DeFi Yield Protocol (DYP), a unique protocol that provides users with solutions for farming and staking crypto income, recently launched its new NFT marketplace that allows creators and collectors to mint and trade non-fungible tokens.
The marketplace enables users to create and sell their unique digital works of art on Ethereum. It will soon be expanded to include Binance Smart Chain (BSC) and Avalanche (AVAX) so that any user (artist or not) can transfer their NFTs between the three blockchains.
DYP users can finally enjoy unique digital property rights in a thriving NFT marketplace. The robust integration of an integrated NFT marketplace on DYP is a significant milestone in the field of digital collectibles. It introduces an environmentally friendly approach and lower transaction costs.
For the sale of their digital artwork on DYP’s NFT-dApp, creators are only charged a 0.30% payment, a factor that sets them apart from other competing NFT-dApps out there today.
The DYP NFT creative competition is LIVE!
To celebrate the launch of the NFT Marketplace, DYP launched a creative competition that invites NFT creators around the world to use their imagination and creativity to create unique collectibles.
The participants in the creative competition share a prize pool of $ 50,000. The NFT competition started on July 12th and will last until at least 1000 NFTs have been created.
The DYP token powers all products in the DeFi Yield Protocol and is a prerequisite for entering the ecosystem and unlocking an unprecedented level of security for projects and individual asset owners. The governance token now has a new use case that makes it easier for users to pay transaction fees for NFT smart contract operations in the ecosystem.
The protocol’s native token also has several use cases with the protocol’s liquidity lock, vault strategies, and the DYP recommendation system. The token is also a requirement for subscriptions to DYP Tools Premium. This service increases the use cases for the DYP token and enables the platform to provide a liquidity cabinet for each DeFi project.
The DYP Launchpad v1.0, which is currently only available on Ethereum, is set to launch on AVAX and BSC and offers multiple levels based on the amount of DYP blocked. Staking services from the DeFi Yield Protocol are also coming to BSC and AVAX very soon!
Aside from the above use cases, the DYP token is a prerequisite for entering the DeFi Yield Protocol ecosystem and unlocking an unprecedented level of security for projects and individual asset owners.
DYP cooperates with Avalanche’s Pangolin Exchange
DYP started offering its yield farming solutions on Ethereum and became the first and only protocol to reward users in ETH. The protocol has since been expanded to include BSC and is now looking to build its extensive capabilities on Avalanche to become a leading cross-chain DeFi platform.
The latest development from DYP is the strategic partnership with Pangolin Exchange, a leading decentralized exchange (DEX) in the Avalanche Network. The move brings users and liquidity from other networks to Avalanche and the Pangolin DEX.
DYP enables DeFi enthusiasts to earn up to 330.53% APY from Avalanche, the fastest smart contracts platform in the blockchain space. The AVAX / DYP pair in Pangolin has over $ 500,000 in liquidity just a week after DYP launched on Avalanche.