Tag: Blockchains

DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities

by Blockchain News


Bucharest, Romania, 12th December, 2022, Chainwire

After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years. Dypius has the suffix of the nebulae in the galaxy. Nebulas are the formations of gas, dust, and other materials that “clump” together to form denser regions in the universe. They attract further matter and eventually become dense enough to form stars, planets, and planetary system objects. Dypius is the place of creation of stars, planets, and life. This is Dypius, a place to create and shape the future!

DYP began as a DeFi protocol at the dawn of decentralized finance, offering earning opportunities on three different blockchains. However, it was clear from the start that it would be developing into much more than that. In fact, the team sought to build a decentralized ecosystem with multiple DeFi products and services.

Soon, DYP expanded to include 12 unique products bringing value to the crypto market and its users. These solutions include the advanced analytics DYP Tools offering real-time data, market insights, breaking news, and updates on the latest market trends to empower users to make better-informed decisions.

The newly-rebranded Dypius keeps the DYP Tools as one of the ecosystem’s most lucrative features. The same goes for the Dypius Launchpad, which supports new projects by helping them raise capital in a decentralized environment and get exposure to Dypius’ global community.

Additionally, the team is developing the Dypius Metaverse, a unique metaverse platform integrating the CAWS NFT collection. This engaging and convenient platform offers an immersive experience with exciting environments to explore, real-time user interaction, user customization, and much more. The platform will include a standalone application and a PCVR) play-to-earn (P2E) game allowing players to use their NFTs as companions in various adventures or to check their crypto portfolios.

Users can take advantage of the Dypius Metaverse to bring their real-life businesses into a virtual space. Moreover, users can access unique opportunities to earn rewards and in-game assets. This platform offers unlimited possibilities for regular users and businesses through sustainable growth and constant innovation.

The DYP founder Mihai Busica commented on the protocol’s rebranding to Dypius:

“From the beginning, I have always envisioned a project that users can benefit from in an accessible and secure environment. I am extremely proud of our expert team’s dedication and the project’s journey from a simple protocol to an advanced decentralized ecosystem. I urge our users to enjoy exploring our ecosystem and embrace each opportunity.”

About Dypius

Dypius, formerly DeFi Yield Protocol (DYP), is a rapidly developing DeFi ecosystem incorporating numerous versatile solutions, including yield farming, staking, NFTs, analytical tools, and Metaverse gaming. The project runs on unique smart contracts using the protocol’s proprietary anti-manipulation functionality.

The protocol’s token, DYP, is listed on top-tier exchanges, such as Coinbase, Huobi Global, KuCoin, Gate.io, MEXC Global, Bitrue, Poloniex, and others.

The upcoming metaverse-based P2E game allows players to socialize in the open virtual world through features like the Mall, an NFT Marketplace, a DYP Shop, and a Trade Station. Furthermore, the game will feature a balance section, enabling players to deposit DYP and iDYP tokens to their wallets, withdraw rewards, or transfer credits. 

For more information and to stay updated, visit: 

 Website | Twitter | Telegram | Discord

Contact

Daniel Garett
Dypius
business@dypius.com
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Chainlink (LINK) is Live on Arbitrum Rollup Testnet

by Btcmanager

Chainlink, the decentralized live price feed oracle token, is live on Arbitrum, beginning with Chainlink Price Feeds for DeFi developers.

The Latest Data Feed Ecosystem Development

The company is developing a new oracle network to support the demand for more accurate price data since DeFi’s Total locked value exceeds $35B.


For the uninitiated, Chainlink is a decentralized oracle network that allows public blockchains and smart contract platforms to bring external, off-chain data sources to on-chain operations with minimal trust in third parties. 

It is a noteworthy project tackling the oracle problem — the ongoing challenge of bridging real-world data such as market stats, event outcomes, and even the weather to the blockchain without relying wholly on centralized data providers. 


Smart contracts are one of the most creative uses of blockchain technology today. However, they face a significant issue – scalability. Also, Ethereum smart contracts are usually slow. Arbitrum is configured to scale up smart contracts on Ethereum. 

Better Performance

Arbitrum tech lowers operational costs providing more scaling with zero security risks. Developers don’t have to rewrite their applications before they can run on the Arbitrum chain.

Thus, its scalability solutions offer smart contracts with better performance, more computation, the ability to accommodate more users, etc. It merely entails moving the entire mechanism off-chain and giving them a much-needed speed boost. 

Chainlink is the most widely-used decentralized oracle network. It is an accepted standard in the blockchain space, with platforms like Fetch.ai and Blockstack merging with it. The decentralized oracle networks are presently securing billions of dollars in value for live apps across several different blockchains and now support a wide variety of use cases.

Accomplished Ecosystem

Chainlink isn’t a single oracle network but rather a complete ecosystem consisting of many decentralized oracle networks that run simultaneously or parallel. Chainlink’s development team explained that each oracle network could offer many types of oracle services without cross dependencies’ on other oracle networks.

Chainlink has made a recovery from the downswing in February. The drop from the all-time high of $37 managed to secure and embrace support at $20. A rebound came into the picture and has been persistent despite the resistance at $31. If LINK breaks above this crucial resistance, a massive breakout will likely occur above the record highs.


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Blockchain firm aims to build crypto city in Nevada desert

by Cointelegraph

Blockchain incubator and investment firm Blockchains LLC is stepping up its plans to build a smart city in the Nevada desert east of Reno.

In an interview with the Associated Press released Saturday, Blockchains CEO Jeffrey Berns said he had asked the state of Nevada to let him form a local government on the 67,000 acres the firm owns in Storey County. If his petition is successful, the blockchain firm would be allowed to operate as an “innovation zone,” where a company would be able to impose taxes and create courts — in addition to incorporating digital currency payments for goods and services and maintaining records on the blockchain.

Berns claimed the way the government is set up now isn’t ideal for creating a community based on blockchain, cryptocurrencies, and other innovative technology. He proposed the crypto city as a place “where people are willing to just start from scratch.”

Blockchains originally purchased the land for $170 million in Jan 2018. At the time, Berns said the proposed crypto city would feature the Blockchains campus, a content creation studio, an e-sports arena, and residential properties. Though the CEO said he hopes to build 15,000 homes in the crypto city within 75 years, residential development isn’t currently allowed on most of the company’s land, seemingly limiting the property to 3,500 homes.

Should Nevada lawmakers accept these innovation zones, three people could potentially “govern” private technology companies’ properties with more than 50,000 acres which also promise a $1 billion investment. This legislation could potentially affect the Tesla Gigafactory located in the same county given CEO Elon Musk’s apparent affinity for cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE). Amazon also has a fulfillment center in the area.

Berns said he wants Blockchains to break ground on the smart city by next year.