2021-06-15 · 3 min read
We are excited to announce a new 12-week liquidity mining campaign for DYP (Defi Yield Protocol) with a total reward pool of ~US$15,000 in DYP tokens! This campaign will start on June 22, 2021, 12:00 am UTC.
Start date: June 22, 2021 12:00am UTC
Total reward pool*: ~US$ 15,000 for 12 weeks (US$ 1,250 / week)
Reward token: DYP
Eligible token pairs:
DYP/ETH: US$ 625 / week
DYP/USDT: US$ 625 / week
Eligible orders: maker orders placed with spreads of 2% or lower
DeFi Yield Protocol is a unique platform that allows any user to provide liquidity, receive rewards in ETH or BNB for the first time since DeFi started, and use an anti-manipulation feature to convert the rewards into ETH or BNB without overly affecting the price. In other words, any person can provide liquidity and earn ETH or BNB with minimum risks.
DeFi Yield Protocol is the FIRST and the ONLY yield farming aggregator that is rewarding the liquidity providers in Ethereum (for the Ethereum Network) or BNB/ETH/DYP (for the Binance Smart Chain Network). In order to lower the risk of DYP price volatility, all pool rewards are automatically converted from DYP to ETH/BNB by the smart contract, and ETH/BNB/DYP is distributed as a reward to the liquidity providers. The users can choose between three different types of rewards: ETH, BNB, or DYP.
The yield farming is available on both Ethereum (ETH, WBTC, USDC, USDT pools on Uniswap) and Binance Smart Chain (BNB, ETH, BUSD pools on PancakeSwap) Networks. The liquidity providers can earn up to 231.64% APY according to DeFi Yield Protocol. It also has a Bridge that will help the users swap DYP tokens between Ethereum Network and Binance Smart Chain Network.
*For full terms of the campaign, please see liquidity mining campaign terms. To learn more about liquidity mining, see below:
Important notes and disclaimers
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.
The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.
No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.
Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.
Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.