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DeFi Yield Protocol Introduces Fixed DYP Rewards and The ETH Mining Pool

Adam Robertson • Jan 23, 2021

The DeFi Yield Protocol (DYP) offers crypto holders a new way to earn rewards directly in Ethereum for providing liquidity. Holders of DYP, the native token underpinning the project, can provide liquidity and earn rewards via the ETH smart contract integrated with Metamask and Trustwallet.



According to the official DeFi Yield Protocol’s official Twitter page, DYP liquidity providers have currently earned 1,443.67 ETH via the project's unique staking dApp in just 33 days. Investors earned 66.82 ETH in the past 24 hours!       

Any crypto enthusiast can start earning ETH rewards today by depositing their liquidity provider tokens (Uniswap LP tokens) into the corresponding initial list of pools. There are four liquidity pools currently available, DYP-ETH, DYP-WBTC, DYP-USDC, and DYP-USDT. 


Each pool offers four distinct staking options, with monthly rewards starting from 30,000 DYP up to 100,000 DYP. The amount of DYP earned depends on each pool's lock time (from 3 days up to 90 days). 


The DYP platform also focuses on defying the notion that DeFi is a space where whales have the power to control the network. The protocol guards investors against whale attacks by automatically converting all pool rewards from DYP to ETH every day at 00:00 UTC. Smart contracts then distribute wrapped Ethereum (WETH) as rewards to liquidity providers.


This anti-manipulation feature lowers the risk of DYP price volatility or a whale dump that would crash the DYP price instantly, thus guaranteeing the stability of the native token's value. 


Introducing Fixed DYP Rewards

This month, DYP is launching staking pools with daily rewards starting from 20% APR up to 35% APR. The returns received will depend on the lock time from a minimum of 30 days up to 120 days.


The upcoming development will help investors automatically add their daily rewards to the staking pool with 0% fees via the RE-INVEST function. DYP also plans to integrate its referral program, where users get 5% of their friend's rewards whenever the friend stakes DYP.


The DeFi Yield Protocol also intends to contribute to the crypto ecosystem with a DYP liquidity locker for token developers and support to lock Uniswap liquidity for multiple pools. 


Other upcoming features include support for multiple lockers with different unlock times and support for numerous vesting lockers for Uniswap liquidity.


The DYP ETH Mining Pool Is Coming in Q1 of 2021

One of the scheduled events for Q1 of 2021 is the rollout of the ETH Mining Pool set up with an investment of over $1 million (the Whitelist is currently running).


Participants in the ETH mining pool stand to receive a 10% monthly bonus of the ETH monthly income earned. For instance, if the ETH price is $1000, the DYP price is $5, and a user's monthly estimated earnings are 1 ETH, then each miner address that interacts with the DYP smart contract will earn a monthly bonus of 20 DYP tokens worth $100.


Users who wish to claim monthly DYP tokens must first join the zero-fee ETH mining pool set up by the DYP team, meaning they will also earn more ETH monthly. 


The ETH mining pool & yield farming for miners will provide a 10% monthly DYP bonus + 0% mining fees to all miners. The mining pool bonuses will disburse a maximum amount of DYP with a -2.5% Price Impact.

The DYP team is currently waiting to achieve the Hashrate required to mine a pool (250 GH/s) to roll out the mining pool. So far, the protocol has clocked up 35 GH/s Hashrate from miners.


Other Upcoming Developments in Q1 2021

The DYP Earn Vault's launch is also scheduled for the first quarter of this year. This upcoming feature, which is currently in development, is an automated yield farming contract that maximizes returns by moving providers' funds through the most profitable platforms.


75% of Earn Vault's profits will be dispersed among the liquidity providers, while the remaining 25% will be used to buyback DYP governance protocol tokens to enhance liquidity.


The DYP Earn Vault will offer support for ETH, WBTC, USDC, USDT, and DAI in 5 lockup durations/pools for each deposit token (durations of 3, 30, 60, 90, and 120 days).


