Launching Defi Yield Protocol liquidity mining campaign
This blog was originally posted on the Hummingbot blog on June 15, 2021.
We are excited to announce a new 12-week liquidity mining campaign for DYP (Defi Yield Protocol) with a total reward pool of ~US$15,000 in DYP tokens! This campaign will start on June 22, 2021, 12:00 am UTC.
Campaign Terms²
- Start date: June 22, 2021 12:00am UTC
- Total reward pool*: ~US$ 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
- Exchange: kucoin.com
About DeFi Yield Protocol (DYP)
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.
To know more about this launch, click here.
