Dypius DeFi Yield Protocol (DYP) is a yield farming platform that enables liquidity providers to earn rewards in Ethereum and its native token DYP. It presents a solution to the risk involved in Yield Farming by providing various options for investors to earn while maintaining complete decentralization of its platform.
Massive Earning Potentials via Staking Pool
The users Dypius can rely on the anti-manipulation feature that ensures the volatility of tokens is managed and prevents whales from dominating its token price mechanism (DYP).
Dypius has gathered considerable attention since its launch in 2020. The yield farming protocol initiated its staking pool in December, and liquidity providers have accrued substantial rewards on their stakes. As of Feb 23, 2024, over $63 million worth of crypto-assets have been staked in DYP smart contracts, making it one of the swiftly growing yield farming platforms.
Dypius has dispensed over 2,575 ETH valued at approximately $4,206,003 since its inception. The platform allocates an average of 106 ETH ($170,000) in rewards to liquidity providers in a daily basis.
Dypius Anti-Manipulation Feature & Controlling Token Volatility
The anti-manipulation features mentioned earlier are really important as they guarantee that dividends distributed to liquidity providers are fair and transparent.. Integrated into the DYP smart contract, the anti-manipulation feature converts all DYP rewards generated from the staking pool to Ethereum daily at 00:00 before distributing them to liquidity providers. Moreover, this is crucial, as users receive their rewards in Ethereum, and it is less susceptible to volatility than the native DYP token. Additionally, the integration of this feature ensures a more stable and reliable reward distribution process for liquidity providers.
Dypius also incorporates an internal mechanism to control inflation. If the price of DYP fluctuates by more than 2.5%, then the smart contract will generate a maximum amount of DYP that will not impact the overall price. In short, the remaining rewards are locked and kept as part of the next day’s reward. At the end of seven days, if surplus rewards persist, the community will conduct a governance vote to determine whether to burn or distribute tokens.
Expand Earning Opportunities with dApp Yield Farming Platform
Dypius continues to broaden earning opportunities within its ecosystem and recently unveiled a farming dApp that provides fixed rewards for investors. The staking platform furnishes a staking opportunity for investors to earn DYP tokens for a fixed percentage of rewards. The earnings are contingent on the lock-period duration, and users can stake their DYP tokens from 30 days to 120 days.
DYP further disclosed that locking DYP tokens for 30 days attracts a 20 APR, while those that lock for 120 days receive a maximum of 35%. The newly launched yield farming dApp also integrates a referral system that bestows rewards of 5% of referred friends’ stake. Since its launch of the yield farming dApp, DYP token holders have already staked over $1 million within the staking pool.
Anticipated Expansion of Dypius (DYP) Ecosystem in 2024
DYP’s development team has persistently crafted products expected to be launched before the culmination of the first quarter of the year. DYP Earn Vault is in the final stages of development and will offer automated earnings for stakers. The vault is expected to support Ethereum, Wrapped Bitcoin, and Stablecoins.
Dypius is also crafting a tools dashboard that will reshape its ecosystem. The DYP tools will feature a trust score that evaluates defi projects listed on Uniswap based on multiple parameters. Traders and investors will be able to scrutinize projects and make informed investment decisions.