The DeFi Yield Protocol also plans to introduce Uniswap Integration to periodically auto-buy DYP tokens using above 25% fees and send them to a burn address. The feature will offer rewards in ETH, WBTC, USDC, USDT, DAI, + extra DYP rewards for each pool.


Users also get access to an Additional Claim function for compound rewards and the option to Re-Invest DYP rewards with constant staking integration.


The DYP Tools With Decentralized Trust Score 

The DYP team will soon launch DYP tools in Q1 of 2021 to capture data cached from decentralized exchanges (DEX) and the latest liquidity providers. The custom DEX tools dashboard will also gather data from the latest open-source information such as Etherscan to help all DeFi investors make prudent investment decisions.


Users will also view and explore Uniswap pools/pairs and get access to trading charts and DEX real-time info. The DYP tools are set to create an informative platform that shows all the existing projects listed on Uniswap with unique features. 


The tools will utilize the DYP liquidity locker to offer projects a 100% decentralized trust score based on vital facts such as their liquidity locked. Other criteria considered include the state of their contract security audits and whether the project team is public or not. 


The trust score will also be computed based on whether the liquidity on Uniswap was added by the contract creator's address or by a token holder.


Moreover, the DYP tools home page will come with a link that takes traders directly to the listed tokens on Uniswap or another exchange. Top projects are ranked based only on their trust score, which is obtained in a fully decentralized manner.


Token holders of a particular project can access a “Community Trust” feature that allows them to vote on vital issues regarding the project. 

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

Leetah Launches Presale Phase for LEET Tokens Eyeing $5 Million Soft Cap

By Press Release • 09 May, 2024
The Leetah project has officially launched its presale phase for the platform's native token, LEET. The project takes inspiration from the term "Leet" ("elite") and the features of a cheetah in a fun crypto twist. With a 5-phased roadmap, this new meme coin has a serious design that wants to bring value to its community. The ongoing presale phase aims to raise a soft cap of $5 million, a new important milestone for the project.  Leetah's Presale and Engagement Opportunities The project's presale will start at an initial price of $0.0065 for each LEET token. The team plans to leave the presale open until investors buy all allocated tokens. Specifically, with a total supply of 1,337 billion tokens, the presale will allocate 35% of this amount. Another 25% will let the team develop the project through its roadmap. LEET will go live through a decentralized exchange (DEX), for which the team allocated 30% of the token supply. The remaining 20% will cover marketing expenses (10%), airdrops (5%), and affiliates benefits (5%). The project will also feature a "Refer and Earn" program. The initiative will allow participants to earn additional LEET tokens by referring friends and family to the presale. With a 10% reward on their referrals' purchases in USDT, this program incentivizes active promotion and engagement within the community. Multi-Chain Launch Plans Leetah aims to launch on multiple blockchain platforms, including Ethereum, BNB Chain, and Solana. This approach will not only promote accessibility for investors but also set the foundation for potential expansion in the future. The project has already gained traction within select alpha communities with its unique presale strategy and innovative features. Specifically, this project's plans feature five different phases: Phase 1 (or "LeeTah is born") involves launching social channels and the website, followed by the presale phase. Phase 2 ("LeeTah grows") focuses on community building and marketing initiatives while passing a contract audit for security purposes. Phase 3 ("LeeTah roars") will see an increase in marketing efforts and community contests. At this stage, the team also expects to conclude the presale phase. Phase 4 ("LeeTah sprints") will mark the launch of Leetah's NFT collection and its listing on CoinGecko and CoinMarketCap. Finally, Phase 5 ("LeeTah Feeds") will involve the project's listing on major centralized exchanges and the launch of LEET TOOLS. About Leetah Leetah is a project driven by experienced developers to implement and test cutting-edge technologies in blockchain and digital token offerings. The project aims to be a leading name in Web3, pushing boundaries for investors and cryptocurrency enthusiasts worldwide. The ongoing presale phase for its native token, LEET, aims to raise a soft cap of $5 million. Leetah plans to launch on multiple blockchain platforms and has an ambitious roadmap featuring 5 phases of development. With its unique concept and strong team, Leetah wants to leave its mark in the Web3 sector. Anyone curious about Leetah and the LEET token can visit the project's website . The social media pages below frequently share news on Leetah's developments. X (Twitter) | Telegram

