The DeFi Yield Protocol (DYP) has launched its staking and governance CPU which seeks to improve earning opportunities for consumers. A unique feature of the launch is that Ethereum will be rewarded with liquidity providers and that all liquidity pools will be used with anti-manipulation features as well as a 2.5% slippage.
DYP Holders Can Vote on Governance
By conducting DYP, you will be able to use DYP governance and voting to add additional liquidity mining pits, burn tickets or allocate DYP toward grants, strategic partnerships, governance initiatives and other programs.
All you need to get into governance is connect your metamask wallet to a smart DYP contract and you become eligible to vote and win prizes.
Unique Staking Platform With Countermeasures Features
DYP has also launched its staking pool platform that allows anyone to provide liquidity and be rewarded in Ethereum and DYP tokens. The staking platform has been designed in a way that maintains symbolic price stability while offering a safe and streamlined platform by integrating an anti-manipulation feature.
To reduce the risk of DYP price volatility, all pool prizes are automatically converted from DYP to Ether (ETH) by the smart contract at 00:00 UTC daily and ETH is distributed as a prize to the liquidity providers.
DYP developed a process of maintaining symbolic price stability. Every day the smart contract automatically tries to convert DYP awards into ETH. however, if the price of DYP is affected by more than -2.5% the maximum DYP that does not affect the price will be converted to ETH, with the remaining amount distributed in prizes the next day.
After seven days, if it still has unclassified DYP awards, DeFi’s product protocol will vote on whether to issue the remaining tickets to holders or burn the tickets out of circulation. The protocol is therefore able to mitigate against inflation and maintain the price of a DYP ticket.
To begin providing liquidity and win ETH awards, you must deposit your liquidity provider tokens (Uniswap LP tokens) to the corresponding initial list of pools: DYP-ETH, DYP-WBTC, DYP-USDC and DYP-USDT.
Each pool has four different staking options, with rewards starting from 30,000 DYP up to 100,000 DYP each month depending on the lockout time ranging from a minimum of three days up to 90 days.
About DeFi Product Protocol
The DeFi Yield Protocol is a decentralized finance protocol that seeks to offer consumers an impressive product while reducing the risk associated with risk farming. This is done by using a counter-treatment that ensures all pools are safe from whale handling.
Pool registries are automatically converted from DYP to ETH at 00:00 UTC, and the system automatically distributes the rewards to the liquidity providers. This feature is excellent because network liquidity will be fair to all participants; no whale will be able to handle the price of DYP to their advantage.
DYP Finance offers a utility token that enables users to interact with the features on a DYP smart contract. Ethereum miners can join the DYP mining pool and be rewarded monthly with a bonus of 10% of the monthly ETH income earned by the mine.
To learn more about the DeFi Product Protocol follow the links below. www.dyp.finance | Twitter | Discord | Telegram Github | Medium
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