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Duet Protocol
  • Duet Protocol
    • Introduction
    • Overview
  • Value Propositions
    • Liquidity Providers
      • Liquidity Providers
      • Market Makers
    • Investors
      • Crypto Investors
      • Traditional Investors
    • Third-Party DeFi Protocols
  • Token Economics
    • What is the Duet Token
    • Utilities of DUET Token
    • Token Distribution
    • Governance
  • Functions & User Guides
    • Stablecoin Minter
      • Wallet Configuration
      • Mint dUSD
      • Redeem dUSD
    • Earn
      • Earn User Guide
    • dAssets
      • dAssets User Guide
    • Farm
    • $bDUET
      • Overview
      • How to calculate the value of a $bDUET
      • Duet Open Bond Market
      • Yield to Maturity and Yield Curve
      • Bond As A Service
  • Synthetic Assets
    • dUSD
    • dWTI
    • dXAU
    • dBonds FAQs
  • Roadmap
  • Glossary
  • DUET PRO
    • Architecture
    • DPMM (Proactive Market Making)
    • External Custody
    • Funding Fee
    • Leverage
    • Margin Requirement
    • Mining (AMM Liquidity Mining)
    • List of Markets
  • Library
    • List of Markets
    • Terms of Service
    • Cookie Policy
    • Privacy Policy
    • Contract addresses
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  1. Duet Protocol

Overview

Duet Protocol in brief

PreviousIntroductionNextLiquidity Providers

Last updated 3 years ago

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In brief, Duet protocol is a built on a 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, whereas in the long run, our vision for the Duet is to be the entry point of liquidity providing, be 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.

When a receipt token is supplied, it is held by the Duet Yield Enhancer, which will automatically reinvest any income associated with the receipt token to maximize its return.

Receipt tokens including but not limited to swap LPs, PoS farming receipts, saving receipts, governance staking receipts will be gradually supported by the protocol as a reserve asset. Other crypto assets like public chain native tokens, ERC20 tokens will also be supported.

Users who have provided capital to the reserve could mint any supported synthetic asset with Duet Minter. Investors seeking long exposure to the synthetic assets could also buy them directly on the Duet Swap in the near future.

Gradually, Duet will roll out different asset classes including but not limited to stocks, commodities, ETFs, Indexes, Real-estate, fiat currencies, cryptos, and leveraged positions.

With synthetic assets, users can trade them in swaps, mine rewards by staking them in various farm pools or hold them in wallets to simply gain exposure.

When an , such as an ERC20 token is supplied to the Duet protocol, it can be used directly as a reserve capital to mint synthetic assets or be zapped to any of the supported receipt tokens to generate additional yields.

synthetic assets minter
Yield Aggregator
unwrapped token