[PRESS RELEASE – Bucharest, Romania, 17th August 2022]
DeFi Yield Protocol (DYP) has announced listings on several leading exchanges, including Coinbase, Huobi Global and MEXC. This is just one of many developments in the rapid evolution of the project, including the upcoming Metaverse platform, where users can interact with Cats and Watches Society (CAWS) NFTs. In addition, DYP took center stage at Deep Forest Fest. During this prestigious music festival, DYPians had the great opportunity to meet the team.
The DeFi Yield Protocol (DYP) improves on the list of reputable crypto exchanges listing its DYP token. On June 21, Coinbase announced the listing of DYP, while trading began the following day. Later, on July 19, MEXC announced the mention of DYP. Finally, on July 27, it was Huobi who added DYP to its platform.
DYP supporters, also known as DYPians, can purchase DYP tokens from these major exchanges, as well as smaller platforms, including KuCoin, Gate, Poloniex, Bitrue, ZT, Hoo, CoinDCX, and Onus Finance.
When an asset gets listings on new exchanges, its price usually goes through significant swings. However, DYP experienced no significant changes with its recent listings. However, the value rose from $0.06 to more than $0.20 on June 7. In addition, it has been trading above that level for almost two months.
Almost a week after the price hike, DYP published a blog post explaining the Metaverse project and the virtual reality (VR) play-to-earn (P2E) game. In it, players can venture with their CAWS NFTs, level up, or use their DYP/iDYP tokens for game-related purposes.
CAWS is an NFT collection of cat-wearing watches with the ability to turn off your NFT. Each item has over 200 unique characteristics, including watch preferences and personalities. Currently, CAWS owners can use their NFT to play a 2D play-to-earn game with attractive rewards for the champions. Players must own at least one CAWS NFT to participate in DYP’s latest GameFi adventure platform. In the near future, the usefulness of this NFT collection will be extended to the Metaverse platform and CAWS will be a companion for the players who have at least one cat in 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 the Mojo Yachting Club to be precise.
Daniel Garrett, marketing and communications manager at DeFi Yield Protocol, stated in an AMA Monday that DYP’s project is unique for its wide range of products, including the NFT collection and Metaverse game.
He also discussed the project’s plans to get more users on board and achieve mainstream adoption by using the Metaverse-related products and launching the IOS and Android apps.
“Overall, I think the users will come as you hear more about DeFi Yield Protocol, as you become more familiar with what we do.” We’re focused now and this is a great opportunity to do something on the ground floor. “
Another important development was the sponsorship of the Deep Forest Fest by DYP. The prestigious event raised the profile of the project and allowed the team to meet some fellow DYPians. It was also in line with the philosophy of the project: “Together we can create unforgettable moments. This is what life is all about.”
DeFi Yield Protocol (DYP) aims to build a decentralized ecosystem with 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-tampering functionality.
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