Dypius (DYP)

General data

Project launch date04th October 2020

Development statusLive and Ongoing

Organization structureDAO

Open sourceYes

Introduction

Dypius, formerly known as DeFi Yield Protocol (DYP), is a fast-expanding ecosystem of decentralized applications. This unique platform aims to reduce the risks of yield farming and provide advanced trading tools. Since its inception, DYP has added staking, NFTs, and key blockchain integrations in less than a year. And today, it is one of the most promising DeFi projects in the industry.

DYP has already made history by being the first DeFi protocol to reward users in ETH and BNB. But that’s not enough for this trendsetting platform and its ambitious development team. According to its roadmap, more innovations are right around the corner. One of them is the DYP AVAX Bridge, which will help users swap DYP tokens between Ethereum Network and Avalanche Network.

We take a closer look under its hood as Dypius continues its groundbreaking journey. Read on to discover what DYP is and how it works!

Market data

Dyp

1962 Rank

DeFi Yield Protocol

$0,218278
price

3.18952%
price change

24 hours-3.19%

7 days-9.12%

14 days-10.88%

30 days-0.53%

1 year+92.53%

$4.2 M
marketcap

$16,855
24h trading volume

$0,22 / $0,23
24h low / 24h high

What is Dypius?

Dypius (DYP) is a fast-expanding ecosystem of decentralized applications. This unique platform aims to reduce the risks of yield farming and provide advanced trading tools. Since its inception, DYP has added staking, NFTs, and key blockchain integrations in less than a year. And today, it is one of the most promising DeFi projects in the industry. Recently they have rebranded to Dypius to focus on the metaverse.

DYP has already made history by being the first DeFi protocol to reward users in ETH and BNB. But that’s not enough for this trendsetting platform and its ambitious development team. According to its roadmap, more innovations are right around the corner. The DYP/AVAX Bridge will help users swap DYP tokens between Ethereum Network and Avalanche Network.

We take a closer look under its hood as Dypius continues its groundbreaking journey. Read on to discover what DYP is, how it works, and why you should try it!

Dypius (DYP) is a unique decentralized finance platform for yield farming with minimum risks. Also, it provides a versatile suite of DeFi tools that include staking, NFTs, and mining pools.

DYP aims to tackle one of the fundamental problems of yield farming – whale manipulation. Crypto whales are users who have accumulated significant holdings. Unfortunately, in yield farming, they can get unfair advantages. For instance, they can create artificial demand for various coins by borrowing back what they previously lent.

Most yield farming protocols struggle to stop these big liquidity providers from manipulating price movements. As a result, small traders and beginners risk seeing the devaluation of their assets. Also, they get minimum access to yield rewards.

DYP is the only yield farming aggregator that introduces an anti-manipulation clause. This feature ensures that daily, at 00:00 UTC, the protocol automatically converts all pool rewards from DYP to Ethereum. As a result, all participants get fair and equal access to the network’s liquidity. Above all, whales cannot exploit DYP prices to their advantage.

Most importantly, anti-whale manipulation is not the only exciting DYP feature. This platform is the first protocol that offers users yield rewards in ETH or BNB. Also, it enables them to stake on both Ethereum and Binance Smart Chain Network. And, thanks to the innovative DYP AVAX Bridge, users can swap DYP tokens between Ethereum Network and Avalanche Network.

The Dypius plans to offer a secure and user-friendly DeFi platform for all traders and yield farmers. With fair access to liquidity, high security, and stability, this protocol is one of the most promising DeFi ventures.

A Brief History of DYP

The Dypius(DYP) official launch took place in October 2020. Following the DeFi summer craze of 2020, the project aimed to provide safer solutions for investors in the ever-expanding DeFi universe.

Behind DYP is an excellent development team under the guidance of Mihai Nicusor and Razvan Ion. The two Romanian crypto whizzes are staunch advocates of yield-farming equity in the decentralized finance space.

Mihai Nicusor is a “self-professed crypto-capitalist” with a solid experience in Ethereum mining stretching back to 2017. After losing some of his ETH to the unfair practices of yield farming protocols, he decided to create DYP. The new platform would allow anyone to provide liquidity and earn ETH with minimum risks.

DYP didn’t waste any time following the official project ignition. In just a couple of weeks, it attracted more than 2,000 individual sign-ups with a pledge of more than $7 million. This was possible through a Crowdsale Whitelist event.

The protocol continued to expand in both functionality and popularity. A growing DYP community soon learned about the project’s plans for staking, governance, and smart contracts. More importantly, DYP obtained security audit reports of the staking and governance by PeckShield, Blockchain Consilium, and Certik.

In April 2021, DYP released the Bridge feature, enabling users to swap DYP tokens between Ethereum Network and Binance Smart Chain Network.

DYP announced valuable partnerships with Hummingbot, Avalanche, and Coin98 Wallet as the year progressed. Additional collaborations with Efficient Frontier and Pangolin enhance the platform’s prestige and affirm its fast development.

Lastly, DYP joined the NFT revolution by launching its own app and marketplace for non-fungible tokens. Unfortunately, the DYP NFTs are available only on Ethereum for the time being. However, the platform aims to offer them on Avalanche and Binance Smart Chain soon.

The future looks bright for DYP as it plans to migrate to Uniswap and launch its own DEX.

What Makes DYP so Special?

At first sight, yield farming seems like child’s play. First, you choose a DeFi protocol. Then, you provide liquidity by lending your assets. And lastly, you sit back and watch the rewards and interest pouring into your wallet.

Unfortunately, gathering yield is not that straightforward. On the contrary, even the best yield farming strategies are highly complex. Generally, only traders with exceptional experience and outstanding capital are successful at it.

