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DeFi Yield Protocol (DYP) Anticipates Metaverse Platform Launch with Listings on Coinbase, Huobi, and MEXC

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Defi Yield Protocol (Dyp) Anticipates Metaverse Platform Launch With Listings On Coinbase, Huobi, And Mexc
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Bucharest, Romania, 17th August, 2022, Chainwire

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

The DeFi Yield Protocol (DYP) is enhancing the list of reputable crypto exchanges listing its DYP token. On June 21, Coinbase disclosed its listing of DYP, while trading started the next day. Later, on July 19, MEXC announced its listing of DYP. Lastly, on July 27, it was Huobi that added DYP to its platform.

DYP supporters, a.k.a. DYPians, can purchase DYP tokens at these major exchanges but also on smaller platforms, including KuCoin, Gate, Poloniex, Bitrue, ZT, Hoo, CoinDCX, and Onus Finance.

Usually, when an asset obtains listings on new exchanges, its price goes through considerable fluctuations. However, DYP did not experience any notable changes with its recent listings. However, its value surged on June 7 from $0.06 to over $0.20. Furthermore, it has continued to trade above that level for almost two months.

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

CAWS is an NFT collection of cats-wearing watches that come with the possibility of staking your NFT. Each asset possesses more than 200 unique attributes, including watch preferences and personalities. For the moment, CAWS owners can use their NFT to play a 2D play-to-earn game with attractive rewards for its 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 NFT collection will expand to the Metaverse platform and CAWS will be a companion for the players that own at least one cat in their V.R. adventure. 

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

Daniel Garrett, Marketing and Communications Manager at DeFi Yield Protocol, stated in an AMA on Monday that DYP’s project is unique due to its wide range of products, including its NFT collection and Metaverse game.

Also, he elaborated on the project’s plans to onboard more users and reach mainstream adoption by using its Metaverse-related products and launching its IOS and Android apps.

“In general, as you hear more about DeFi Yield Protocol, as you get more familiar with what we’re doing, I think the users are gonna come,” he said. “We’re focused right now, and this is a great opportunity to get in on something on the ground floor.”

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

About DYP

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 using DYP’s proprietary anti-manipulation functionality.

To learn more about DYP Protocol and its progress, visit:

DYP Website| Twitter | Telegram | Discord| Medium

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Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

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Members of the crypto community have cast their ballots, so to speak, and now we’ll find out whether or not their forecast was accurate.

The consensus of the cryptocurrency market predicts a 20% increase in MATIC prices before the month ends, as reported by CoinMarketCap’s price prediction metrics.

This fairly optimistic forecast from the community suggests a high level of faith in both the token and the ecosystem.

Good news has recently hit the Polygon community thanks to a tweet from the official Polygon Twitter account announcing a new collaboration with the trading platform Robinhood.

Will Robinhood Team-Up Bring Good Results?

The tweet suggests that Robinhood has teamed up with Polygon to offer a bitcoin wallet service. FThe Robinhood Wallet app is built with DeFi in mind.

According to Polygon’s blog post, the Robinhood Wallet is a self-custody wallet, meaning that its owner has complete discretion over their cryptocurrency holdings.

Robinhood has made other forays into the cryptocurrency market, so this isn’t their first venture.

From its inception in 2018, it has been actively involved in the crypto industry, with Bitcoin and Ethereum being the first coins to be freely traded on the platform at no cost to traders. The change began in a select number of states.

By 2021, the trade of crypto assets has expanded across the whole United States, with the exception of Hawaii and Nevada.

The trading platform supports 11 cryptocurrencies, including Bitcoin and Ethereum. It also facilitates the trading of alternative cryptocurrencies, similar to Polygon’s MATIC token.

With over 37,000 decentralized applications available on Polygon’s platform, it will undoubtedly aid Robinhood’s most ambitious cryptocurrency endeavor. But how did investors and traders of Polygon respond to the news?

Rally In The Offing For Crypto?

As of this writing, MATIC is trading at $$0.778741, down 0.1 percent in the last seven days, data from Coingecko show, Saturday.

Currently, the token trades between the 50 Fib level ($0.6876) and the 61.80 Fib level ($0.7761).

The present support line lies at $0.7252, which is essential because this will be the support line the bulls can rely on if things go south.

If the price reaches the 61.80 Fib level again, we can expect a slight correction if there is sufficient buy demand.

Investor confidence is high as Polygon presses forward with its Robinhood relationship, given the community projection of a near 20% price increase.

MATIC total market cap at $6.8 billion on the daily chart | Source: TradingView.com

Featured image from VOI, Chart: TradingView.com

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Solana Outage Becoming a Recurring Event Worrying Investors

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Solana Achieves 100 Billion Transactions Milestone
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