Defi Yield Protocol Is a Massive Boost for Yield Farmers and the Defi Space

 

Since February 2020, we have seen a steady growth of the blockchain space and, most significantly, decentralized finance. While DeFi isn’t entirely new, the network’s growth has been more aggressive this year than it has ever been. The distribution of COMP governance token and the introduction of yield farming protocols around June this year has made DeFi the most engaging conversation in the blockchain space, no doubt.

DeFi Yield Protocol (DYP)

Decentralized finance has only grown this much because of the control and ease it offers users. By allowing users to utilize traditional banking and financing services like lending, borrowing, and saving, an overwhelming sense of trust has been birthed over the past few months. Even more captivating is that many users now earn more than 100% of their capital, mostly by offering liquidity through yield farming protocols.

Over the past couple of months, we have also seen a contrast between different DeFi protocols and what might set a precedent for the DeFi ecosystem’s longevity as a whole. The DeFi yield protocol (DYP) is a unique protocol that allows virtually any user to provide liquidity, earn DYP tokens as yield while maintaining the token price. Unlike some DeFi user interface, the DYP interface is quite simplified, accommodating new and expert yield farmers.