Duet Protocol partners with iZumi Finance to optimize Web3 native’s yield
Duet Protocol is delighted to announce that we reached a strategic partnership with iZumi finance. As the DeFi explorer and long-term believers, both projects are devoted to bringing a better DeFi user experience to Web 3.0 native users, in which we regard yield enhancement as one of the key blocks to the whole picture. From Ethereum to EVM compatible chains(Polygon, BSC, Avalanche, etc.), both would keep contributing to bringing benefits to the multi-chain metaverse.
As a synthetic assets protocol built upon yield aggregator, leveraging bond market, security pool, and market maker, In the short run, the long-tail assets like receipt token’s holder can enhance their returns by utilizing stablecoins minted with Duet protocol; in the long run, Duet Protocol targets to be the entry point of liquidity providing, 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.
izumi Finance is the first protocol to support Uniswap V3 “non-homogeneous” liquidity mining and extend concentrated liquidity service for multi-chains. izumi provides “Liquidity as a Service” (LaaS) based on Uniswap V3, with innovatively designed liquidity mining modules of the “Concentrated liquidity mining” model for stable assets with a fixed price and “One-sided non-impermanent loss Mining” model for non-stable tokens. These structured models would support any blockchain project to better implement liquidity incentives with much higher capital efficiency and enable liquidity providers to earn extra rewards.
By reaching strategic partnerships, the two sides are going to unite resources to help users optimize their assets’ yields. Initially, the concrete collab would start from co-sponsoring stable coins and both native tokens’ liquidity incentives. In the future, we would explore the wide range of DEx’s LP tokens’ yield enhancement and multiple kinds of PCV(protocol-controlled-value) building together.
