DeFi yield protocol anticipates Metaverse platform launch with listings on Coinbase, Huobi and MEXC

DeFi yield protocol anticipates Metaverse platform launch with listings on Coinbase, Huobi and MEXC

[PRESS RELEASE – Bucharest, Romania, 17th August 2022]

DeFi Yield Protocol (DYP) announced listings on several leading industry exchanges, including Coinbase, Huobi Global, and MEXC. This is just one of many developments in the project’s fast-paced evolution, including its upcoming Metaverse platform, where users will be able to interact with NFTs from the Cats and Watches Society (CAWS). Also, DYP took center stage at Deep Forest Fest. During this prestigious music festival, DYPians had the great opportunity to meet the team.

The DeFi Performance Protocol (DYP) is improving the list of reputable crypto exchanges that list their DYP token. On June 21, Coinbase revealed its DYP listing, while trading began the following day. Later, on July 19, MEXC Announced your DYP listing. Lastly, on July 27, it was Huobi who added DYP to his platform.

DYP supporters, also known as DYPians, can buy DYP tokens on these major exchanges, but also on smaller platforms including KuCoin, Gate, Poloniex, Bitrue, ZT, Hoo, CoinDCX, and Onus Finance.

Generally, when an asset gets listed on new exchanges, its price fluctuates considerably. However, DYP did not experience any noticeable change with its recent listings. However, its value increased on June 7 from $0.06 to over $0.20. Furthermore, it has continued to trade above that level for almost two months.

Almost a week after the price increase, DYP published a blog post explaining its Metaverse project and play-to-earn (P2E) virtual reality (VR) game. Here, players can adventure with their CAWS NFTs, increase their levels, or use their DYP/iDYP tokens for gaming-related purposes.

CAWS is an NFT collection of cat wearing watches that come with the ability to stake your NFT. Each asset has over 200 unique attributes, including watch preferences and personalities. At the moment, CAWS owners can use their NFT to play a 2D game to earn money with handsome rewards for their champions. Players must own at least one CAWS NFT to participate in DYP’s latest GameFi adventure platform. In the near future, the utility of this collection of NFTs will expand to the Metaverse platform and CAWS will be a companion for players who have at least one cat on their VR adventure.

In addition, DYP is increasing its brand awareness by expanding its actions in the real world. For example, the project sponsored two racing teams for two different events: Racebox and Mojo Yachting Club to be more precise.

Daniel Garrett, marketing and communications manager for DeFi Yield Protocol, stated in an AMA on Monday that the DYP project is unique due to its wide range of products, including its NFT collection and Metaverse game.

Additionally, he explained the project’s plans to onboard more users and achieve mainstream adoption by using its Metaverse-related products and launching its IOS and Android apps.

“Overall, as you hear more about the DeFi Yield Protocol, as you get more familiar with what we’re doing, I think users will come,” he said. “We’re focused right now, and this is a great opportunity to be involved in something downstairs.”

Another significant development was DYP’s sponsorship of the Deep Forest Fest. The prestigious event boosted brand awareness of the project and allowed the team to meet some fellow DYPians. In addition, it was aligned with the project’s philosophy: “Together we can create unforgettable moments. This is what life is about.”

About DYP

The DeFi Yield Protocol (DYP) seeks to build a decentralized ecosystem incorporating numerous DeFi products and services, including yield farming, staking, NFTs, and Metaverse gaming. The project runs on unique smart contracts that use DYP’s proprietary anti-tampering functionality.


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