Duet Protocol AMA Summary Recap with Shin Chan Community

  • Openness and user-friendly:Compared to Binance or FTX CM equity methods, on-chain synthetic assets minting is easier and friendly for investors, having no entry barriers, procedures cost, or single spot risk.
  • -Multiple collateral positions: Synthetix and Linear adopt the single asset deposit with sharing debt method. Compared to them, Duet chooses multiple collaterals with separated CDPs, which reduces minters’ risk and raises scalability.
  • Assets diversity and compatibility: Compared with MakerDAO’s DAI and Mirror’s UST, Duet accepts various types of synthetic assets and embraces wider ecosystems, and supports Ethereum, BNB Chain, and other EVM compatible blockchains.
  • Compatibility: Duet provides transferable dAssets which could be leveraged in other DeFi protocols, compared with perpetual-ish protocol which only supports long or short positions.
  1. Duet’s stablecoin and other synthetic assets in the future are built upon yield aggregators, which mean the dAssets are yield-bearing naturally. At the same time you can still enjoy the general yields based on strategies the Duet team prepared for you.
  2. Unique bond market design. Have you ever noticed that the majority of Bonds among the crypto market are designed in the form of “NFT”, or they can’t be traded before being redeemed into the native tokens. Both make the bond a highly illiquid asset.
    For the Duet bond, you would enjoy the high liquidity due to the Fungible tokens’ design as well as the unique AMM pools there. 12 bonds(once a month) and 4 bonds (once a quarter) would be onboarded on cheaper EVM compatible chains (BNB Chain, Polygon, Ava, etc.), and Ethereum respectively.
    Not only can users enjoy the juicy interest from the bond market, but also have access to a highly tradable and liquid asset class.
  3. Inside one platform, generating multiple LP tokens: Get any kind of LP tokens with only one click, in one place, rather than a couple of ones where you would need to hop on to many different platforms. Duet Protocol designs a function “ZAP”, which would let users get their single token, let’s say USDC, which can be transited into any target farm LP tokens instantly.

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