If you are new to yield farming and, like many beginners, entirely clueless, you will most likely lose money.

The primary risk of yield farming is the smart contract originators. Since the 2020 DeFi craze, several yield farming protocols have surfaced on the market. However, most of them are half-baked products of development teams with little to no experience. As a result, most of them pose a high risk of smart contract bugs.

Another critical risk of yield farming is the insane annual percentage rate (APR) that most DeFi protocols offer. Unrealistic APRs and the high risk of whale manipulation make plenty of farmers lose their assets. In the future, these unfortunate practices may reduce the appeal of yield farming, which otherwise is a promising DeFi venture.

Dypius aims to reduce all risks that come with yield farming. According to its developers, anyone should be able to provide liquidity and earn rewards safely. And, by keeping both token price stability and an anti-manipulation feature, yield farming should become secure and profitable.

In this regard, DYP is a unique yield farming aggregator. Firstly, it is the first DeFi protocol to reward participants directly in ether (ETH). Secondly, it provides a fully decentralized tool dashboard with advanced features.

Lastly, DYP wants to help farmers make informed decisions. Instead of losing their assets to smart contract bugs and crypto whales, they should maximize yields and boost profits.

Guide to DYP Functions

DYP is rapidly evolving to meet the increasingly complex demands of decentralized finance. What started as a safer alternative to unfair yield farming protocols soon transformed into a quickly expanding ecosystem with features, such as:

Staking and reward distribution
Ethereum mining pools and yield farming
DYP Earn
DYP Governance
DYP Referral Program
DYP Bridge
DYP Buyback
DYP NFT Marketplace

Users of Dypius (DYP) can quickly access them through a user-friendly dashboard. They can use several tabs, including Decentralized Score, Unique Community Trust Vote System, DYP Locker, Yield Farm Data, and LaunchPad.

To better understand how DYP works, let’s break down the protocol’s most noteworthy features!

Staking and reward distribution

New DYP users can provide liquidity through Uniswap LP tokens in any or all of the following tools:

DYP-ETH Pool Reward 250.000 DYP / month
DYP-USDC Pool Reward 250.000 DYP / month
DYP-USDT Pool Reward 250.000 DYP / month
DYP-WBTC Pool Reward 250.000 DYP / month

In return, they can earn DYP, the protocol’s native governance token. More so, to reduce the risk of price volatility, the protocol automatically converts DYP to ETH. This happens through smart contract execution at 00:00 UTC every day.

The rare possibility that the DYP price may experience a value drop of 2.5% or more always exists. In this situation, the protocol will swap the maximum amount of tokens that do not affect DYP price for ETH. Finally, the remaining amount will land in the users’ accounts as rewards through gradual distribution over the next few days.

If seven days pass and the protocol exceeds DYP rewards for distribution, the governance protocol will vote on its allocation. In this case, the remaining DYP can reach token holders through distribution or end up burning. The later solution removes the tokens from circulation.

Every Pool has four different staking options. Their rewards range from 20% APR to 35% APR depending on the lock time. You can lock your assets between 30 and 120 days as a reference.

Lastly, the staking pools come with a REINVEST function. Therefore, you can automatically choose to include your daily rewards in the staking pool.

Ethereum mining pools and yield farming

Another core feature of the Dypius is the Ethereum mining pool & yield farming for miners. With enough perseverance, users can obtain long-term profits risk-free.

If yield farming is your favorite DeFi practice, you can access it here: DYP Ethereum Miner Address

You will find the Ethereum pool that the DYP team has been mining since 2017. It supports yield farming on the DYP protocol after a $1 million investment. The team also relies on help from the Ethereum Mining Community.

Miners operating on the DYP Ethereum farm can earn a 10% monthly bonus of their ETH monthly income. Additionally, they benefit from DYP token airdrops and 0% mining fees, thus increasing their profits.

DYP will release their Ethereum mining pool once they reach a 250GH/s hashrate. At the time of this writing, the hashrate of their miners was standing at 35 GH/s.

DYP Earn Vault

One of the most exciting DYP features is the protocol’s Earn Vault. This yield farming contract provides network participants with automatic farming strategies. It takes its token deposits and moves them across the most profitable platforms.

Finally, the Earn Vault divides the profit like this:

75% of it goes to liquidity providers
25% of it buys back DYP tokens to increase liquidity

At this writing, you can deposit several tokens, including ETH, DAI, WBTC, USDC, and USDT. The minimum lock time for all of them is three days, with APY ranging from 3% to 23%.

The Earn Vault is possible through integration with another DeFi project, Compound Protocol. The latter supports an alternative staking solution through an automated yield farming contract between the two protocols.

DYP Governance

To give even more power to its users, DYP allows governance power to DYP token holders. This way, the DYP community shares ownership of the protocol and guides it by deciding on future proposals.

DYP holders can use their tokens to vote on various changes to Dypius. For instance, they can have their say on allocating DYP toward grants, strategic partnerships, and governance initiatives. Above all, they can vote to increase the number of liquidity pools or to burn excess DYP tokens.

DYP Referral Program

Dypius has one of the best referral programs out there. For instance, if you refer DYP to your friends, you will get 5% of their rewards every time they stake on the protocol. Also, you receive this reward automatically and gas-free.

DYP Bridge

DYP has powerful integrations with the Ethereum Network, Binance Smart Chain, and Avalanche Network. In addition, using the DYP Bridge, you can swap tokens between Ethereum and the other platforms.

