DeFi Yield Protocol (DYP), a leading yield farming <a href="https://www.dyp.finance/">technology</a>, collaborates with KyberDMM to increase DYP token liquidity on the Avalanche blockchain. As part of the agreement, $300,000 in DYP and KNC tokens were made available as liquidity mining incentives.
<h2>DeFi Yield Protocol or DYP Collaborates With KyberDMM</h2>
The collaboration between DYP and KyberDMM is a significant step forward for DYP as it continues to make inroads into the<a href="https://www.cryptoknowmics.com/news/yield-farming-ecosystem-dyp-launched-staking-pools-on-binance-smart-chain/"> DeFi ecosystem</a>. 

The two protocols have decided to launch combined liquidity mining campaigns to expand the quantity and liquidity of major token pools and to reward liquidity providers with attractive returns.

KyberDMM is a unique and capital-efficient DEX protocol that improves liquidity through amplified pools and maximizes profits for liquidity providers through dynamic fees. 

As a consequence, DYP investors may make the most use of their money on the KyberDMM DEX by gaining access to expanded liquidity pools and dynamic fees on a secure platform.

From October 5th at 23:00 EDT, liquidity providers can upload any amount of liquidity to the DYP-WAVAX pool on KyberDMM on Avalanche to unlock their part of the $300,000 in $DYP and $KNC liquidity mining prizes.

The liquidity mining reward scheme will last two months, with the first part beginning on October 5th and the second phase to be determined.
<h2>Deploy New Smart Contracts To Strengthen The Blockchain System</h2>
DYP has also announced that the much-anticipated debut of its new smart contracts is just around the corner. 

Security audit processes have commenced, according to the yield farming protocol, and smart contracts will be deployed after the exams are finished.

The smart contracts are anticipated to enhance DYP's existing offerings by providing new functionality.

The farming dApp, for example, has been updated with new functionality that automatically increases liquidity and deposits liquidity provider (LP) tokens using a single asset.

The governance contract for DYP is modified to allow LP holders to re-invest pending rewards. The staking feature is also enhanced to accommodate the blockchains, Ethereum, Binance Smart Chain, and Avalanche. 

The DYP smart contracts have been optimized to decrease transaction fees while increasing DYP's continual purchasing pressure.
<h2>A Quick-Expanding Ecosystem</h2>
With its innovative solutions for staking, yield farming, repurchase, and more, DeFi Yield Protocol (DYP) is at the forefront of development in the <a href="https://www.cryptoknowmics.com/news/the-era-of-definft-has-come-asia-nft-and-defi-conference-concludes-successfully/">DeFi industry</a>. In recent months, the initiative has formed substantial collaborations to boost DeFi adoption.

DeFi Yield Protocol Collaborates with KyberDMM to Increase DYP Token Liquidity on Avalanche

DeFi Yield Protocol (DYP), a leading yield farming technology, collaborates with KyberDMM to increase DYP token liquidity on the Avalanche blockchain.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

DeFi Yield Protocol Collaborates with KyberDMM to Increase DYP Token Liquidity on Avalanche

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