Duet Protocol (Duet) is a synthetic asset protocol built on a capital reserve system that unleashes liquidity to DeFi protocols. Duet treats single assets such as BTC/USDT/DAI and receipt tokens such as WBNB-BUSD LP as collateral, and credits users with liquidity in the forms of synthetic stablecoins dUSD and other synthetic assets.
Imagine a world where you can open an asset account anytime anywhere in the world, borrow cash against your assets anonymously in a second, earn more assets for lending it to a short seller, own a tiny piece of an indivisible asset like a house, or even program your asset so that an unmet stranger can conduct any kind of business with you without either one of you worrying to be cheated. These are just some of the privileges that are already made a reality with blockchain technology and Duet Synthetic Assets. With better availability, transparency, and programmability, we call Duet synthetic assets “Sharp Assets”
By connecting the fragmented liquidity on-chain, Duet enables investors to manage risk exposures of different asset classes, regions, and industries in just one cryptocurrency wallet. These synthetic assets are an upgraded version of their previous form, as properties like availability, divisibility and programmability are enabled by blockchain technology.
Duet is Powered by Duet DAO. Duet DAO community members(who own the DUET/DUET bonds or other governance tools) will pick collaterals to include and synthetic assets to supply through voting.