DYP Buyback

DYP Buyback is one of the latest DYP features. It allows users to deposit digital assets and earn 100% APR in DYP. First, liquidity providers must deposit one of these assets into a Buyback contract. From there on, they are eligible to earn rewards in DYP. Lastly, they can claim their winnings every day.

On the Ethereum blockchain, DYP users can deposit WETH, WBTC, USDC, or USDT. Also, they can acquire them from Uniswap or Binance.

On Binance Smart Chain, users can deposit WBNB (wrapped BNB), ETH, BUSD, and BTCB (the wrapped version of Bitcoin on BSC). They can purchase all these assets from PancakeSwap or Binance.

Users can deposit WAVAX (wrapped AVAX), ETH, WBTC (wrapped Bitcoin), USDT, and PNG on Avalanche. All the assets are available on Pangolin or centralized exchanges like Binance.

DYP NFT Marketplace

The Dypius continues to expand and provide users with more DeFi services. The latest one on the list is the NFT marketplace. Here, anyone can create and trade a non-fungible token in seconds. Then, for a small fee, they can list it for sale and increase the number of income sources.

For now, the NFT marketplace is available on the DYP website. However, users will soon be able to access it through the protocol’s proprietary NFT dApp V1. The developers built and launched this innovative app on the Ethereum blockchain. It “will act as the de-facto platform for artists to trade, mint, sell, buy and auction their unique digital assets.”

An improved version of the app, NFT dApp V2, will follow and bring an entire suite of improvements. Also, it will make the marketplace for NFTs available on Avalanche and Binance Smart Chain.

DYP Key Integrations

A few positive signs of DYP’s authenticity and good intentions include the protocol’s partnerships and integrations with other crypto entities. Here are the ones that stand out the most:

Chainlink Integration

One of DYP’s most resounding triumphs is integrating Chainlink Price Feeds on its Ethereum and Binance Smart Chain mainnet.

This integration allows DYP users to access accurate, tamper-proof price feeds. This way, they can quickly identify the value of rewards in both ETH and BNB. Additionally, it matches the protocol’s purpose by providing a decentralized confirmation of data feeds.

DYP chose Chainlink for its seamless solution which has become a staple of accuracy for the DeFi community. In addition, Dypius plans to use Chainlink’s price feeds for its other features, such as farming, staking, and the vault.

Avalanche Integration

Another crucial collaboration for DYP is the integration of Avalanche and its trading tools. This partnership helped the protocol launch three of its most prominent features, farming, and the DYP tools.

Avalanche is one of the crypto industry’s fastest platforms for smart contracts. In addition, many consider it an umbrella platform for releasing decentralized financial applications and tools.

Following the Avalanche integration, the DYP farming platform released a DYP/AVAX pair on Pangolin. This allows users to stake their tokens for various periods ranging from 3 to 90 days. In return, depending on their choice, they should earn daily rewards in PNG, AVAX, or wrapped ETH.

Ethereum and Binance Smart Chain Integrations

DYP is the first-ever DeFi protocol to offer users rewards in ether (ETH) or Binance Coin (BNB). This is possible thanks to the integrations with the Ethereum blockchain and the Binance Smart Chain, respectively.

Yield farmers can use DYP to stake on Ethereum. Here, they can win between 20% APR up to 35% APR, depending on the lock time they choose.

DYP has big plans for the future, and new integrations should soon become part of its ever-expanding ecosystem. With future integrations, users will most likely have access to high and profitable rewards.

What is the DYP Token?

DYP is an ERC-20 token native to Dypius, where it meets various purposes. Participants can use it to provide liquidity in the protocol’s staking pools. Additionally, they can use it to obtain rewards from yield farming and convert them to ETH on the same day. Finally, those who use DYP can also vote on proposals as part of the governance system on the DYP platform.

DYP Tokenomics

Dypius chose to mint a finite cap of 30,000,000 DYP tokens. The entire amount of tokens should become available within the first two years since the DYP release.

The distribution of DYP tokens is as follows:

12,000,000 DYP were distributed for pool rewards over the next 12 months.
In addition, 4,500,000 DYP were distributed to Binance Smart Chain.
2,090,000 DYP were distributed to Avalanche Network
1,214,111 DYP were distributed for providing liquidity to Centralized Exchanges and Marketing Purposes.
2,584,689 DYP were reserved for other pools or chains.
200,000 DYP were locked for one year to Uniswap liquidity on token launch.
2,411,200 DYP were released monthly to the development team over the next 24 months/
651,531 DYP were sold to investors during a public sale.
4,348,469 DYP were burned and removed from the total supply.

In the end, 75.30% of all DYP tokens will reach the DYP community. On the other hand, the development team will receive 8.03% and the investors 16.67%.

As of September 2021, Dypius had a circulating supply of 12,616,284.21 DYP. Its market capitalization reached $6,948,078. And 1 DYP was trading for $0.5517. Other DYP market statistics at that time included:

24h Low – $0.55
24h High – $0.5845
Trading Volume per 24h – $904,327.05
Volume / Market Cap – 0.1302
Market Dominance – 0.00%
Market Rank – #1102
All-Time High (ATH) – Feb 16, 2021 – $5.20
All Time Low (ATL) – Jul 20, 2021 – $0.2446

DYP Token Price Speculation

DYP’s possible future looks bright when it consistently rolls out new and promising features. In addition, the up-and-coming DYP LaunchPad and future integrations should help it gain more popularity and value.

According to industry data and predictions, the DYP value should increase to $2.44 by 2028. Others see it rising as high as $19,14 by 2030.

That being said, it’s worth noting that intense volatility currently presides over the crypto market. And, it may very well continue to do so in the future. So, a project’s value can vary significantly from predictions. But, ultimately, its security and the quality of its features make it surge or plummet. And, in DYP’s case, the project has all the prerogatives to increase substantially in the future.

