Duet is a multi-chain synthetic asset protocol that enables the trading of US stocks and forex through on-chain perpetual contracts, providing liquidity providers with up to 80% in transaction fee rebates. By transforming ordinary assets into synthetic assets, Duet enhances trading efficiency and risk management for Web3 users in the digital asset market.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cryptocurrency trading platforms lack access to conventional financial instruments like US stocks and forex, limiting diversification options for Web3 users. Existing on-chain perpetual contract platforms often have limited asset choices and may not provide sufficient incentives for liquidity providers.
Solution
Duet Protocol is a decentralized protocol that enables the trading of synthetic assets, including US stocks and forex, through on-chain perpetual contracts. The platform aims to bridge the gap between traditional financial assets and the digital asset market, allowing Web3 users to access a wider range of investment opportunities. Duet Pro, the platform's flagship product, offers liquidity providers up to 80% in transaction fee rebates, along with diversified risk hedging mechanisms, to enhance returns and attract liquidity.
Target Audience
The primary target audience includes Web3 users and liquidity providers seeking access to global asset trading, particularly US stocks and forex, within a decentralized environment.
Features
- On-chain perpetual contract trading for US stocks and forex
- Up to 80% transaction fee rebates for liquidity providers
- Diversified risk hedging mechanisms
- Up to 100x leverage
- $DUET and $bDUET staking for accelerated rewards
- Duet Pro Cloud service for partners to build on Duet's infrastructure