Bucharest, Romania, May 10, 2022 (GLOBE NEWSWIRE) — Those who own CAWS NFTs can now stake their NFTs and earn 50% APR in ETH rewards. Additionally, those who do not own a Cat NFT can still mint an NFT and start making money.
This news has been a highly anticipated event by the CAWS community and beyond since the NFT collection went live in April. Most importantly, it demonstrates the collection’s considerable potential and places DYP at the forefront of the industry. With unique performance characteristics, DYP’s CAWS could be the next blue-chip NFTs with disruptive impact on the market.
How to Earn with CAWS NFT Staking
The Cats and Watches Society (CAWS) is a collection of unique, randomly generated Cat NFTs from the DeFi Yield Protocol (DYP). The NFTs aggregate more than 235 different attributes and “live” on the Ethereum blockchain as ERC-721 tokens while the Interplanetary File System (IPFS) hosts them.
Each Cat NFT is a unique character that has a unique personality, outfit, and expression, among other traits. Unlike most NFT projects, CAWS is characterized by applicability, long-term sustainability, and highly profitable perks for those who choose to sponsor one or more Cat NFTs.
For example, each new cat owner will receive 10% of minting fees and can join the DYP NFT staking pool to earn ETH rewards of 50% APR. Multiple cat owners get a higher share of the staking pool, which means they could increase their winnings. This makes CAWS one of the most hands-on NFT collections to back up by collectors, experienced traders, or even newbies.
Those who missed the official CAWS NFT release in April can still join the staking pool by minting an NFT. This way they get a real chance to get some of the ETH rewards. And to make its collection even more appetizing, DYP allows users to mint new Cat NFTs for as little as 0.08 ETH. This low price makes joining accessible to most users and prevents whales from taking control of the collection. Finally, DYP does not apply price tiers or difficult minting conditions to make cat adoption equally affordable for everyone.
DYP is now preparing to launch its 2D platform where CAWS holders can earn various prizes based on their leaderboard score. The protocol also distributed 10 ETH when mining the 2,500. CAWS NFT. Currently, the team is close to mining 5,000 NFTs, a milestone that will surely bring new surprises to holders.
About the DeFi Yield Protocol (DYP)
The DeFi Yield Protocol (DYP) is one of the most experienced and innovative projects in the DeFi space. Its goal is to encourage DeFi adoption while providing optimal solutions for yield farming, staking, NFTs, and other DeFi tools.
According to this Etherscan report, the DYP founder and his team have bought 3.6 million DYP tokens in the last 90 days. The amount equaled $450,000 at the time of transfer and ended up locked away in the Protocol’s treasury. This purchase gives the community confidence that DYP is a reliable, long-term project.
After all, DYP has paid over $38 million in bounty to users so far and regularly releases several functional products.
For more information on DYP and the Cats and Watches Society (CAWS) NFT Collection, please follow the links below:
DYP NFTs | DYP website |Twitter| Telegram | discord|
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