DYP Token Use Cases

DYP is the native token of Dypius, and it has several use cases, such as:

It is part of transaction fees for NFT smart contract operations.
Investors can use it for staking on the Ethereum Network.
Users can employ it in yield farming on Ethereum and Binance Smart Chain.
It is part of the DYP Earn Vault Strategies.
The DYP holders can use it for community voting and decentralized governance.
It is part of the DYP Referral System.
It is the basis of subscription tokens for DYP Tools Premium.
Finally, it acts as a security token for the liquidity lock in the smart contracts that govern the DYP Locker.
Upon its release, the DYP Launchpad v1.0 will offer multiple tiers based on the amount of DYP that users lock.

These DYP use cases are just some of the token’s many roles and benefits. At its basis, DYP is the gateway to Dypius, which unlocks an unprecedented level of security for projects and individual asset holders.

DYP Use Case Example

Here’s a quick example of how one can use DYP:

Let’s say Alice wants to buy a new car. Unfortunately, the banks decline her application. Nevertheless, she doesn’t give up that easily. Alice has been a crypto investor for years and has a solid portfolio. She could use her hard-earned gains to buy her dream car. However, she doesn’t want to sell her profits, pay taxes, or earn any potential appreciation.

So, what can Alice do if she cannot use bank loans or expose her capital gains to taxes?

It’s simple. Alice uses Dypius to move her ETH from the Ethereum blockchain to the Binance Smart Chain cost-free. Next, she accesses the DYP dashboard and supplies her ETH to the protocol. Not only is she profiting from a potential appreciation of ETH, but she is also earning a stable APY on her liquidity.

Alice can now loan USDT by calculating how much she will need for her new car. The DYP protocol then calculates her collateral value and provides her with instant USDT funds. Lastly, Alice can convert their USDT loan into fiat money and buy her dream car.

This simple and secure financial process is possible without the intervention of banks or other third parties. Also, Alice doesn’t have to put her financial health at risk by paying monthly fees and returns for her loan. Above all, she can pay at any time and with no additional interest since interest rates are fused ber block.

Lastly, Alice can take advantage of the APY returns from her deposits. These potential earnings are not high, but they can help her engage in other decentralized finance operations. For instance, she can return to the DYP dashboard and use the DYP Launchpad to mint her own stablecoins. Then, she can use them on DeFi yield farming pools to increase her earnings.

How to Buy DYP

Dypius benefits from the DeFi community’s trust. This results not only from the protocol’s accuracy and high security. Also, it shows in the many crypto exchanges that sell DYP.

For instance, you can buy DYP at:

Coinbase
Huobi
KuCoin
Gate.io
Uniswap V2
Pangolin
Pancake Swap V1
1inch
Coin98
MyContainer

You will also need a crypto wallet and the capital to buy and fund one.

Where to Store DYP

Since DYP is an ERC-20 token, you can store it in any Ethereum-compatible crypto wallet. The most popular choices include MetaMask, Trust Wallet, and Coin98 Wallet.

DYP Tools

Soon after the Avalanche integration, Dypius launched DYP tools, a decentralized application on the smart contracts platform. This suite of tools is available on AVAX and Ethereum and allows investors to maximize yields through well-informed decisions. Additionally, it helps them reduce risks while profiting from Avalanche’s low fees, high throughput, and sub-second finality.

The DYP tools include:

Top Tokens
Pangolin Watchman
Pool Explorer
DYP Pair Explorer
Decentralized Score
DYP Big Swap Explorer
Unique Community Trust Vote System
DYP Locker
Yield Farm Data
Buy DYP and User Subscription
DYP LaunchPad

The DYP tools are available on a user-friendly dashboard. There, users can customize some of their account features, such as:

Save favorites pair address.
Access saved pairs directly from “MY FAVORITES.”
Change the theme from bright to dark with a simple button tap.

Alternatively, users get access to a Subscription Page, which is free and the paid versions. This section has specific features corresponding to every user’s MetaMask wallet and subscription smart contract.

It’s worth noting that Premium users get additional favors, including early access to new features and exclusive information on future releases.

This unique set of DYP tools should help beginner and expert investors get the most from their decentralized finance ventures. Now, let’s break them down and discover how they work!

Top Tokens

One of the most appealing DYP tools for investors is the Top Tokens page. This section reveals the top 100 tokens according to a combination of trust score, liquidity amount, volume, and price change. With this information, users can better understand which tokens are performing best. Therefore, they can identify the most viable liquidity pools and yield opportunities.

Pangolin Watchman

This tool works as a data aggregator. Simply put, it gathers information from Pangolin smart contracts periodically. Next, it converts it appropriately and ensures its transportation and secure storage in the DYP Tools core.

Pangolin is a decentralized exchange (DEX) running on Avalanche. It uses a similar automated market maker (AMM) as Uniswap and supports trading all tokens issued on Ethereum and Avalanche.

Pool Explorer

This DYP tool is the go-to section on the DYP dashboard for understanding pool activity. In it, users can see what happened during the last four hours in Pangolin pools when filtering by tokens. Additionally, they can filter by liquidity addition, removal, and new pools.

In the Pool Explorer, users get a better understanding of where to invest by reading helpful information, such as:

Timestamps
Token Info
Pangolin Links
Token price,
Token Amounts (Token / AVAX)
Pool Difference and Variation
Pool Remaining
Pair Creation Date
AVAX Price & Bridged on Avalanche total amount

Lastly, investors can check the “Top 10 HOT Pairs,” which includes the most viewed pairs on DYP Tools.

