BONDED DUET FROM DUET PROTOCOL — INTRODUCING HIGHER APY FOR USERS

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.

How to Purchase bDuet

You can Purchase bDuet in just 2 simple steps below👇

Visit duet.Finance, head to the Bond module and select a bDUET with a maturity of your choice.

Click Buy and you will be redirected to PancakeSwap to exchange DUET tokens for bDUETtokens

In the Earn module “Farm,” users can also earn bDUET by delivering liquidity to any of the starred bDUET in the Duet App.

Conclusion

Duet Protocol has everything you need for a successful investment, so sign up and stay up to date on the latest news and prospects.

Learn more here:

gitbook

Website

Medium

Twitter

--

--

--

I’m a relatable life writer . Currently developing content for Web3, Defi and blockchain projects and communities.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

BTC, ETH, XMR review for 07.07.2020

Schall Law Firm announces filing of lawsuit against Block.one for selling EOS

Understanding The TumbleBit WhitePaper: II. Bitcoin Scripts And Smart Contracts

State of Stake #30

Hey There! Welcome to a new week, and of course, a new Month?

Guide to the Shilly Wonka Shitcoin Factory

Shilly Wonka team graphic.

Squadrons and the NEAR Protocol Migration

Aragon: AragonOS 4 release, cashflow statement Stefano Bernardi as the Aragon Association…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Bassey Saviour

Bassey Saviour

I’m a relatable life writer . Currently developing content for Web3, Defi and blockchain projects and communities.

More from Medium

Introducing Ever-Fi: A Solution To DeFi Ecosystems

$BRKL: A tool towards a more sustainable future

Introducing dTMC: The First Total Cryptocurrency Marketcap Index on the BNB chain

MASQ first to launch on Crucible x Polygon