DeFi Yield Protocol (DYP) Follows Up its Chainlink Price Feeds Integration with Expansion to…

DeFi Yield Protocol (DYP), a top yield farming protocol that allows users to provide liquidity and earn lucrative returns, has reached yet another landmark moment. On June 23, 2021, the project announced its expansion to Avalanche, an open-source platform for launching highly decentralized apps.The DeFi protocol’s move to build a platform on Avalanche will enable users to leverage DYP’s advanced trading tools. DYP users will also benefit as they will continue earning yield on their crypto assets while taking advantage of Avalanche’s high throughput (4,500+ TPS), low fees, and sub-second finality.Mihai Nicusor, CEO of DYP, explained that the expansion gives the avalanche community enhanced functionality while strengthening the entire DeFi ecosystem. He reckoned that building a decentralized platform on Avalanche also enhanced security and transparency to DYP.What New Products Does DYP’s Expansion Introduce?DYP’s expansion to Avalanche, scheduled for completion in July 2021, will launch with yield farming, NFT dApp, and DYP Tools. These three products are designed to enrich DYP’s diverse suite of features.The DYP yield farming product will launch with a DYP/AVAX pair on Pangolin, offering Avalanche liquidity providers the opportunity to contribute to AMM pools and earn yield in DYP tokens.The unique platform will facilitate users to earn daily rewards in PNG, AVAX, or wrapped ETH by staking their tokens for durations of 3, 30, 60, and 90 days. Users who stake for longer durations will receive higher rewards.The DYP Tools product, scheduled to launch on Avalanche in Q3 2021, will offer users a functionality akin to DEX Tools. It will provide advanced features that make it easier to track yield data, whale transactions, tokens, and more, allowing investors to make informed decisions that maximize yields.The DYP NFT dApp will provide a dynamic marketplace for NFTs on Avalanche. It will enable artists to mint, trade, showcase, and sell…