Leading yield farming platform DeFi Yield Protocol has launched its highly anticipated DYP Earn Vault. The Vault is an automated yield farming contract fully integrated with Compound Protocol and supports five markets, including ETH, WBTC, USDC, USDT, and DAI.
Earn Rewards on DYP Earn Vaults
Users can provide an asset to the DYP Earn Vault and begin earning impressive yields on their assets. One of the unique features of the Vault is the integration with Compound protocol. When users deposit funds into the Vault, the funds are forwarded to Compound protocol in exchange for respective cTokens held within the smart contract. Interests generated from Compound is then distributed to investors.
DYP Earn Vault offers investors different lockup durations for each of the supported markets. Users can lock their tokens for 3,30,60 and 90 days, with the average interest increasing with the length of the lock period.
Apart from interest…