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19 April 2021

DYP Protocol Staking dApp Launches on Binance Smart Chain (BSC), LPs to earn Passive Income in ETH, DYP, or BNB

DYP Protocol Staking dApp Launches on Binance Smart Chain (BSC), LPs to earn Passive Income in ETH, DYP, or BNB


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There will be four staking options for each pool in the BSC with monthly rewards ranging from 30k to 100k DYP depending on the lock-up period ranging from three days to three months chosen by liquidity providers staking their liquidity tokens. .

LPs can stake their liquidity tokens, received from providing liquidity at their selected DYP pool on PancakeSwap, to the DYP/WBNB, DYP/BUSD, and DYP/ETH pools. .

The DYP protocol aims to reward liquidity providers with ETH coins and has integrated an anti-manipulation feature to transparently convert rewards into ETH without a noticeable impact on Ethereum prices.

Uniquely, through the DYP protocol, liquidity providers can trustlessly earn ETH, BNB, or DYP easily without risks. .

From there, users can choose to provide liquidity to any of the three pools: DYP/BNB, DYP/ETH, and DYP/BUSD, on PancakeSwap and stake their LP tokens with the option of being paid in the DYP Protocol’s token DYP, BNB—the native currency of the Binance Ecosystem, or ETH

To get started, users can obtain DYP tokens from DYP Protocols on PancakeSwap to supply liquidity and earn LP tokens

Apart from the anti-manipulation feature that safeguards the conversion of rewards to ETH, the DYP Protocol has taken steps to cushion against unexpected DYP volatility. 

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