DYP Pair Explorer

Users can see pair names and links in this section with trading charts. The pairs also display a DYP Trust Score, liquidity, and daily volume. Additionally, investors can read their volumes, TXs Data, pooled pair tokens, and LP holders.

Decentralized Score

The decentralized score is an advanced DYP feature available as part of DYP Tools. Fundamentally, decentralized scoring employs a peer-to-peer network of trustworthy parties. Together with personal data, it determines the identity and creditworthiness of a potential borrower. As a result, it defines a secure credit scoring system for everyone, regardless of their debt history.

DYP Big Swap Explorer

This DYP tool shows the latest big swaps on Pangolin. Users can see the pool and swap information together with data about prices. Additional details about swaps north of $10,000 enable investors to discover the most advantageous swap deals. Lastly, clicking on a swap will reveal trade history and extra information available from the Pair Explorer.

Unique Community Trust Vote System

The Dypius proposes a unique approach to community trust and voting. The project developers aim to change the understanding of these two concepts in the DeFi and cryptocurrency space.

The Community Trust Vote System moves away from how most crypto data aggregators use voting systems that are easy to manipulate. This DYP feature changes the voting procedure to make it impossible to exploit by anyone.

Here’s a hypothetical example of how DYP’s community trust vote works:

Consider using a highly popular crypto data aggregator, such as CoinMarketCap or CoinGecko. Users can submit their votes on any project without even holding its tokens or interacting with it. This means that evil entities can make scripts, run Twitter campaigns and manipulate a project’s score even if they don’t have anything to do with it.

DYP Tools seeks to change all of that. Simply put, users can access the Community Trust and ONLY vote on tokens they hold. So, for instance, if a user wants to vote in a particular way for Aaave, he can only do so if he has Aave tokens in his wallet.

With the Community Trust Vote, users can get honest and authentic feedback for any project. This information comes from people who hold that project’s token. So, it is in their interest to provide valid votes on it.

Lastly, DYP makes voting on a project easy for any token holder. Users only need to connect their wallets to the platform. They can choose between “Like” or “Dislike” votes. This process is instant and 100% free. The DYP smart contract automatically checks if users possess the tokens of a specific project to ensure vote authenticity.

DYP Locker

Every crypto project must have a way to guarantee security for its investors’ funds. More so, liquidity aggregators should provide premium locking features to gain their users’ trust. Without security services, any project is vulnerable to manipulation and, therefore, bound to fail.

For example, automated market maker platforms (AMMs), such as Pangolin and Uniswap, can always be subject to “rug pulling.” This colloquial term refers to a manipulation method that sees the removal of liquidity from an AMM, which results in its collapse.

Investors should always check that the liquidity of the project is under the high security of a locker. And, this is what DYP proposes through its cutting-edge DYP Locker feature.

DYP Locker is a game-changer when it comes to locking your liquidity. First off, users can do it for free. Secondly, when creating a lock, the protocol sends roughly 1% of the provided liquidity as AVAX. Next, it uses it to buy and lock DYP with liquidity. Lastly, the protocol releases DYP to the recipient wallet along with liquidity once unlocked.

In conclusion, once a user unlocks his liquidity, he will get back the locked DYP and be able to sell it.

To better explain the Locker feature, DYP tells the story of the protocol’s initial liquidity lock. In the beginning, DYP used a similar platform to lock liquidity in four pools. As a result, the total costs reached 4 Ethereum with 1 ETH per Pool plus 1% of the protocol’s total LP value. Unfortunately, this practice forces many investors to lock critical funds and pay high fees to use AMMs.

Fortunately, with DYP Locker, users can confidently lock in their funds for free. More so, they can enjoy better security against rug pulling or other forms of liquidity manipulation.

Yield Farm Data

This section of DYP Tools displays essential farm data from Pangolin. Additionally, it provides information from other yield farming aggregators. Users can see automatic input for all the old and new farms. This way, they can make better-informed decisions before starting to farm.

Buy DYP and User Subscription

Users can go directly and buy DYP tokens from Pangolin with WAVAX, PNG, WETH.e, USDT.e, and DAI.e to get DYP Tools Premium Subscription.

This process works thanks to the DYP smart contract that integrates with Pangolin. There, it swaps one of the supported tokens for DYP and locks them instantly and automatically. As long as the user keeps the DYP under lock, he is on a paid version. However, as soon as he unlocks his DYP, his account will switch to a free version. By buying and locking DYP again, the user can change back to the paid option.

Simply put, the Premium Subscription is free because users get back their tokens upon unlocking. More so, this paid version comes with introductory offers, such as:

Access to manual research info for both new and old projects
Early access to new features released in the future
Guaranteed allocation to presales of new projects launched using our LaunchPad

DYP LaunchPad

The DYP LaunchPad is one of the most exciting features of Dypius. While its release should occur soon, the crypto community has expressed its delight and high expectations following the announcement.

The up-and-coming LaunchPad will offer access to high-quality crypto projects and bring critical features, such as:

Mandatory smart contract audits by Blockchain Consilium or another top-tier auditor
Know Your Customer (“KYC”) of the project team
Liquidity locked using the protocol’s key feature, DYP Locker
Team Tokens locked investing contracts

The LaunchPad aims to provide new token offerings to the market. Also, users will be able to participate in primary token offerings. However, this will happen only based on their staking, farming balance, or DYP Tools Premium Subscription.

Additionally, users can submit information, such as links, liquidity lock info, audit info, team members, etc., for new projects to increase their Trust Score.

