Bucharest, Romania, April 11 — DeFi Yield Protocol (DYP) has announced the imminent launch of its “Cats and Watches Society” (CAWS) nonfungible token (NFT) collection, arriving on April 13, 2022. This hotly anticipated event comes with luxurious prizes and promising new features, propelling DYP into the industry’s spotlight. Considering its unique utility traits, the team hopes DYP’s CAWS might be the next Bored Ape Yacht Club in terms of market impact.
What are the CAWS NFTs?
CAWS is a collection of unique, randomly-generated cat NFTs with more than 235 different attributes. These icons are on the Ethereum blockchain as ERC-721 protocol tokens, and the InterPlanetary File System hosts them.
This exciting NFT collection comes from DYP, one of the most experienced and innovative projects in decentralized finance (DeFi). The project seeks to promote DeFi adoption and has made significant partnerships with big names such as Chainlink, Avalanche, Kyber Network, Crypto.com, Coin98 and others.
DYP is a platform offering solutions for yield farming, staking, NFTs and other DeFi tools. So far, the team has paid more than $38 million in rewards to users and consistently rolled out several functional products. Now, it is ready to launch CAWS, a high-utility NFT series with multiple perks for its members. The collection will stand out from most NFT projects, which generally lack applicability and long-term sustainability.
Every cat in the CAWS collection has its own personality, outfit, expression and other unique traits. Most importantly, each has its own watch preferences, making some of them stand out more than others. Users can discover their quirky features and intriguing stories before fostering one or more.
These super rare cats will be available for adoption starting on April 13. Every adopter will get a funky cat wearing a luxury watch, which provides access to the members-only Society Benefits Zone. New cat owners also receive 10% of the minting fees. Moreover, they get a chance to earn Ether (ETH) rewards by joining the CAWS staking pool.
Undoubtedly, the biggest, most appealing prize of the CAWS release is five brand-new Rolex watches worth nearly $150,000. More details on how to be eligible for this mouth-watering prize are available during the whitelist process.
CAWS distribution and society benefits
Another aspect that differentiates CAWS from other NFT projects is its anti-whale goal. The team believes that whales shouldn’t be the only users able to mint NFTs. In fact, minting a Cat costs only 0.08 ETH, which should be accessible for most users. Furthermore, the project does not impose price tiers or complex minting conditions. This way, everyone looking to adopt a cat NFT pays the same price.
Getting 10% of minting fees and access to the CAWS staking pool are not the only enriching means for CAWS adopters. Those who mint and own more cats get a higher share in the staking pool, substantially increasing their ETH rewards.
After minting, every CAWS holder can mint an additional standalone NFT watch for free, which will provide other future benefits.
Upcoming P2E Game
DeFi Yield Protocol is also building its own metaverse with an exciting play-to-earn (P2E) game still in development. During the game, players will have their NFT cats as companions, which they can customize by purchasing items and animations. Above all, the cats will interact with their owners in various ways, especially through sounds and animations.
The game will challenge players with an adventurous quest to dig for treasures and complete daily, weekly and monthly quests. Users will be able to earn coins for their achievements, which they can later trade for various tools.
The game will require players to use two tokens, DeFi Yield Protocol (DYP) and iDYP. For instance, they will use iDYP to boost the energy levels of their characters and cats. Then, they can use DYP tokens for purchasing in-game items. Rewards for various accomplishments will come in DYP, ETH, Bitcoin (BTC), BNB, Avalanche (APAX) and ApeCoin (APE).
One of the game’s strongest points will be the social interaction between players. For instance, users will be able to invite each other to participate in a task and work together to progress. This way, the game will act as a social platform with P2E benefits, where players can meet, chat and collaborate. Currently, the game is still in development. However, it’s already showing signs of becoming one of the most exciting P2E games in the metaverse. This could transform CAWS into the next Bored Ape Yacht Club, with a similar effect on the market.
Join the CAWS whitelist and be ready to adopt a funky cat on April 13.
For more information, follow the links below:
- DYP Finance