NOWPayments Enables Cryptocurrency Purchases of Tangem Wallets: Expanding Payment Options with BTC, ETH, USDC, and More

By Press Release • 09 May, 2024
NOWPayments, a leading crypto payment gateway , is proud to announce a strategic partnership with Tangem, the world’s leading provider of secure and easy-to-use hardware crypto wallets. This collaboration is set to revolutionize the way customers engage with digital currencies by enabling the purchase of Tangem wallets using a broad spectrum of cryptocurrencies. Responding to substantial customer demand within the Tangem community, this partnership facilitates the ability to purchase hardware wallets directly with cryptocurrency, providing a much-needed solution for enhanced transaction convenience and security. Through this initiative, customers have the opportunity to acquire Tangem wallets using a diverse range of digital currencies, including BTC, ETH, USDT, USDC, XRP, APE, SOL, TRX, MATIC, ADA, ALGO, LTC, DOGE, BCH, SHIB, DAI, and KAS. This not only meets consumer expectations for seamless transactions but also boosts the utility and adoption of these cryptocurrencies in everyday purchases.  Furthermore, this partnership significantly benefits our blockchain partners by increasing the transactional use and visibility of their tokens, thereby strengthening their position in the global crypto market. Tangem AG is a Swiss technology company known for its remarkably simple and secure self-custodial hardware wallet. The Tangem Wallet, the size of a standard bank card, enables users to securely store, buy, swap,, transfer, and manage thousands of cryptocurrencies anywhere and anytime, while being the only owner of your private keys. Tangem is redefining the wallet experience by delivering top-level security, simplicity and accessibility. “Our partnership with NOWPayments marks a significant milestone for Tangem, as we continue to evolve and adapt to the changing landscape of digital payments. Being able to accept payments in crypto not only expands our reach but also aligns perfectly with our mission to simplify and promote the use of cryptocurrency in everyday transactions. It underscores our commitment to innovation and customer-centric solutions, enabling us to better serve our community and partners while driving forward the broader adoption of digital assets”. NOWPayments and Tangem are committed to continuously developing and refining the infrastructure that supports digital currency transactions. This collaborative effort is a testament to our shared dedication to promoting a more inclusive and efficient financial ecosystem. About Tangem Tangem is a leading Swiss-based provider of secure hardware wallet solutions designed for the safekeeping and management of digital assets. Its mission is to empower individuals to take control of their digital wealth, with an emphasis on security, ease of use, and flexibility. Tangem's innovative products have garnered significant interest from investors and customers alike, driving the company's continued growth and success. For more information, visit the website . Follow Tangem’s latest news on X (Twitter) , Telegram , Discord , YouTube , Instagram , and LinkedIn . About NOWPayments NOWPayments is the leading cryptocurrency payment gateway offering support for over 300 digital currencies, enabling businesses and individuals to accept crypto payments with ease. The platform stands out in the market with its low transaction fee of only 0.5%, the lowest fee on the market. Clients can directly withdraw euros to their bank accounts, enhancing the convenience and usability of the service. Each account benefits from personalized attention through a dedicated account manager and round-the-clock support, ensuring a smooth and responsive user experience. With NOWPayments, embracing the power of cryptocurrencies has never been easier or more accessible. For more information, visit the website . Follow Tangem’s latest news on X (Twitter) .

