How do you use DYP finance?

What is DeFi yield? DeFi Yield lets eligible Coinbase customers earn yield by lending their crypto to third-party DeFi protocols . Currently, you can earn yield on your Dai holdings. When you opt in to earn DeFi yield, your Dai is deposited into Compound Finance which is an industry-leading DeFi protocol.

The Yield Protocol is a design for a DeFi platform supporting fixed-rate lending/borrowing as well as interest rate speculation , using “yTokens.” Allan. @niemerg. · May 7, 2020. I’m excited to announce Yield, a company bringing fixed-term, fixed-rate lending and interest-rate markets to decentralized finance.

To start making a profit, all you need to do is deposit one of the supported asset classes above into a Buy-Back contract . All assets will then be automatically converted into DYP by DeFi Yield Protocol and deposited into a staking contract. Your rewards will be automatically distributed every day.