Duet Protocol (DUET)

Duet is the world’s first multi-chain synthetic asset protocol with a hybrid mechanism (over-collateralization + Algo-pegged) that “sharpens” all assets to be traded on the blockchain. A duet in music refers to a piece of music where two people play different parts or melodies. Similarly, the Duet protocol allows traders to replicate the real-world tradable assets in a decentralized finance ecosystem.

First-round funding $3 Million

Private Funding $5 Million

Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

What is Duet Protocol

In a nutshell,the Duet protocol is a synthetic assets minter built on a Yield Aggregator that automates the process of yield farming, maximizes its returns and releases additional liquidity to the users. In the short run, the receipt token holder can enhance their returns by utilizing stablecoins minted with Duet protocol; in the long run, our vision is for the Duet protocol to be the entry point of liquidity providing, the reserve capital system that supplies liquidity to almost all DeFi protocols whilst generating a world of synthetic assets whose values are 100% backed by its reserves.