DeFi Yield Protocol Launches New Staking Dapp: Report

DeFi Yield protocol launches a new staking and governance dapp as part of the need for decentralized solutions of the traditional finance system so let’s find out more about it in today’s crypto news.

There’s a huge shift in finance to the digital solutions sectors in the past few years and this trend was kicked into overdrive this year. The need for decentralized solutions to help the old and traditional finance system led to the emergence of crypto assets and decentralized finance. Early Defi projects laid the groundwork and provided more “proof of concept” that the industry has a strong potential and will likely replace traditional finance. Still, too many tokens came along with bugs and other security issues that made the growing sector not ready for the masses.

$21M in TVL just 3 days after launch!

Check the #staking dApp for some new features: Total Value Locked, API, and Return Calculatorhttps://t.co/ZBeNGJCLoZ

If you want to start earning #ETH you just need to join one of our liquidity pools#DeFiYieldProtocol #Ethereum #DeFi pic.twitter.com/SOBafWglCa

— DeFi Yield Protocol (@dypfinance) December 20, 2020

Because there’s a lot of potential in Defi, there’s a huge proliferation in new platforms that want to address and solve key issues that are overwhelming the market. for example, whales can control the network if they are big enough and all the critical bus in the code can cause a community to collapse. Therefore, the DeFi yield protocol and the DYP token address these issues and hope to bring an innovative and real-world solution to the forefront of decentralized finance.

The real power of the DeFi yield protocol and its DYOP Token has unlocked thanks to the new staking and governance dapp. DYP holders can use the dapp to activate ETH rewards and to access plenty of other benefits like earning rewards through DYP staking pools, through DYP Earn Vault, and through ETH miner pool. DYP Tokens can also be purchased at Uniswap where the liquidity was locked for a year using UniCrypt. The Defi Yield Protocol is also audited by companies like PeckShield, Security Oracle, and QuickScan to ensure the most accurate pricing and stability for the users.

Why should you hold $DYP? 
– in just 3 days our liquidity providers earned through #staking 63.5 #ETH worth $39,000
– if you hold DYP you will be able to vote for the undistributed rewards to be burned or distributed to the liquidity providers
JOIN NOW https://t.co/zxyI0V2tnr pic.twitter.com/Asu0s7pWkf

— DeFi Yield Protocol (@dypfinance) December 21, 2020

DYP’s regular smart contract auditing avoided risks of critical bugs that caused issues in the protocol which could have harmed the community. Those that are familiar with the Defi space saw these situations unfold a few months ago, which made the investors lose quite a bit. The DeFi yield protocol introduced an innovative “anti-manipulation” feature which makes it fair for the users and prevents the whales from gaining a lot of power over the network or pricing.