This integration enables DeFi users to take advantage of Avalanche’s low fees, high throughput, sub-second finality and different benefits.
DeFi Yield Protocol (DYP), a yield farming platform that seeks to level the playing field between common users and whales, is now expanding to Avalanche, enabling users to leverage DYP’s advanced trading tools.
DYP’s expansion to Avalanche is set for completion in July 2021, and will initially launch with three products: DYP Farming, DYP Tools and DYP NFTs.
The DYP Farming Platform will launch with a DYP/AVAX pair on Pangolin. Users will be able to stake their tokens for 3 days, 30 days, 60 days, and 90 days with multiple benefits for longer staking durations.
DYP Tools will offer users a functionality similar to DEX Tools, providing advanced features to track tokens, yield data, whale transactions and more. It is expected to roll-out on Avalanche in Q3 2021.
DYP NFTs will be a marketplace for NFTs on Avalanche. The marketplace allows artists to mint, trade, and feature and sell their creative work to the fast-growing network of users on Avalanche with low fees, near-instant finality, and eco-friendly technology. It is also expected to roll-out on Avalanche in Q3 2021.
“Security and transparency have been top priorities for our project since the beginning, so it is absolutely critical to build on a fully-decentralized platform in Avalanche. By launching the yield farming, NFT dApp, and DYP Tools on the platform, we’ll be offering more functionality to the Avalanche Community and strengthen our whole ecosystem,” says Mihai Nicusor, CEO of DYP.
About DYP’s Anti-Manipulation feature
DeFi Yield Protocol (DYP) works to curb the influence of large whale users. The protocol employs an anti-manipulation feature that aims to limit the market impact on users.
Anti-manipulation aims to maintain stability, fair access to liquidity, and provide a secure and simplified DeFi platform for users of all sizes.
About DeFi Yield Protocol
The DeFi Yield Protocol (DYP) is a unique platform offering solutions for yield farming, staking, NFTs, and enabling users to leverage the advanced trading tools of the DYP. What makes the DYP a unique yield farming aggregator?
The DYP has made history in the DeFi space by becoming the first and only protocol that employs an anti-manipulation feature, aiming to limit the market impact on users.
Anti-manipulation targets to keep stability, fair access to liquidity, and supply a secure and simplified DeFi platform for users of all sizes.
The central feature of the DYP is the decentralized tool dashboard. It provides advanced features, including Decentralized Score, Unique Community Trust Vote System, DYP Locker, Yield Farm Data, and Launch Pad, allowing users to make informed decisions.
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About Avalanche
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is able to process 4,500+ transactions/second and instantly confirm transactions. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box. Website |
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