Passive income with DeFi Yield Protocol

Published on: 18.03.2022

Passive income represents any amount of money that you can earn without being involved actively. Creating a way to generate passive income provides countless advantages:

Think of it as your retirement plan,
Having alternative sources of income will allow you to consolidate your wealth
Think of an early retirement.

In the last couple of years, more and more people turned their attention to the crypto market and started seeing opportunities for investing.

DeFi projects became more popular, and the reason is that they offer their users the possibility to earn attractive rewards in crypto as passive income.

One of these projects is DeFi Yield Protocol, or shortly DYP.

DYP created a platform where you can use assets like ETH, BTC, USDT, USDC, and earn a monthly passive income

With total transparency and unique smart contracts that are accessible to everyone DYP was the first platform that implemented an anti-manipulation system meant to protect its users.

If you are wondering, anti-manipulation policy means that for yield farming the rewards are paid in native tokens such as: ETH, BNB and AVAX and by doing this, high volatility of iDYP tokens is prevented.

Maintaining token price stability — every 24 hours, the smart contract will automatically try converting the iDYP rewards to ETH. If the iDYP price is affected by more than 2.5%, then the maximum iDYP amount not influencing the price will be swapped to ETH, with the remaining amount distributed in the next day’s rewards.

With smart contracts for yield farming available on all major networks such as Ethereum, Binance Smart Chain and Avalanche, DYP managed to pay 9,206 ETH, 10,112 BNB and 26,012 AVAX, worth approximately $29,639,945 to its liquidity providers. Now that is what you call passive income.

Besides yield farming, DYP team has created other opportunities for their users to maximize their rewards in the form of unique smart contracts that are available on the DeFi Yield Protocol platform and offer their users a safe and totally transparent way to increase their income:

Staking for DYP and iDYP with an APR up to 45%,
Buyback, where you can earn 80% APR in DYP,
DYP Earn Vault which is an automated yield farming contract with Compound protocol integration that offers an APR up to 18% for stable coins with no lock time.

They are all available on all the major networks out there: Ethereum, Binance Smart Chain and Avalanche, without the risk of impermanent loss.

Talking about passive income and eventually financial freedom, a good place to start is an investment with a positive long-term record

About Defi Yield Protocol

DeFi Yield Protocol LaunchPad brings new token offerings to market, and users will participate in primary token offerings as per their staking, farming balance, or DYP Tools