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Defi Yield Protocol (DYP), a leading provider of Decentralized Finance (Defi) products and services, has announced the launch of its buyback program. show, which aired yesterday, August 4, 2021, at 1:00 p.m. UTC, integrates a DYP engagement component that project clients will find exciting.
Information from the DYP website and account explains that participants who deposit their funds into the repurchase agreement will earn 100% APR on their investments. product is available on the Ethereum, Binance Smart Chain (BSC), and Avalanche blockchains. To get started, parties interested in investing in the business can go to the product’s home page.
Buyback information
You will need to deposit one of these supported assets in smart contracts. contract then automatically converts them to DYP before depositing them into a participation contract. reafter, the program automatically distributes the rewards, allowing investors to claim them every day.
DYP is a platform that provides unique solutions in the Defi landscape. It allows its users to take advantage of its advanced trading tools to bet, trade with NFT and produce crops. Also, DYP is the only protocol that rewards its users in ETH. You can find more information about the protocol and its offerings on its website and at.
one-time buyback feature
Buyback supports various digital assets on the aforementioned blockchains. For example, Ethereum supports wrapped Ethereum (WETH), wrapped Bitcoin (WBTC), USDT, and USDC. You can purchase all these cryptocurrencies from Uniswap or any centralized cryptocurrency exchange.
Similarly, Binance Smart Chain supports Wrapped BNB (WBNB), ETH, BUSD, and BTCB, the BTC-wrapped version of BTC. Again, you can buy them on PancakeSwap in addition to any other centralized exchange.
Finally, Avalanche supports Wrapped AVAX (WAVAX), Wrapped ETH, Wrapped BTC (WBTC), USDT, and PNG. Besides using centralized exchanges, you can also buy them on Pangolin.
crypto community loves it
Cryptocurrency lovers have welcomed DYP’s announcement. While praising the move, a user named @Elijah_Asogwa who responded to DYP’s tweet described it as the best way to earn passive income. He also praised the DYP community for the tremendous development and said the product was heading to the moon.
It is a sentiment shared by another user of, A_LL. y believe that ” buyback program with #DYP Staking has been integrated into April 100% too tempting to lose.”
However, not everyone seems to share the enthusiasm. One crypto enthusiast @ kasimertas1984 couldn’t hide his disappointment with the product. While replying to DYP’s tweet, he said, ‘Hello dear team, you probably intend to resell. Because the visualization in the chart shows that more sales have been made than have been bought. It is really an unfortunate situation. #DYP is a big disappointment.
Wayne is a Blockchain enthusiast and cryptocurrency trading expert. Currently, he deals with trending topics in digital currencies.
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