Tag: Protocol
Breaking News
DeFi Yield Protocol V2 Pools are live on Ethereum, Binance Smart Chain, and Avalanche
Buyback Pools
Ethereum's buyback pool allows holders to earn up to 350% APY in DYP, by staking WETH, WBTC, USDC, USDT, DAI, or LINK.
Meanwhile, Avalanche's buyback pool offers up to 145% APY. Staking options include WAVAX, USDC.e, USDT.e, WETH.e, PNG, QI, DAI.e, XAVA, WBTC.e, or LINK.e.
Finally, the BSC buyback pool'>BSC buyback pool offers up to 100% APY. Users can stake with WBNB, BTCB, ETH, BUSD, or CAKE.
Upon deposit into these pools, the user's funds will be converted into a mixture of DYP and iDYP tokens, and placed into a staking contract. Staker's rewards can vary from 30% to 350% APY depending on the selected chain and the length of time they choose to lock up their tokens (0-90 days). All rewards are distributed in DYP when withdrawn.
Farming Pools
If old users need to withdraw their assets from the V1 farming pool, they will be left with two items. These include DYP, and whichever cryptocurrency/ token they initially deposited on their respective chain.
With this, DYP users gain greater opportunities to maximize future yield. Those initial tokens can be redeposited into the new farming pool!
On Ethereum, users can deposit ETH, WBTC, USDC, or USDT to earn rewards. Avalanche's farming pools will accept AVAX, while BSC's pool accepts WBNB, BTCB, ETH, BUSD, or CAKE. These rewards can come in the form of WETH,WAVAX, WBNB, or USDT. 75% of this deposit will be placed in its associated iDYP LP, while the other 25% is put toward DYP staking for up to 200% APY.
Rewards are automatically converted from iDYP into WETH, WAVAX, or WBNB respectively by the smart contract, as a shield against the former's price volatility. When withdrawing funds, the total initial deposit will be given back to the despositer, +25% extra rewards in DYP.
Staking Pools
Staking one's DYP can earn holders up to 130% APY on Avalanche, 550% APY on Ethereum and 50% APY on BSC. No impermanent loss is involved. As with the buyback pools, users that invest their tokens for longer periods of time will receive the best rates. They may also opt to use the “reinvest” function, automatically storing their gains back into the staking pool for compound interest.
DYP even included a referral program. Those that refer friends and family to DYP get 5% of their friend's staked assets as a reward.
Within a week of launching, the buyback, farming, and staking pools had accumulated over $90 million in deposits. DYP rewarded its contributors with 15,867 AVAX, 7,997 BNB, and 9,032 ETH, totaling $44,149,334 in tokens at the time. Currently, the highest APY available on the protocol is 625%.
Explaining DYP
Defi Yield Protocol (DYP) is a multi-purpose platform that may be used for staking, yield farming, NFTs, and a variety of other trading options.
DYP uniquely rewards its users with ETH – a first in the DeFi industry. Anti-manipulation protection is also included. This ensures that people receiving incentives through less reliable platform native tokens, like iDYP, have a stable payout.
DYP's decentralized tool dashboard assists investors in making informed decisions, by incorporating decentralized scoring, trust vote systems, and yield farm data.
The protocol has exciting projects planned for the upcoming months. These include V2 of its NFT Dapp on BSC / ETH/ Avalanche, and a launchpad for high-quality projects on all three chains.
Boost Your Profit by Staking Stablecoins
The USD Coin, otherwise known as USDC, is one in the pool of Stablecoins available today. It has a value equivalent to the US dollar and is sufficiently hedged from volatility. In this article, we look at a better way to generate passive income with your USD Coin. Table of Contents USDC Passive Income – ... Read more
The post Boost Your Profit by Staking Stablecoins first appeared on Blog.
Mario Floki: The Next Big Thing in Crypto World
Have you ever wish to join a project in which the PRESALE was FULLY FILLED in under 1 min yet still very early as it still haven't launched yet? Maybe be a part of a unique Low Market Cap token with a combination of both Trending Topic like Mario and Elon Musk's dog, Floki per say? Or maybe take part in a community with solid fundamental and experienced team which keep on delivering huge marketing?
Well, now you can have it all with… MarioFloki!
Mario Floki: The Next Big Thing in Crypto World
Get that nostalgia from the legendary Mario game but with a big advantageous twist - you can earn crypto just by playing it and own the cutest NFT with unique capabilities. And join while you're still very EARLY! Keep reading to learn how - Let's-a GO!!!
What Is Mario Floki Exactly?
There is a fair share of Mario-inspired projects along with a plethora of dog-themed ones. Yes, Mario Floki is a token project but it isn't just your typical meme coin. Instead, Mario Floki is a token project that has a “Super Mario Brothers meets Floki Shiba Inu” theme. Both are super cute and recognizable - so why not right? It sounds good but what exactly makes Mario Floki's token project so special?
Well first and foremost, their presale is sold out in UNDER 1 MIN, which is groundbreaking! This has never happened before and this mean huge futures for this project! And not just that, MarioFloki has some of the best marketing plans ever, one of them is an Upcoming Live Launch Video Call with the legendary Gold medalist, six-time U.S. national champion freestyle wrestler KURT ANGLE at 23 DEC 2021!!
And the features! Well, just imagine earning token rewards just by playing a Super Mario-themed mini-game, then using them to earn BUSD. There's also an NFT marketplace where you can buy, sell, trade, or HODL your favorite characters. Aside from all of this, players and holders can use the tokens to actively or passively earn BUSD through their DeFi protocol. This is all pretty impressive but it doesn't end there. As a member of the Mario Floki community, you are actually contributing to the welfare of kids (more on this later)!
