Overview

A $bDUET is a certificate issued by the Duet Treasury for an investor to receive principal and interest payments denominated in Duet tokens in one or several future dates.

The architecture design of Duet protocol allows for creation of bonds with discounted face value or bond with interest payments. Take a bond with interest payments as an example, a 6 months bond with a face value (principal) of 100 DUET tokens and interest payments of 10 DUET per month would entitle the holder to receive DUET token as follows:

Month 1	10
Month 2	10
Month 3	10
Month 4	10
Month 5	10
Month 6	110

Whereas an investor who would have received 100 DUET tokens today, he/she can opt to be paid with 160 DUET tokens in 6 months time, which is 60% more duet tokens.

Another example of a typical discounted face value Duet bond would be a $bDuet trading at 0.5 Duet token with a face value of 1 Duet token. By investing in the bond today, investors effectively lock up a annualized return of 100%.

Mining rewards are locked for 9 to 12 months and Duet token holders may choose to reinvest their Duet tokens for any duration they please.