DYP LaunchPad 1.0

Dypius LaunchPad 1.0 will be available on Ethereum, Binance Smart Chain, and Avalanche. Also, it will come with features, such as:

One version of User Interface (UI) design

List of upcoming projects
List of previous projects
Due Digilence Reports
Audit Reports for Contracts

Users can see how much the project is looking to raise for every project. Also, they can read how much the project raised until a specific point. This information is all available on the Project Page in the Project Overview display.

Token Contributions

Users will have an account page and a whitelist feature. The section will have multiple tiers based on the amount of locked DYP. Also, different token purchase limits will apply to different tiers. A Google form for whitelisting and the option to accept eligible tokens contributions for tokens will also be available.

Admin page

Project administrators can list, edit, or delete fundraisers on the DYP LaunchPad. Also, they will have access to whitelisted addresses for each fundraiser. Lastly, they will download lists of stakers and DYP Tool subscribers and whitelist them for each fundraiser.

Smart Contracts on the DYP LaunchPad

The Launchpad will also feature a smart contract enabling users to lock DYP for relevant tiers. In addition, any user with an updated DYP Tools subscription smart contract can download a spreadsheet (CSV) list of subscribers.

The DYP developers will deploy standard presale smart contracts for each fundraiser. These smart contracts will accept USDC, USDT, DAI, WBTC, and WETH for predefined rates. Also, the users will get the tokens immediately. Finally, the raised funds will remain in the custody of the DYP team before their delivery to the fundraiser team.

Users will also access Token Locker smart contracts integrated with presale contracts. This feature will automatically lock tokens for a predefined duration after the purchase.

The project administrator will define the price of launched tokens in each eligible token. For example, if the project accepts USDC, the admin will have to set a price in USDC. Every project can receive multiple tokens.

Lastly, this feature will not have Uniswap integration for automatically calculating prices in WETH or WBTC. That’s because of transaction sandwiching concerns and to ensure optimal security.

Upcoming Contracts Releases

The DYP developers are not wasting any time. In September 2021, they announced that, within 30 days, they would release new contracts for farm, stake, buyback, and governance. Here are a few details about the upcoming features:

FARM

Available on Ethereum, BinanceSmartChain, and Avalanche
It will enable users to add liquidity and deposit LP using one asset automatically. So, for example, users can deposit ETH, sit back, and let the smart contract do all the work. Aso, they will only need to complete two transactions on the DYP dApp: approve and deposit.
Withdrawal will be possible by burning LP tokens and by withdrawing the initial deposit asset or another one.
While there will be constant buying pressure on DYP for each deposit, users will have the option to re-invest pending rewards.

STAKE

Available on Ethereum, BinanceSmartChain, and Avalanche
Constant buying pressure on DYP for each deposit.
Optimized contract to reduce the transaction fees.

BUYBACK

Available on Ethereum, BinanceSmartChain, and Avalanche
Option to re-invest pending rewards.
Constant buying pressure on DYP for each deposit
Optimized contract to reduce the transaction fees

GOVERNANCE

The governance contract on DYP will add new functions to change farm, stake, and buyback variables based on community vote.

DYP will first release all the new contracts on BinanceSmartChain. Next, they will release them on Ethereum and Avalanche, depending on the end date of the current contracts.

How to provide liquidity with DYP - Tutorial

This guide to staking on Dypius will show you how to deposit liquidity on DYP and receive Ethereum rewards.

Prerequisites and considerations:

Have a crypto wallet with enough Ether funds in it to purchase at least a handful of DYP tokens.
Remember that each Pool has different staking options and rewards.
Keep in mind that the lock time ranges from three to 90 days.
Remember that at the end of the day, 00:00 UTC, the protocol converts all pool rewards from DYP to ETH and WETH (wrapped Ethereum).

Here’s how to earn rewards on DYP:

First, connect your wallet to Dypius.
Choose one or all four staking pools:

DYP/ETH pool with three days Locking and Pool Rewards of 30.000 DYP/month
DYP/ETH pool with 30 days Locking and Pool Rewards of 45.000 DYP/month
DYP/ETH pool with 60 days Locking and Pool Rewards of 75.000 DYP/month
DYP/ETH Pool with 90 days Locking and Pool Rewards of 100.000 DYP/month

Deposit your liquidity tokens into your Pool (s) of choice by clicking on the “Add Liquidity” button.
The page will redirect you to the Uniswap website.
Choose the amount of ETH you are willing to spend for DYP.
Click “Approve DYP” and complete the transaction with your crypto wallet.
Once you receive payment confirmation, click “Supply.”
Next, you will receive the equivalent amount of LP tokens in your wallet on the staking app.
Click “MAX” and then “Approve.”
Now, press “Stake” to provide liquidity and earn ETH rewards.

Lastly, sit back and watch the rewards grow. If you want to take them, you can do so by clicking the “Claim” button. The funds will be ready to unstake every 24 hours. Depending on the Pool you have chosen, you may have to wait 3, 30, 60, or 90 days.

DYP SWOT Analysis

Dypius is a little over two years old. So, being new to DYP is not something inconceivable. But, while this yield aggregator may come with a wide range of benefits, you might hesitate to get into it. So, we put together a SWOT analysis of DYP to help clear the air.

DYP Strengths

Undoubtedly, DYP’s biggest strength is its security. This DeFi protocol makes sure that every smart contract undergoes a strict audit. Generally, well-established industry auditors complete this task. So far, the DYP smart contracts have passed under the scrutinous eye of PeckShield and Blockchain Consilium, among others.

