Duet Protocol Monthly Update October 2022

Overview

With the Bitcoin price going up & down around the $20,000 level, Duet Protocol brings you a few updates which have been done in the month of October. Scroll down to read the updates!

Updates

1. Partnership with Zebec Protocol

Duet Protocol became Zebec Protocol’s first partner on the BNB Chain and together will explore the great web3 together. Also Duet Protocol hosted a Twitter space with the new partner.

2. Integration of dAssets PMM Mechanism

The team is excited to announce that Duet Protocol has integrated Dodo DEX’s PMM mechanism to bring our users to experience a higher level of dAssets trading! dodoex.io is now the main trading venue for the dAssets. The following are the links for trading the dAssets on dodoex.io~

BUSD-dWTI:https://app.dodoex.io/?from=0xe9e7cea3dedca5984780bafc599bd69add087d56&to=0x587Fb3e1C6819fd54e3740C6C4C7832484eF451b&network=bsc-mainnet

BUSD-dXAU:https://app.dodoex.io/?from=0xe9e7cea3dedca5984780bafc599bd69add087d56&to=0x7E3b9B1313AD547feb71ac5BC48b03D7E683601E&network=bsc-mainnet

BUSD-dTMC:https://app.dodoex.io/?from=0xe9e7cea3dedca5984780bafc599bd69add087d56&to=0x529AaFadba71386AB77519DA5eC75ab943dF0b6D&network=bsc-mainnet

Users can also access the Dodoex.io dAsset page from Duet App by simply going to the dAssets section, select the dAsset to be traded & click on the trade button and select ‘Trade on Dodo’.

Users kindly note that there may be imposters trying to impersonate Duet Protocol tokens. These are the official BNB Chain contract addresses of Duet dAssets~

dXAU: 0x7E3b9B1313AD547feb71ac5BC48b03D7E683601E
dWTI: 0x587Fb3e1C6819fd54e3740C6C4C7832484eF451b
dTMC: 0x529AaFadba71386AB77519DA5eC75ab943dF0b6D

The meaning of onboarding dodoex.io PMM for dAssets?
By onboarding the PMM mechanism, the impermanent loss while trading is minimized and a higher capital efficiency is achieved. With PMM, asset issuers do not need large amounts of capital on standby to pair up with their assets when initializing liquidity pools.The use case is intended for experienced and ambitious market makers (both institutions and individuals), who want the highest degree of freedom and customizability possible to execute their own market making strategies.

In this use case, all liquidity in the liquidity pools belongs to the market makers themselves and they also have full control over all the pool parameters. Market makers can dynamically adjust the asset price by changing these parameters based on their assessment of market sentiment, valuation, and other factors. Moreover, market makers can deposit to and withdraw from these liquidity pools in arbitrary ratios, without affecting the asset price.