Welcome to another edition of our head-to-head exchange comparison series, where we break down the top crypto exchanges to help our community figure out which crypto exchange is right for them. No two exchanges are created equal, and each has its strengths and weaknesses. Therefore, it is vital to find the proper exchange that fits […]

The post FTX vs KuCoin: Which Exchange is right for YOU? appeared first on Coin Bureau.

With the rise of derivatives trading, how do protocols ensure that retail investors are not going in blind?

DUBLIN–(BUSINESS WIRE)–The “Crypto ATM Market Size, Share & Trends Analysis Report by Type (One Way, Two Way), by Offering, by Coin Type (Bitcoin, Dogecoin, Ethereum, Litecoin), by Application, by Region, and Segment Forecasts, 2022-2028” report has been added to ResearchAndMarkets.com’s offering. The global crypto ATM market size is expected to reach USD 1.88 billion by […]

The post Global Crypto ATM Market Analysis & Forecast Report 2022-2028 Featuring GENERAL BYTES, Genesis Coin, Lamassu Industries, Covault, Bitaccess, Coinme, Coinsource, Coin ATM Radar, Orderbob, Cryptomat – ResearchAndMarkets.com appeared first on Fintech News.

The crypto ATM market is anticipated to reach $1.88 billion by 2028, according to a report by US-based consulting firm Grand View Research Inc. (Read More)

FTX US and Bitstamp USA want to offer stock trading products to their clientes, directly competing against Robinhood and eToro.

Although the price of bitcoin fell recently, it has still managed to be one of the best performing financial assets of the year. The cryptocurrency has managed to have an amazing year in general, reaching all-time highs twice during the year. Over the year, the cryptocurrency first reached an all-time high during the Spring, when...

The post BTC Manages to Outperform Stocks and Gold for 3rd Year – What’s Next? appeared first on Live Bitcoin News.

  By FintechNews staff When China’s bitcoin crackdown came into effect, many speculated that the industry would never recover. Amazingly, though, the ban served to highlight both the resilience of the sector and the entrepreneurial spirit of the miners who keep the wheels of the blockchain turning. There are many reasons behind China’s bitcoin ban. […]

The post Why China´s ban played great for Bitcoin appeared first on Fintech News.

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. 

Through Ledger and FTX’s partnership, crypto traders no longer have to make the choice between convenience and security. (Paris, France) December 9, 2021 —   Ledger, the maker of the world’s most popular hardware wallet and gateway to Web3, today announced its partnership with FTX, a leading global cryptocurrency exchange. As a result of this partnership, […]

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