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DeFi Yield Protocol

DYP

4.5

Price
$0.17
10/5/2022, 3:01:57 PM
diamondHands

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Market

Market stats

Market cap

$3.6M

Volume (24h)

$419,225.38

Circulating supply

23.6M DYP

Typical hold time

3 days

Popularity

#213

All time high

$5.20

Price change (1h)

+1.52%

Price change (24h)

+8.33%

Price change (7d)

+4.31%

Trading activity

62% Buy0% Buy
38% Sell100% Sell

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DeFi Yield Protocol is on the rise this week.

The price of DeFi Yield Protocol has risen by 4.31% in the past 7 days. The price increased by 8.33% in the last 24 hours. In just the past hour, the price grew by 1.52%. The current price is $0.168405 per DYP. DeFi Yield Protocol is 96.76% below the all time high of $5.20.

The current circulating supply is 23,631,124.118 DYP.

About

DYP is an Ethereum token that powers the DeFi Yield Protocol, a platform that offers solutions for yield farming, staking, NFTs, and enables users to leverage trading tools. The protocol employs an anti-manipulation feature to limit the market impact on users converting rewards into ETH and other native platform tokens.

Resources

What Is Defi Yield Protocol (DYP)?

Defi Yield Protocol (DYP) describes itself as a unique platform that enables users to leverage the advanced trading tools of the DYP. It’s a protocol in the Defi space that aims to reward users in Ethereum. The platform's primary goal is to employ anti-manipulation features to curb the influence of large whale users. (Whales are individuals or organizations with significant holdings of cryptocurrency in their wallets.) DYP prioritizes decentralization and data privacy to protect the Defi community users.

In addition, the DYP platform aims to offer extra tools to leverage beneficial crypto-assets transactions and convert rewards into ETH and other native tokens. DYP also plans to restrict the impact of rewards to ETH conversions on those using the anti-manipulation attribute. This functionality helps to ensure that all pool awards are automatically converted from DYP to ETH. The system also distributes the rewards to the users automatically.

The platform aims to offer unique features like yield-farming,  staking, NFTs, and more. Defi Yield Protocol aims to use DYP tokens to develop shared community ownership of the yield-farming network. DYP runs on the Ethereumblockchain and works as a yield farming aggregator. A yield farming aggregator automates the staking process and collects rewards from decentralized services on behalf of token holders.

DYP token is also utilized as a governance token and gives voting privileges in the Defi Yield Protocol. The platform seeks to allow the DYP token holders to vote for additional functions on the network such as DYP rewards, partnerships, burning tokens, etc. Token burning is the process of removing native coins from circulation to enhance their value in the market. The platform plans to allocate 75.29% DYP to community members and 12 million as pool rewards. An 8.03% goes to the team members and employees. As stated on the website, the platform has burned a total of 5 million tokens so far. DYP aspires to create a network with special tools to ensure safe transactions and liquidity access, as well as deliver a secure Defi platform.

History of Defi Yield Protocol (DYP)

The launch of the platform took place in the year 2021. According to the website, a group of developers with experience in Ethereum mining was responsible for creating the Defi Yield Protocol. DYP minting numbers stand at 30 million.

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Social

DeFi Yield Protocol on social media.

DeFi Yield Protocol was mentioned in 50 out of 1,631,494 social media posts on Twitter and Reddit on Oct 04, 2022. 42 unique individuals are talking about DeFi Yield Protocol and it is ranked #676 in most mentions and activity from collected posts.

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Key indicators

Contributors

42 people

Posts

50 posts

Dominance

0%

Volume rank

#676

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FAQ

What is the current price of DeFi Yield Protocol?

The price of 1 DeFi Yield Protocol currently costs $0.17.

What is the market cap of DeFi Yield Protocol?

The current market cap of DeFi Yield Protocol is $3.58M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of DeFi Yield Protocol?

The all-time high of DeFi Yield Protocol is $5.20. This all-time high is highest price paid for DeFi Yield Protocol since it was launched.

What is the 24 hour trading volume of DeFi Yield Protocol?

Over the last 24 hours, the trading volume of DeFi Yield Protocol is $419.23K.

What other assets are similar to DeFi Yield Protocol?

Assets that have a similar market cap to DeFi Yield Protocol include Govi, DigitalBits, Covesting, and many others. To see a full list, see our comparable market cap assets.

How many DeFi Yield Protocol are there?

The current circulating supply of DeFi Yield Protocol is 24 million.

What is the typical holding time of DeFi Yield Protocol?

The median time that Coinbase customers hold DeFi Yield Protocol before selling it or sending it to another account or address is 3 days.

What is the relative popularity of DeFi Yield Protocol?

DeFi Yield Protocol ranks 205 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of DeFi Yield Protocol?

Currently, 62% of Coinbase users are buying DeFi Yield Protocol. In other words, 62% of Coinbase customers have increased their net position in DeFi Yield Protocol over the past 24 hours through trading.

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