Leading Yield Farming Ecosystem DYP Now on Binance Smart Chain

News BTC

DeFi Yield Protocol (DYP), a leading crypto yield farming ecosystem offering an innovative yet secure way for the crypto community to earn returns just grew bigger. The platform handling over $45 million in crypto assets has recently integrated Binance Smart Chain (BSC) to its staking and governance infrastructure. By doing so, it has enabled enhanced liquidity for the community while opening doors to further innovation in the space.

With Binance Smart Chain integration, DYP users are now able to diversify their investments by providing liquidity to PancakeSwap as well as Uniswap pools and receive rewards in ETH, DYP and BNB denominations. The new PancakeSwap pools introduced following the latest development includes DYP/BNB, DYP/ETH and DYP/BUSD. The bridge between ETH and BSC blockchains makes DYP available on both ledgers and can be swapped for BNB at any time.

How To Get Free Crypto  

A Platform That Encourages Yield Farming

Yield Farming is an important feature of the DeFi ecosystem as it enables users to provide liquidity and earn rewards in exchange. However, the staking process on most of the platforms isn’t really that user-friendly, making it hard for those who aren’t expert crypto users to benefit from it.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

DYP is presenting a solution by providing one of the most user-friendly and secure yield farming protocols in the present-day crypto market. On DYP, anyone can provide liquidity and earn rewards in ETH or BNB. With potential yields of up to 442.63% APY, the DYP ecosystem has so far paid close to $16.5 million in ETH and BNB rewards to its community.

Apart from the easy-to-use intuitive interface, the platform incorporates automated vaults and a unique Anti-Manipulation Feature that prevents the whale advantage. The Anti-Manipulation feature automatically converts DYP farming rewards to ETH or BNB every 24-hours to prevent large token holders from dumping the platform’s native token. The conversion is carried out in such a way that the price drop is restricted to -2.5%.

With Binance Smart Chain integration, the DYP ecosystem has signaled its intention to eventually become a blockchain agnostic yield farming protocol. With sustained momentum, the platform could achieve it sooner than expected.

Coinbase Banner  

Start Yield Farming on DYP

DYP has recently released a detailed tutorial to onboard both new and existing users to yield farming on BSC. Users can follow the instructions to stake their BNB and DYP tokens on PancakeSwap with 3-, 30-, 60- or 90-day lock-in periods.

Meanwhile, DeFi Yield Protocol allows users to swap DYP tokens from Ethereum Network to Binance Smart Chain Network using DYP Bridge dApp. Instructions for which are available here.

DYP has few more announcements in store for the near future which will include the DYP Earn Vault that is currently awaiting a security audit report, DYP Tools, under development DYP NFT dApp V1.0 and a brand-new UI design.

Go to Source
Author: NewsBTC


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.