their mobile phones in less than two minutes. It leverages mobile technology like USSD and a mobile app, existing banking infrastructure like ATMs, and a low-fee structure to empower unbanked people and organizations to achieve more.

To learn more about eZaga visit https://www.ezaga.co.za/ or download the app now on iOS or Google Play Store.

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