Another one of DYP’s powerful advantages is its transparency. Contrary to half-baked yield farming DeFi projects, this one informs its users in great detail. With tutorials, guides, and other sources, they keep everyone up-to-date. Therefore, even beginner farmers know what they’re getting into before connecting their wallets to the protocol.

DYP Weaknesses

As the DYP team responded in its first AMA, “For the moment, DYP doesn’t have any known weaknesses.”

Nevertheless, DYP may have a slight weakness in its lack of notoriety. Hundreds of DeFi protocols appear overnight and disappear just as fast. So, keeping track of what and which project is genuine may be difficult, especially for beginner investors.

DYP Opportunities

One of the most significant opportunities that DYP provides is transparent yield farming. Through the anti-manipulation feature against crypto whales, the protocol aims to make the process clear and profitable. Also, it enables users to withdraw yield rewards in ETH or BNB, which is highly convenient.

As it stands, Dypius is the best friend of investors looking to enter yield farming. With a user-friendly approach and straightforward guidance, this yield aggregator is unlikely to disappoint.

DYP Threats

As it stands, DYP doesn’t face any serious threats. Although, of course, most DeFi protocols are under constant hack attacks. But, Dypius has some of the highest levels of security among yield farming platforms.

Nevertheless, several DeFi fiascos, such as the Sushiswap blunder, may reduce DeFi credibility. In addition, a decreasing number of investors could cause DYP and the entire sector to grow slower than they expected.

The DYP Roadmap

Dypius roadmap starts at the end of 2020 and continues throughout the successive year. The development team had not revealed any post-2021 plans at the time of this writing.

Q3/2020

Creation of Dypius platform
DYP Documentation Release
Building DYP ERC-20 Token S

Q4/2020

Token Crowdsale scheduled toward the end of October
Uniswap Listing
Liquidity Lock
Listing DYP in other exchanges
Building Smart Contract for Liquidity Mining pools
Building Smart Contract for miners
Smart Contract Security Audit
Add Liquidity Participating Pools
Ethereum mining pool Whitelist Launch
Launch DYP Governance
Launch DYP Referral

Q1/2021

Launch DYP Stake
Launch Smart Contract for Liquidity Mining pools on Binance Smart Chain
Launch DYP Earn Vault
Building DYP Tools
Bridge for swapping DYP between BSC and ETH networks
Partnerships
DYP Apps Development

Q2/2021 – Q4/2021

Release New UI Design for Main Website and all our dApps
Launch DYP NFT dApp v1.0
Launch yield farming on Avalanche Network
Bridge for swapping DYP between AVAX and ETH networks
Integrating Chainlink Price Feeds
Building DYP LaunchPad with DYP Tools safety features integrated on Ethereum Network.
Launch DYP Tools on Avalanche Network
Launch DYP LaunchPad with DYP Tools safety features integrated on Avalanche Network
Launch DYP NFT Marketplace.
Launch DYP Tools on Binance Smart Chain
Launch DYP LaunchPad with DYP Tools safety features integrated on Binance Smart Chain
Launch DYP NFT Marketplace on Binance Smart Chain
Launch Ethereum mining pool & yield farming for miners
Launch DYP Lending
Migration from Uniswap
Launch DEX with yield farming, staking, lending, cross-chain, and other products integrated
Built-in insurance for all DYP liquidity providers
Further extension and project growth in different areas

Q1/2022 – Q4/2022

Launch Cats and Watches Society NFT
Launch New Smart Contract for DYP Vault
Building CAWS Adventures 2D Game
Building CAWS Staking Smart Contract
Building New Smart Contract for DYP Staking
Launch New Smart Contract for DYP Staking
Launch Cats and Watches Society Staking Pool
Launch New UI Design for Main Website
Launch New UI Design for Dapps
Launch CAWS Adventures 2D Game
Play to Earn NFT Concept becomes active for
CAWS Holders
Building Extra Features for DYP Tools
Rebranding Process
Launch of the Metaverse game in alpha testing

Q1/2023

Metaverse Research and Launch of Different Products
Metaverse Begins for the CAWS
Further Extension and Project Growth in Different
Incorporation of a Legal Entity for upcoming
Regulation For Decentralized Finance
Expanding our Products to other Chains
Launch App for ios and Android
Launch Multi-Chain DEX

FAQ

What Is DYP Crypto?

DYP is short for DeFi Yield Protocol; however, they recently rebranded to Dypius to focus on the metaverse. Dypius still is a decentralized finance platform that aims to reduce the risks of yield farming. The project is an ever-expanding ecosystem of DeFi tools and services for both beginner and seasoned investors.

Is DYP Safe?

Yes, DYP is one of the safest DeFi protocols to date. However, its security relies on regular smart contract audits and transparent communication.

Where to Buy DYP Tokens?

You can buy DYP tokens at several crypto exchanges, including Coinbase, Huobi, KuCoin, Uniswap, and Pangolin.

Is Yield Farming on DYP Worth It?

Yield farming on DYP, or any DeFi protocol, is as safe and worthy as you make it. If you do your due diligence and follow the market, there’s no reason why you shouldn’t give DYP a try. You can transform it into a long-term profitable venture through careful planning and smart investing.

Completed milstones

2020

Inception

4 October – DYP launches with the promise of a safer and more profitable yield farming protocol.
8 October – DYP announces its Tokenomics plans, including distribution and liquidity pools.
23 October – First DYP AMA.
25 October – DYP announces that it has attracted more than $7 million from over 2,000 investors during a Crowdsale Whitelist event.
29 November – DYP announces some of its most prominent features, including staking and governance smart contracts.
14 December – DYP announces the successful auditing of its smart contracts by PeckShield and Blockchain Consilium.

