 | Duet Protocol (DUET)IDO  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 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. |
Overview
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OpenWhat 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.
DetailsIDO (PancakeSwap Launchpad): Mar 11, 2022 - Mar 12, 2022Token supply: 420,000,000 DUET Raised: 5,000,000 USD | Token infoTicker: DUETToken distribution: Private sale - 10.00% Public sale - 2.43% Governance - 10.00% Locked Liquidity Incentive - 30.00% Team & advisors - 9.17% Research and Developments - 4.00% Operations and Ecosystem - 3.57% Early Users Airdrop - 0.83% StabIlization Reserve - 30.00% |
Duet Protocol Roadmap
- Development and test of Instant DUET/dAsset Minter and coresPrelude-mining launch and get the code audited
- IDO and Ethereum launch
- Launch on BSC or other EVM blockchain, do IDO correspondingly.
- Launch on a new permissionless chain; Support 50+ synthetic assets, including inverse assets, VIX, interest rates, etc.
- Launch DUET’s own swap and lending modules. Integrate dAssets with lending protocols and multichain swaps.
- Upgrade the decentralized oracle
- Atomic cross-chain zk dAssets transactions & community-based dAsset management platform
- Covering more than 500 core assets achieving the goal of global coverage
- First “Chord Chapter”-accept off-chain assets as collateral. Migrate data server from traditional IDC to IPFS network to realize fully decentralization
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