Joint Liquidity Mining on Avalanche with DeFi Yield Protocol DYP on KyberDMM

1. Project Introduction

The DeFi Yield Protocol (DYP) is a unique platform that offers 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 made history in the DeFi space by becoming the first and only protocol to reward users in Ethereum.
The protocol employs an anti-manipulation feature that aims to limit the market impact on users’ converting rewards into ETH and other native platform tokens. Anti-manipulation aims to maintain stability, fair access to liquidity, and provide a secure and simplified DeFi platform for users of all sizes.
The core feature of the DYP is the decentralized tool dashboard. It provides advanced features, such as Decentralized Score, Unique Community Trust Vote System, DYP Locker, Yield Farm Data, and LaunchPad, allowing investors to make informed decisions that maximize yields and reduce risks.
DeFi Yield Protocol is a multi-chain platform available on Ethereum, Binance Smart Chain, and Avalanche. Since launch our users have earned 8791 ETH, 7195 BNB, and 11438 AVAX worth $34,648,092.
What is the use case of DYP token? DYP serves as the fuel for all products in the DeFi Yield Protocol ecosystem and it could be used in the following use cases:

Transaction fees for NFTs smart contract operations
Staking on Ethereum Network
Yield Farming on Ethereum, Binance Smart Chain, and Avalanche
Part of the DYP Earn Vault Strategies
Community voting for decentralized Governance
DYP Referral System
Subscription tokens for DYP Tools Premium
DYP Locker fulfil security for smart contracts by locking their liquidity; DYP is the token used for the liquidity lock
DYP Launchpad v1.0 will offer multiple tiers based on amount of locked DYP

This is just scratching the surface, though. Ultimately, DYP is a requirement for entering the DeFi Yield Protocol ecosystem and unlocking an unprecedented level of security for projects and individual asset holders.

2. Proposal Summary, Motivation, and Key Details

DeFi Yield Protocol is proposing a joint liquidity program with Kyber on the Avalanche network.

As part of this program, users will be able to provide liquidity to the upcoming DYP-WAVAX pair on KyberDMM to receive dedicated LP tokens. These tokens can be staked to earn dual rewards in both DYP and KNC at a 2:1 ratio.

With the incentivized pool, KyberDMM will become a primary location for DYP trading on Avalanche. Another important aspect of the collaboration will be the integration of DYP Tools with KyberDMM for Ethereum, Binance Smart Chain, and Avalanche networks.

Motivation:

DeFi Yield Protocol has been already integrated with Avalanche and launched a couple of products including yield farming with AVAX rewards, buyback program, bridge, and DYP Tools. The integration with Avalanche also includes DYP NFTs and LaunchPad, these products are expected to be launched in the next 30 days. Since the launch of the DYP Farming on Avalanche that happened two months ago, we have paid to the farmers 11438 AVAX worth $830,170. Also, in just one-month DYP worth $370,425.35 has been bought using the Buyback program on Avalanche.
DYP Tools launch on Avalanche took place just two weeks ago and we have at least 1000 unique users each week from Avalanche network.

With this program we will attract more DeFi users found within the Kyber community, with DYP-KNC reward distribution. Our goal is to expand both Kyber and DeFi Yield Protocol ecosystems.

3. KNC Amount Requested

USD $100k in KNC incentives

4. Project Contribution Amount

DeFi Yield Protocol will provide $200k worth of DYP rewards for 8 weeks, in addition to seeding the initial liquidity at a level between $400k and $600k, depending on market conditions at the time of pool creation. The pair will be DYP-WAVAX.

5. Network

Avalanche

6. Token pair option

Others

7. Vesting Schedule

No vesting

8. Campaign Duration

2 months

9. Project Details

Contact: contact@dyp.finance
Website: https://dyp.finance
GitHub: DeFi Yield Protocol · GitHub
Twitter: https://twitter.com/dypfinance
Medium: https://dypfinance.medium.com
YouTube: DeFi Yield Protocol - YouTube
LinkedIn: https://www.linkedin.com/company/defi-yield-protocol
Telegram: Telegram: Contact @dypfinance
Telegram Announcements: Telegram: Contact @dypannouncements
Discord: DeFi Yield Protocol
Governance: DeFi Yield Protocol
Logo: Colour Logo Version - Google Drive
Contract Address: 0x961c8c0b1aad0c0b10a51fef6a867e3091bcef17
Uniswap Analytics: Uniswap Info
Pangolin Analytics: Pangolin Analytics
CoinMarketCap: DeFi Yield Protocol price today, DYP to USD live, marketcap and chart | CoinMarketCap
CoinGecko: DeFi Yield Protocol price, DYP chart, market cap, and info | CoinGecko

33 Likes

This is HUGE lets goo $DYP

9 Likes

This is great partnership

8 Likes

Cool DYP continue to grow day by day

6 Likes

Can’t wait to see this happen
$200k reward is really crazy amount

Already $AVAX is on :fire::fire::fire:

$DYP to the :waxing_crescent_moon::waxing_crescent_moon::waxing_crescent_moon:

7 Likes

That’s great hear from #DYP :rocket:

These partnership gona impact on $ DYP for sure :v:t5::star_struck:

-6141168325900741646_109

8 Likes

Definitely we are lucky to hold DYP :gem:

6 Likes

Lets do it DYP and KYBER :handshake:

5 Likes

DYP! WHOOP! Let’s get this done! THIS GEM is truly a Diamond. I always admire your partnership with legit and top notch projects. Keep it up.

5 Likes

Would be a great addition for everyone!

3 Likes

Looking so forward for these pool, DYP already rocking with farming and staking pools in ETH, BSC and AVAX chain

4 Likes

COOL Dyp the best. :ok_hand::rocket::rocket::rocket::checkered_flag::checkered_flag::checkered_flag::comet::comet::comet:

4 Likes

Woah! Let’s go!!! I’m so looking forward to this integration. Dyp just keeps finding multiple ways to reward its users it’s amazing!

4 Likes

Amazing partnerships only with amazing projects, $DYP surely knows high quality platform to be part of it’s amazingly unique ecosystem.

5 Likes

Keep going $DYP @dyp.finance :star_struck:

4 Likes

Non-Stop developments and true a hands off experience … WELL DONE

4 Likes

Happy to see $DYP joint liquidity program with Kyber on the Avalanche network.

This is awesome :sunglasses:

7 Likes

Great partnership, am waiting for Binance launch soon or later

5 Likes

Oh great, Helps to learn more About $DYP… Obviously good…:100:

2 Likes

Goodness! $DYP is the best thing to have happened in the crypto space… I love the fundamentals on which its built: use cases and anti- manipulation. I’m filling my bags with this GEM rn , it potentials is massive. Well done $DYP

7 Likes