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Thursday

13 May 2021

DeFi Yield Protocol (DYP) Launches DYP Earn Vault – Sponsored Bitcoin News

DeFi Yield Protocol (DYP) Launches DYP Earn Vault – Sponsored Bitcoin News


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DeFi Yield Protocol (DYP) Launches DYP Earn Vault – Sponsored Bitcoin News.

Leading yield farming platform DeFi Yield Protocol has launched its highly anticipated DYP Earn Vault.

The Vault is an automated yield farming contract fully integrated with Compound Protocol and supports five markets, including ETH, WBTC, USDC, USDT, and DAI.

When users deposit funds into the Vault, the funds are forwarded to Compound protocol in exchange for respective cTokens held within the smart contract.

Apart from interest generated from Compound Protocol, the DYP Earn Vault also integrates unique strategies to increase the APY for each market.

Users can rest easy with DYP Earn Vault as funds are kept secured using the latest security mechanisms.

The launch of the DYP Earn Vault follows the roadmap of the DeFi protocol with the highly awaited DYP tools, the next product set to be launched in Q2 2021.

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