Galaxis Unleashed: The Highly Anticipated Token Launch on Bybit

By Press Release • 09 May, 2024
On the 10th of May 2024 at 10AM UTC, Galaxis, a Swiss-based Web3 platform, is set to announce its initial token launch, which will be accessible through the Bybit exchange platform. Galaxis is a platform designed to empower creators and brands to build and manage their communities, ensuring that once a community is established, it remains under the sole ownership of its creator and members. Along the journey, partnerships with high-profile individuals like DJ Steve Aoki, actor Val Kilmer, and NBA personality LaMelo Ball have been established. Over the past few years, more than 225,000 NFTs have been sold, generating over 32,000 ETH ($100 million) in secondary sales of NFTs. Now, the focus is on mass distribution. CEO and co-founder Andras Kristof, who also installed the first Bitcoin ATMs in Singapore, shares some exciting news: "The next step includes supercharging the ecosystem with our $1M dollar Creator Grants programs, the CoinMarketCap Incubation, and many other exciting opportunities where both creators and members get paid. All this is happening on the Galaxis Platform, which is launching soon.” Galaxis, as a post-hype NFT utility platform, believes that this new technology will transcend the hype and bring real value to all industries beyond Web3. 

MAOCAT Successfully Raises Presale Funds, Bringing Back the Memecoin Hype

By Press Release • 09 May, 2024
The team working at MAOCAT has recently acknowledged the great success of the project's presale fundraising round. With this operation, they have managed to raise a significant amount and attract the attention of investors and meme fans. The project's diverse ecosystem, featuring staking, farming, launchpad, and NFT marketplace functionalities, is proving appealing. With many memecoins failing to gain traction in the presale stage , MAOCAT is already standing out in this sector. A Rare Successful Presale Story Crypto enthusiasts know that presales are a crucial phase for any project, where success is elusive. While many projects have not even managed to survive the presale phase, MAOCAT has already managed to raise over $300,000. This means that the team has already allocated more than half of the available tokens for the presale. The presale token quantity stands at 3,000,000,000 tokens, while the total supply is 5,000,000,000 MAOCAT tokens. This means the team reserved 60% of the total supply (3,000,000,000 tokens) for the presale allocation. The remaining 40% will help fund future initiatives and ecosystem development for MAOCAT.  The presale will follow a gradual increase in token price, from $0.0015 per token in Phase 1 to $0.003 per token in later phases, with a selling quantity of 300,000,000 tokens per phase. The project also has a clear taxation structure: Marketing Tax: 3% Liquidity Pool (LP) Tax: 3% Development Tax: 2% Buy and Sell Taxes: 0% This taxation structure aims to ensure the project's long-term sustainability and growth. MAOCAT has already shown itself as a rare success story in presales, as its numbers are showing. Building a Diversified Ecosystem with MAOCAT The project's ecosystem relies on various innovative features to provide a diverse and profitable experience. MAO CAT offers NFT minting, farming, launchpad, and a marketplace for trading and collecting. These features allow users to participate in the fast-growing NFT market and earn from their investments. Additionally, the project's fixed staking feature provides stability and rewards for holders of $MAO. Future updates will also include the ability to launch tokens through the IDO process and acquire MAO CAT NFTs. With a diverse ecosystem, MAOCAT aims to capture various market segments and continue growing in popularity and value. The rarity tiers of the 10,000 MAO CAT NFT collection offer unique benefits for holders. Moreover, the project plans to fairly mint and reveal these NFTs through different methods. With MAOCAT, users can benefit from owning rare and legendary NFTs while supporting the growth of the underlying project. About MAOCAT Derived from the Chinese word "máo," MAOCAT is an Ethereum-based memecoin that has gained popularity worldwide. Thanks to its unique features and capabilities, MAOCAT aims to create a robust blockchain ecosystem with a strong community. This team's idea is to enter a market where dog-themed memecoins are prevailing and bring something fresh to the table. An early adopter of the project can easily participate in the presale on the Ethereum chain. In order to do so, one only needs to connect a wallet to the presale purchase window and send ETH. With over $300,000 already raised in the presale round, MAOCAT has shown how serious it is about its vision. The project's official website and whitepaper represent an easy-to-read, simple suite of information for any crypto enthusiasts. Furthermore, MAOCAT's social pages constantly update the community on new developments and milestones. X (Twitter) | Telegram | Instagram | YouTube
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