BONDED DUET FROM DUET PROTOCOL — INTRODUCING HIGHER APY FOR USERS

4 min readApr 17, 2022

Earning in blockchain has been diversified and users can get rewarded from different programs like

Staking,
Lending
Liquidity providing.

Duet Protocol is not left out as it has introduced the Duet farm and bond modules where users are entitled to higher APY’s

This article will tell us about the Duet bond and farm module.

About Duet Protocol

Duet Protocol (Duet) is a Multi-chain synthetic asset protocol that sharpens all assets for use in the blockchain world. A duet in music refers to a piece of music where two people play different parts or melodies. Similarly, Duet Protocol allows traders to replicate the real-world tradable assets in a decentralized finance ecosystem.

Duet Protocol bridges the gap between the physical and digital worlds by developing a synthetic asset that allows users from all around the world to easily access traditional assets such as stocks, precious metals, and real estate. Financial products that mimic the return on a real asset are known as synthetic assets. The name derives from this. For those who cannot or do not want to own the original material, this is an intriguing option. In the field of definition, synthetic assets will mimic the profitability and volatility of genuine trading assets.

What is Bonded Duet (bDUET)?

A $bDUET is a Duet Treasury certificate that entitles an investor to receive principal and interest payments in Duet tokens at one or more future dates.

Duet Protocol provides bonds with a lower face value or bonds that pay interest. In plain English, this indicates that by investing in bDUET today, rather than receiving DUET tokens today, we will receive a considerably larger payout in a few months. At the same time, the investor can choose his or her preferred payment plan and sell his or her bDUET (at a discount) to free up cash.

Benefiting From bDuet

The purpose of investing is for returns and an investor has the sole aim of finding the best investments with greater returns for his/her money. With bDuet, your investment gives the best returns because the longer your hold a bDuet , the higher your returns.

Check the chart below 👇

Benefits of bDuet

Rather than being a dormant asset that allows you to slumber for days, months, or even years, you should invest in a highly liquid asset.
bDUET builds a healthier tokenomics from day one, helping both the communities and the project lay a stable foundation for future secondary market performance, rather than Ve(3,3) being largely reliant on continual awards given out.
bDUET-DUET pools allow you to engage in the DUET for a fraction of the cost, allowing diamond hands to work on the project more comfortably. From bDUET Jun 2022 to bDUET Mar 2022, the later the maturity date, the more DUET you will receive in the end.
Ultra scalability: From the start, Bonded Duet will be the BaaS (Bond-as-a-Service) platform, allowing the whole crypto ecosystem to run on a more sustainable token economy.