The Pillars Of The Mario Floki World
We've all seen projects fail after the initial hype dies down and most of the whales have liquidated their holdings. The overall trading volume reduces shortly thereafter, usually in parallel with the mounting FUD. The fate of a token without utility, or at least a solid use case, is often destined to the graveyard of dead crypto projects. Luckily for the Mario Floki community, several pillars establish the foundation of their token project. Let's take a look at each pillar in detail.
Play-To-Earn Gameplay
Mario Floki capitalized on NFT games which is currently booming by creating their play-to-earn (P2E) game which is reminiscent of the original Super Mario Brothers (SMB) side scroller. Who doesn't want to play games while earning, right?
The characters that can be chosen are all inspired by the cast found in SMB and the storyline is similar too. You'll be able to select a character like MarioFloki, or FlokeyKong, or a host of other familiar characters and progress through the levels while racking up points, collecting power-ups, and gaining experience. Princess PeachFloki is being held captive so it's your job to clear the stages of the MushroomFloki Kingdom and fight your way towards the final boss, BowserFloki.
All of this sounds pretty familiar, doesn't it? Here's the thing – Mario Floki isn't trying to reinvent the wheel or tap into the metaverse. Their intention is simple: Let players have some fun with mini-games and let them earn $MRFLOKI tokens at the end of each level completion. The P2E mini-game format is perfect for those who like to game but don't want to invest hours upon hours to level up their characters only to receive marginal payouts. Playing the game is simple too.
You're allocated three tries, or “lives”, per day which is similar to how the original SMB game was set up. There isn't a reset or pause button so there is an element of FOMO on token earnings per day if you were to lose all of your tries. You'll definitely want to hone your skills because the difficulty increases with every stage but the overall game is simple enough that the barrier to entry is quite low. Because the P2E game maintains interest via the leadership rankings, players are incentivized to keep on playing and to continue unlocking rewards. The players at the top of the rankings will receive prizes that are set by the community but you'll need to be actively playing and maintaining your position to see what they will be.
Rewards, Charity, And Earning Mechanics
Okay, so you're getting good at the P2E game and are accumulating tons of $MRFLOKI tokens. What do you do with them? After accruing at least 100 million $MRFLOKI tokens you can earn crypto passively. Yep, you read correctly! The Mario Floki team calls this the “Super BUSD Bonus” where players can earn BUSD rewards automatically every hour just as long as this minimum holding quantity is held. Since BUSD's price is relatively stable, you can rest assured that your cashouts from crypto to fiat will be fairly accurate and predictable.
Other competitor tokens require a much higher minimum holding quantity - some as high as 10x more. The $MRFLOKI token supply is limited to only 1,000,000,000,000 which is also comparably low to other competing projects. What this means is that the relative token scarcity and the low minimum holding quantity for earnings make it attractive for passive income investors. With the law of supply and demand in full effect here, you can expect the price of each token to increase in value as time passes, especially as interest in the project grows.
As a $MRFLOKI token holder, you will be earning on every transaction. The tokenomics is set up so that for each type of transaction (either buy or sell), tax is collected and redistributed to different sections of the operations and as rewards to HODLers. You stand to earn anywhere from 6-8% BUSD for these transactions so it pays to HODL – the more you hold, the more you will earn in taxes. What's interesting here is that from the taxes collected from the sell transactions, a portion goes to charity.
Mario Floki wants to give back, not only to the community of investors but also to those in need. Mario Marathon is an online fundraising organization for children in need and the team at Mario Floki drew inspiration from them and mirrored their idea. The team is working to establish partnerships with charities that specifically work towards the betterment of children's lives. Think of the children out there with no food, shelter, medicine, have disabilities, or lack opportunities. What this means is, you as a $MRFLOKI token holder will be contributing to these charities and therefore helping to transform people's lives.
NFTs And Giveaways
The Mario Floki team is working to partner up with various exchanges soon so make sure to keep up with them via their Telegram account. Once they are listed, you can expect their token value to spike pretty much immediately, so watch out for that. The team plans to issue daily quizzes so that all levels of investors in the community and even non-investors have fair earning opportunities. These provide another avenue of earning rewards and while securing whitelist spots for giveaways.
Remember we talked about the playable characters in the P2E game? Special edition characters can be purchased through the NFT marketplace. These aren't your typical NFT digital art, however. You can marvel at its beauty but because only a limited supply of each character are minted, they will truly be scarce and as the project increases in popularity, they will become coveted items.
As an added incentive, these NFT's can be playable in the P2E game. The difference with these NFTs versus the stock characters is that they will have special attributes, like the ability to throw barrels if you have one of the special edition Flokey Kong NFTs. Because the NFT can be used within the P2E game, you have an advantage in the game and this can ultimately play in your favor when earning rewards.
Why Should I Join Mario Floki?
Mario Floki is DeFi token project that allows players, investors, HODLers to earn crypto while buying and trading within their NFT marketplace. The $MRFLOKI token is directly correlated to your BUSD earning potential. The more you have the more you can earn passively but it isn't just a means to earn crypto.
Mario Floki combines Defi and crypto P2E gaming while contributing to the betterment of children's lives – all through a fun, playful, and familiar cast of characters. But what makes it so different than any others is that this Low Market Cap token has a Record Breaking presale, a vidcall with Kurt Angle soon at their Launch Date, a huge marketing plans, an amazing team and community, tons of giveaways and prized giveaways, and so many more bright futures ahead!
If this isn't a win for all, I don't know what is. The LAUNCH is coming up very soon so make sure to get in on the action asap and meet KURT ANGLE with MarioFloki! And please remember you are still very early if you join it now so be a part of it now before you get left out because this project is going to the moon!
To learn more about the project :
https://www.mariofloki.com
CONTACT DETAILS
Visit their socials to get the latest updates on their progress:
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