Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

DeFi Yield Protocol Partners With KyberDMM to Boost DYP Token Liquidity on Avalanche

Leading yield farming platform DeFi Yield Protocol (DYP) has collaborated with KyberDMM to boost DYP token liquidity on Avalanche blockchain. As part of the partnership, $300,000 worth of DYP and KNC tokens have been made available as liquidity mining rewards.

A major milestone for DYP

The collaboration between DYP and KyberDMM represents a major milestone for the DYP as it continues to make inroads within the DeFi ecosystem. The two protocols have agreed to run joint liquidity mining campaigns to increase the number and liquidity of key token pools and incentivize liquidity providers with attractive yields.

KyberDMM is an innovative and capital-efficient DEX protocol that enhances liquidity with amplified pools and optimizes returns for liquidity providers with dynamic fees. As a result, DYP holders can maximize the use of their capital on KyberDMM DEX and access amplified liquidity pools and dynamic fees within a secure platform.

Liquidity providers can add any amount of liquidity to the DYP-WAVAX pool on KyberDMM on Avalanche to unlock their share of the $300,000 in $DYP and $KNC liquidity mining rewards from October 5th at 23:00 EDT.

The liquidity mining reward program will take 2 months, with the first phase starting from October 5th, while the second phase is yet to be decided.

DYP set to launch new smart contracts to improve blockchain protocol

DYP has also revealed that the highly anticipated launch of its new smart contracts is imminent. According to the yield farming protocol, security audit processes have begun, and the smart contracts will be launched once the audits are completed.

The smart contracts are expected to improve on the existing products offered by DYP by introducing new features.

For example, the farming dApp has been revamped with a new feature that automatically adds liquidity & deposits liquidity provider (LP) tokens using a single asset.

DYP holders are only required to approve and deposit LPs with the smart contracts processing the remaining aspects of the transactions. The upgrade will also include the option for LP to re-invest pending rewards.

The staking feature has also been expanded to include Ethereum, Binance Smart Chain, and Avalanche blockchains. In addition, the DYP smart contracts have been optimized to reduce transaction fees and increase constant buying pressure on DYP for each deposit.

The buyback mechanism has also been tweaked and includes the option to re-invest pending rewards, optimized contracts to reduce gas fees, and more. DYP has also added new functions in the governance contract to change farm, stake, and buyback variables based on community votes.

The new contracts are set to be released initially on Binance Smart Chain before rolling out to Ethereum and Avalanche blockchains.

A fast-growing ecosystem

DeFi Yield Protocol (DYP) continues to be at the forefront of development in the DeFi space with its unique solutions for staking, yield farming, buyback, and more. The project seeks to promote DeFi adoption and has made significant partnerships in recent months.

For more information on DYP and any other products or features, check the resources below:

Website| Announcements | Discord | Twitter | Telegram | GitHub| Youtube

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Listen to the latest Bitcoin.com Podcast:

Labels:

Comments

Post a Comment

Popular posts from this blog

Earn up to 50% APY by Staking $GLQ on GraphLinq App

PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake. What Is GraphLinq? GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task. The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding. GraphLinq ecosystem currently consists of an engine, an integrated development environment ( IDE ) & an app to provide automated...
Post a Comment
Read more

Coinsquare launches Quick Trade mobile app with instant funding

One of Canada's largest crypto exchanges has launched a new mobile application designed to streamline the buying and selling of Bitcoin and Ethereum. Coinsquare , the Toronto-based digital currency platform, has announced a new mobile trading application designed to simplify the buying and selling of cryptocurrencies in Canada.  Quick Trade was officially unveiled Monday, allowing commission-free transactions of Bitcoin ( BTC ), Ethereum ( ETH ), Litecoin ( LTC ) and Bitcoin Cash ( BTC ). A total of 15 trading pairs are available at launch, with “many more digital assets to be onboarded over the coming months,” the company said. The app is available on Android and Apple devices alongside Coinsquare’s existing mobile application, which is an extension of its web-based trading platform. In addition to commission-free trades, the new app allows for instant account funding via Interac e-Transfer – a considerable upgrade from Coinsquare’s current funding window, which can take up t...
Post a Comment
Read more

Blockchain identity market to grow $3.58B by 2025, report claims

A new forecast for the global blockchain identity management market expects growth at a compound annual growth rate of almost 71% during 2021-25. A new report on the potential for blockchain identity management solutions to become integrated across sectors has forecast strong growth for its global market, at a compound annual rate of close to 71%. The report grounds its predictions on a study broken down into segments: by sector – e.g., government, healthcare, banking, financial services and insurance (BFSI) – geography, and applications. It was published by the Lyon-headquartered market research solution provider ReportLinker.  Drawing on an analysis of several existing blockchain identity management market vendors – Accenture, Amazon, Bitfury Group, Civic Technologies, and others – the report expects the total global market to grow by $3.58 billion between 2021 and 2025. Related:  The future of DeFi is spread across multiple blockchains The study’s baseline assumption...
Post a Comment
Read more