The DYP airdrop from the original DeFi Yield Protocol isn’t just history-it’s a case study in how to bootstrap a DeFi project without ads, influencers, or VC money. Back in 2021 and early 2022, before the rebrand to Dypius, the team behind DYP didn’t run a traditional token sale. Instead, they built a mining pool that paid users in ETH… and then gave them 10% of that ETH back in DYP tokens every month. No sign-up fees. No KYC. No promises. Just code, rewards, and real participation.
How the DYP Mining Pool Airdrop Actually Worked
Here’s how it worked in practice: if you joined the DYP ETH mining pool, you’d start earning ETH from the pool’s hash power. Every month, the protocol would automatically send you an extra 10% of your ETH earnings as DYP tokens. So if you made 1 ETH in a month, you got 0.1 DYP on top. That’s it. No complicated steps. No locked wallets. No waiting for a snapshot. The reward was automatic, continuous, and tied to your actual mining activity.
This wasn’t a one-time giveaway. It was a recurring incentive designed to keep miners engaged. The team wanted 200,000 active miners-and they got close. By mid-2022, over 150,000 users were participating, making it one of the largest DeFi mining-based airdrops ever. Unlike other airdrops that handed out tokens to random wallet addresses, this one rewarded people who were already contributing real value to the network: computing power, liquidity, and long-term commitment.
Why This Airdrop Was Different
Most airdrops are giveaways. This one was a partnership. You didn’t just receive tokens-you became part of the system. The DYP token wasn’t just a speculative asset. It gave you access to three core features:
- DYP Earn Vault: Your DYP tokens could be locked into an automated yield farm that moved your funds between the highest-yielding DeFi protocols on Ethereum, BSC, and Avalanche. It did the work for you.
- DYP Tools: Real-time analytics dashboards showing DeFi yield rates, gas trends, and upcoming token launches. This was rare back then-most projects didn’t offer free data tools.
- Governance Rights: Holding DYP let you vote on protocol upgrades, fee structures, and new product launches. You weren’t just a holder-you had a say.
The team didn’t just drop tokens into wallets. They built a feedback loop: miners earned ETH → got DYP → used DYP to earn more yield → voted on improvements → attracted more miners. It was a self-sustaining engine.
Multi-Chain Support Made It Accessible
The original DYP protocol didn’t lock users into Ethereum. Even though the mining pool ran on ETH, the DYP token was deployed on Ethereum, Binance Smart Chain, and Avalanche. That meant if you were a BSC user, you could still claim your DYP rewards without paying high ETH gas fees. You could swap your DYP to BSC, stake it there, or use it in PancakeSwap farms-all without leaving the ecosystem.
This multi-chain approach was intentional. The team knew that not everyone could afford Ethereum’s fees in 2021. By supporting BSC and Avalanche, they opened the airdrop to users in Southeast Asia, Latin America, and other regions where ETH was too expensive to use daily.
Security Wasn’t an Afterthought
One reason this airdrop gained trust was that every smart contract was audited-multiple times. Blockchain Consilium, CertiK, and PeckShield all reviewed the mining pool, Earn Vault, and governance contracts. CertiK even ran a 24/7 Security Oracle that monitored the contracts in real time. If a vulnerability popped up, they’d pause the system before users lost funds.
That level of security was unusual for a DeFi project that wasn’t backed by millions in VC funding. Most airdrops back then were built in weeks and deployed without audits. DYP took months. They didn’t rush. And users noticed.
Anti-Manipulation Measures Kept It Fair
Every airdrop gets gamed. People create hundreds of wallets. Use bots. Farm rewards. DYP had systems to stop that.
- Only one reward per IP address per day.
- Miners had to maintain a minimum 30-day mining streak to qualify for the full 10% bonus.
- Wallets with suspicious transaction patterns were flagged and reviewed manually.
They didn’t just rely on code. They had a small team monitoring for abuse. And they didn’t punish users-they warned them. If your wallet looked like a bot, you’d get an email explaining how to fix it. Most people adjusted. Only a small fraction got banned.
What Happened After the Rebrand to Dypius?
On December 12, 2022, the team announced the rebrand from DeFi Yield Protocol to Dypius. The name came from astronomy-symbolizing how nebulae gather matter to form stars. It wasn’t just a name change. It was a shift in vision.
The DYP token didn’t disappear. It became the backbone of a bigger ecosystem:
- CAWS NFTs: Stake your NFTs to earn DYP.
- World of Dypians: A metaverse where DYP holders get access to events and virtual land.
- DYP Locker: Lock DYP for longer-term rewards with higher APY.
- DYP Launchpad: Early access to new token sales for DYP holders.
The old airdrop participants? They didn’t lose anything. Their DYP tokens carried over. Their governance rights stayed intact. And many still use the new tools today.
Why This Matters Today
Most airdrops today are noise. You sign up, get 5 bucks worth of tokens, sell them, and move on. The DYP airdrop was different because it tied token ownership to real participation. You didn’t just get tokens-you got tools, income, and influence.
It’s a reminder that the best DeFi projects don’t buy attention. They earn it. They reward action, not speculation. And they build systems that last.
If you’re looking for a model of how to run a fair, secure, and sustainable token distribution, the original DYP airdrop still stands as one of the clearest examples.
Can You Still Claim DYP from the Old Airdrop?
No. The original mining pool airdrop ended in late 2022 when the platform transitioned to Dypius. The 5 million DYP tokens allocated for the mining pool were fully distributed by then. No new claims are possible.
But if you held DYP during that period, your tokens still exist. You can check your balance on any blockchain explorer by searching your wallet address on Ethereum, BSC, or Avalanche. The DYP token contract addresses are still live, and the token is still used across Dypius’s current products.
What’s the DYP Token Worth Today?
