DeFi Yield Protocol Realizes Repurchase, Farming and Staking V2 on Binance Smart Chain – Sponsored Bitcoin News

Nowadays, there are many different feasible ways to make money by using cryptocurrency. In the past, many traders would prefer to simply hold their tokens or “hold” them for as long as possible in order to get a decent return from their investment. However, over time, new methods such as mining, stakeout, and farming have emerged. Through these methods, many people now earn much higher incomes than before.

What is a DeFi revenue agreement?

The DeFi Income Protocol (DYP) is a unique platform that provides solutions related to mortgages, income agriculture, and non-fungible tokens (NFT). It allows users to successfully utilize DYP’s sophisticated trading functions and tools in a seamless manner.

In short, DYP enables its users to provide liquidity and be rewarded for their efforts.Rewards can be passed Ethereum, E.g. At the same time, in addition to providing security for end users by integrating its “anti-manipulation” aspects, the platform is also committed to maintaining the stability of its token prices.

New pond

DYP hereby informs you that the availability of the new pool for farming, pledge and repurchase on BSC (Binance Smart Chain) has now started. Every user is now eligible for 50% of the APR, provided they use the equity pool. In addition, if users choose to use the repurchase pool, they can get 100% APR, and if they use the breeding pool, they can get up to 500% APY.

The information provided below is a summary of the main ways DYP makes money available to its users.

Deep ploughing

Agriculture has quickly become one of the most popular and common ways to earn income through cryptocurrency. For those who are interested in using DYP for agriculture, they therefore need to remove their liquidity and retrieve their deposited assets.This method is useful for those who wish to pledge and farm assets at the same time, because users can theoretically pledge their DYP tokens and use other altcoins, such as BUSD or Ethereum Used for agricultural purposes.

In addition, with a single asset, liquidity is automatically added to PancakeSwap V2, and the staking contract receives deposits by using one asset.Remember, you must use at least one supported asset to start making money, including but not limited to Bitcoin, Cake, BUSD, Ethereum And more. After this, users will be eligible for DYP/Ethereum/WBNB as a reward.

In order to successfully maintain the stability of the token price, the smart contract will try to convert iDYP spending to WBNB every 24 hours. If the price of iDYP is affected by more than 2.5%, the highest iDYP amount that does not affect the price will be converted to WBNB, and the remaining amount will be awarded in the prize on the next day.

In addition, if there are still any unallocated iDYP rewards after a week, the DYP governance will vote to decide whether to allocate the remaining iDYP to different token holders or whether to destroy them. Remember, every token that is burned should cease to circulate.

In addition, when users are released, they will obtain the entire amount of the original deposit assets by burning LP tokens.

Deep blow

As mentioned earlier, users can also pledge their DYP tokens. There is no loss of impermanence. In order to start making money, users need to allocate DYP tokens to the staking contract. DYP also allows users to choose between two staking methods, depending on the lock duration (ranging from 0 days to 90 days), the payment range is 25% to 50% APR.

In addition, the “REINVEST mechanism” is included in the staking pool, allowing users to automatically add their daily rewards to the staking pool. In addition, it also provides users with a “DYP Recommendation” program. If users recommend DYP to their friends, they will immediately get 5% profit every time they stake DYP. The recommendation does not involve any petrol fees.

Deep repurchase

One of the main reasons users choose this option is when they deposit CAKE, BTCB, BUSD, Ethereum, Or WBNB. To start making money, users need to deposit at least one supported asset into the corresponding repurchase contract. After that, all assets will be converted to DYP and iDYP, and then automatically transferred to the staking contract.

In addition, prizes are delivered electronically and can be redeemed daily. Users are also eligible to receive the full deposit amount (in the form of DYP) when withdrawing funds.

Startup and overall success

When the above information and process are taken into consideration, it becomes clear why and how DYP is so attractive. The Binance Smartchain is still one of the first choices of many individuals in the cryptocurrency and blockchain fields. Therefore, due to the successful launch of the new pool, the DeFi Revenue Protocol has won a much-needed victory in the eyes of its supporters.

As of now, more than $15 million has been deposited into these new pools in less than a day after the release. In addition, DYP managed to pay 15,611 AVAX, 7,641 Bitcoin And 9,009 Ethereum To their respective users, which brings the total to more than US$44 and US$314,000, which clearly shows why so many people are still optimistic about this platform today.

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Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.

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