DeFi Yield Protocol (DYP) is Expanding to Polygon, a Full-Stack Scaling Platform

This integration enables DeFi users to benefit from DeFi Yield Protocol’s unique products while taking advantage of Polygon’s full-stack scaling solution, and application performance.

The team at DeFi Yield Protocol is continuing to explore ways of making the ecosystem bigger and better through adding more promising blockchain networks. DeFi Yield Protocol currently supports the Ethereum, Binance Smart Chain, and Avalanche networks.

Today marks yet another level of expansion for their DeFi ecosystem, as they are expanding to Polygon to implement its network and technology on the DeFi Yield Protocol.

DeFi Yield Protocol’s expansion to Polygon is set for completion in November 2021 and will initially launch with five products: DYP Farming, DYP Staking, DYP Buyback, DYP Tools, and DYP NFTs.

DYP Farming allows Polygon users to provide liquidity to AMM pools and earn yield into native platform tokens of your choice, such as MATIC, ETH or other native tokens. Since inception, DYP has paid out over $30 Million (8807 ETH, 7297 BNB, and 11622 AVAX) in rewards to liquidity providers.

DYP Staking allows Polygon users to start earning DYP rewards by staking their DYP tokens. The staking pools have the REINVEST function integrated, it means you can automatically add your daily rewards to the staking pool.

DYP Buyback allows Polygon users to earn a 100% APR by depositing one of the supported assets into the Buyback contract. All assets will then be automatically converted into DYP and deposited into a staking contract. The rewards are distributed automatically and can be claimed every day. Also, this contract comes with the REINVEST function integrated.

DYP Tools provides advanced features, such as Decentralized Score, Unique Community Trust Vote System, DYP Locker, Yield Farm Data, and LaunchPad. This integration allows investors to make informed decisions that maximize yields and reduce risks.

DYP NFTs will be a marketplace that allows artists to mint, trade, feature and sell their creative work to the network of users on Polygon with low fees, and application performance.

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’ converting rewards into MATIC 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. Learn more about this feature here.

About DeFi Yield Protocol

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.

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SOURCE; https://dypfinance.medium.com/defi-yield-protocol-dyp-is-expanding-to-polygon-a-full-stack-scaling-platform-728d283f009e

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