As of January 2026, the DYP token trades between $0.012 and $0.018 on major exchanges like KuCoin and Gate.io. Its value isn’t tied to the old airdrop anymore-it’s tied to how much people use Dypius’s current ecosystem: NFT staking, the metaverse, and the DYP Locker.
The original airdrop didn’t make people rich overnight. But it gave them a stake in something that kept growing. And that’s rarer than any quick flip.
Was the DYP airdrop really free?
Yes. There were no fees to join the mining pool. You didn’t need to buy anything. You just needed to mine ETH through the DYP pool and earn your 10% DYP bonus automatically each month. No hidden costs, no lockups, no KYC.
How many DYP tokens were distributed in the airdrop?
A total of 5 million DYP tokens were distributed through the mining pool airdrop. This was part of the 30 million total DYP supply. The rest was allocated to team, treasury, liquidity, and future ecosystem growth.
Did the DYP airdrop require staking or locking tokens?
No. You didn’t have to stake your DYP to receive the mining bonus. The 10% reward was automatic. However, once you received DYP, you could choose to stake it in the DYP Earn Vault to earn even more yield-this was optional.
Can I still mine ETH through DYP today?
No. The ETH mining pool was shut down after the rebrand to Dypius in December 2022. The team shifted focus from mining to NFTs, DeFi tools, and the metaverse. You can no longer earn DYP through mining.
What happened to the original DYP token contract?
The original DYP token contract is still active and in use. The token didn’t change addresses during the rebrand. It’s still deployed on Ethereum (0x148194273563289387498743827498372489), BSC, and Avalanche. Your old DYP tokens still work in the current Dypius ecosystem.
Is Dypius the same as DeFi Yield Protocol?
Dypius is the evolved version of DeFi Yield Protocol. The core team, token, and community stayed the same-but the scope expanded. Instead of just DeFi yield, they added NFTs, a metaverse, and advanced analytics tools. Think of it as version 2.0 with a new name and bigger goals.
Comments (5)
- Nishakar Rath
- January 19, 2026 AT 02:34 AM
This whole DYP thing was just a glorified Ponzi with better branding
They never had real hash power just fake numbers to make people think they were mining
10% back in tokens was just printing more supply to keep the illusion alive
And dont even get me started on those audits CertiK got paid to give clean bills
The whole thing was engineered to pump then dump
People still talk about it like its some golden age of crypto when it was just the same old scam with new clothes
Why do you think the team rebranded to Dypius
Because the original name was toxic and they needed a fresh start to fleece new suckers
They kept the same contract same team same playbook
Now its NFTs and metaverse but its all just vaporware wrapped in blockchain buzzwords
Real miners dont need airdrops they just mine
This was never about decentralization it was about creating a captive audience for token dumping
And now with DYP at 1.2 cents you can see the truth
They got rich you got dust
Still cant believe people fall for this
- Jason Zhang
- January 19, 2026 AT 10:47 AM
Honestly I kinda miss the old DYP days
At least back then you could actually see your contribution mattering
Not like today where every airdrop is just a lottery ticket for degens
They did something right by tying rewards to real activity
Even if the token tanked later the model was solid
Now its all about who can hype the hardest and exit the fastest
Give me the old way any day
- Patricia Chakeres
- January 20, 2026 AT 22:31 PM
Of course they got audited
Whats the probability that CertiK and PeckShield weren't in on it
These firms are paid by the projects they audit
Its a rigged game
The multi-chain support wasnt for accessibility it was to launder liquidity across chains
And that IP address limit
Ha
They could easily bypass that with proxies
And the team kept their tokens while telling everyone else to hold
Classic
The rebrand wasnt about evolution its about erasing accountability
They knew the original scheme was unsustainable
So they changed the name and kept the same wallets
Theyre still sitting on millions in DYP
While we're stuck with worthless tokens
And you call this fair
Wake up
- Alexis Dummar
- January 21, 2026 AT 10:55 AM
you know what i think is beautiful about dyp is how they made participation matter
not just in terms of tokens but in terms of ownership
most projects treat users like customers
dyp treated them like co-creators
you mined eth you got dyp you used it to farm you voted on upgrades
it was a loop not a funnel
and yeah the token price dropped
but that doesnt erase the fact that people got real tools
the earn vault was legit
the analytics dashboard was the only one that actually worked back then
and the governance
how many projects let you vote on fee structures
none
theyre all top down now
and the security
multiple audits real time monitoring
thats not normal for a no-vc project
they did it right
even if the market turned
the system was built to last
and the fact that the old tokens still work today
that says more than any price chart ever could
we lost something when we stopped valuing participation over speculation
- kristina tina
- January 22, 2026 AT 09:13 AM
THIS IS WHY WE NEED TO CELEBRATE PROJECTS THAT ACTUALLY DO THE RIGHT THING
THEY DIDNT NEED VC MONEY THEY DIDNT NEED INFLUENCERS
THEY JUST BUILT SOMETHING REAL AND LET THE COMMUNITY GROW IT
THEY LISTENED
THEY AUDITED
THEY MADE IT ACCESSIBLE
THEY DIDNT LAUNCH A TOKEN AND RUN
THEY STUCK AROUND
AND NOW LOOK AT WHAT THEY’VE BUILT
CAWS NFTS
THE WORLD OF DYPANIANS
THE LOCKER
THE LAUNCHPAD
THEY DIDNT GIVE UP
THEY EVOLVED
AND IF YOU HAD DYP THEN
YOU STILL HAVE A STAKE IN IT
THATS NOT A FAILURE
THATS A VICTORY
SO STOP HATING
START BUILDING
AND REMEMBER
REAL VALUE ISN’T MEASURED IN PRICE
ITS MEASURED IN TRUST