2021

Full Steam Ahead

5 April – DYP announces the Bridge feature, which would help users swap tokens between Ethereum Network to Binance Smart Chain Network.
28 April – DYP announces the Earn Vault feature with Compound integration.
15 June – DYP teams up with Hummingbot to enhance liquidity mining on the platform.
22 June – DYP launches its NFT dApp V1.
22 June – DYP announces integration with Chainlink Price Feeds to secure yield farming data on the Ethereum and Binance Smart Chain Network.
23 June – DYP expands to Avalanche to help “users earn a yield on their assets while taking advantage of Avalanche’s low fees, high throughput, and sub-second finality.”
July – DYP launches the NFT marketplace and hosts NFT creation contests.
14 July – DYP partners with Pangolin
11 August – DYP announces integration with Coin98 Wallet.

2022

Growth & NFT launch

Launch Cats and Watches Society NFT
Launch New Smart Contract for DYP Vault
Building CAWS Adventures 2D Game
Building CAWS Staking Smart Contract
Building New Smart Contract for DYP Staking

CAWs

Launch New Smart Contract for DYP Staking
Launch Cats and Watches Society Staking Pool
Launch New UI Design for Main Website
Launch New UI Design for Dapps
Launch CAWS Adventures 2D Game
Play to Earn NFT Concept becomes active for
CAWS Holders
Building Extra Features for DYP Tools
Rebranding Process
Launch of the Metaverse game in alpha testing

Team

Mihai Nicusor CEO & Product Manager

Razvan Ion CTO

Teki Kolaneci Digital Strategy Manager

Bogdan Constantin Marketing Manager

Daniel Provak Software Developer

Gino Vizint Chief Ecosystem Officer

Referrences

https://www.dypius.com/

https://coinmarketcap.com/currencies/defi-yield-protocol/

https://dypfinance.medium.com/

https://coinranking.com/coin/kDvVndhL8%2Bdefiyieldprotocol-dyp

https://coinmarketcap.com/currencies/defi-yield-protocol/

https://dypfinance.medium.com/staking-governance-dapp-and-security-audit-reports-c4894891c7b8

https://dypfinance.medium.com/defi-yield-protocol-community-crowdsale-update-cdfff720547b

https://ro.linkedin.com/in/mihai-nicusor

https://www.dypius.com/about#aboutmain

https://dypfinance.medium.com/introducing-the-defi-yield-protocol-12ea2146d328

https://app.dypius.com/bridge

https://www.dypius.com/caws

https://dypfinance.medium.com/defi-yield-protocol-launches-nft-dapp-v1-a796b19aaabb

https://dypfinance.medium.com/defi-yield-protocol-integrates-chainlink-price-feeds-to-secure-yield-farming-data-on-ethereum-and-3fe85062a0e5

https://testca.gosite.ro/6-common-vulnerabilities-in-smart-contracts/

https://etherscan.io/tx/0x69d1faef4d41752c200dfe68b103c2823f94f225c502b455321bae0d94ebf8a5

https://app.dypius.com/earn

https://www.linkedin.com/in/razvan-ion-b455ba95/

https://www.linkedin.com/in/bogdan-constantin-1105b7201/

https://github.com/gianviz

https://github.com/dypfinance

https://github.com/dypfinance/DYP-staking-governance-dapp

https://dypfinance.medium.com/defi-yield-protocol-liquidity-mining-campaign-in-partnership-with-hummingbot-f619fd23c09d

https://dypfinance.medium.com/defi-yield-protocol-dyp-is-expanding-to-avalanche-21ae2323dd26

https://dypfinance.medium.com/defi-yield-protocol-first-ama-questions-answers-85880cfdf4f6

https://www.dypius.com/about#roadmap

https://testca.gosite.ro/cryptocurrency-whales-how-they-affect-the-market/

https://testca.gosite.ro/a-complete-guide-on-how-to-farm-yields-yield-farming/

https://testca.gosite.ro/a-look-at-the-binance-smart-chain-bsc-how-does-it-work/

https://testca.gosite.ro/the-beginners-guide-to-ethereum/#

https://testca.gosite.ro/defi-yield-protocol-dyp-follows-up-its-chainlink-price-feeds-integration-with-expansion-to-avalanche/

https://testca.gosite.ro/avalanche-consensus-everything-you-need-to-know-about-it/

https://testca.gosite.ro/the-ultimate-beginners-guide-to-decentralized-finance-or-defi/

https://app.dypius.com

https://testca.gosite.ro/beginners-guide-to-ethereum-erc-20-tokens/

https://testca.gosite.ro/the-kucoin-exchange-an-easy-to-follow-guide-for-new-users/

https://testca.gosite.ro/1inch-exchange-review-a-fierce-rival-to-uniswaps-hegemony/

https://twitter.com/dypfinance/status/1434515432002699271?s=20

https://priceprediction.net/en/price-prediction/defi-yield-protocol

Disclaimer

NO INVESTMENT ADVICE

All Crypto Adventure content is not investment advice. It is intended for informational purposes only. DO NOT miss construe any such information or other material as legal, tax, investment, financial, or other advice.

DO YOUR OWN RESEARCH

Crypto Adventure encourages all of its readers to conduct a thorough analysis of all projects. It is essential to do your own analysis before making any investment based on your circumstances. If possible, consulting a financial professional is also recommended prior to making any investment decisions.

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Upcoming Contracts Releases

FARM

STAKE

BUYBACK

GOVERNANCE

How to provide liquidity with DYP - Tutorial

DYP SWOT Analysis

DYP Strengths

DYP Weaknesses

DYP Opportunities

DYP Threats

The DYP Roadmap