Providing higher APY earnings for users
A blockchain bond is a sort of automated bond contract that makes use of blockchain databases, which may function as cryptographically-secure ledgers while being open and transparent. By generating a decentralized database of unique digital assets, blockchain bonds have the potential to transform financial capital markets. Securities based on blockchain technology will be able to eliminate the different middlemen involved in bond transactions, resulting in cheaper fees.
Some of the world’s most powerful and prominent financial organizations may be considering incorporating blockchain technology even further into their services, such as the production of blockchain-based bonds. This shows how very important blockchain bonds are and which brings us to Duet Bond.
An overview of Bonded Duet (bDUET)
A Duet bond is a document that entitles the investor to receive principal and interest payments in Duet tokens at one or more future dates. A typical bDUET’s mining reward is fixed for a certain period and can be reinvested for as long as possible.
A 6-month Duet bond, for example, with a principal of 220 Duet tokens and monthly interest payments of 22 Duet tokens would allow the bearer to receive the Duet token. The interest rate is 10% of the principal amount per month.
Benefits of Duet Bond
With bDUET, users can enjoy the following benefits:
- Users can get awesome rewards by investing in bDUET.
- The price and yield-to-maturity (YTM) % are affected by the maturity date. Hence, a longer maturity period will produce more DUET tokens after the maturity date (a higher YTM and lower price). Detailed examples are explained and shown in the figure below.
An 18-month bDUET maturity period has a price of 0.3387 and a YTM of 113.83%.
A 12-month bDUET maturity period has a price of 0.5481 and a YTM of 90.71%.
A 3-month bDUET maturity period has a price of 0.9484 and a YTM of 31.83%.
How to buy and redeem bDUET on Duet Protocol!!!
- To buy bDUET, go to the Duet App and then click on any of the buy tabs as shown below.
2. Redirects to PancakeSwap where users can directly swap DUET for bDUET.
Users can also earn bDUET in the Earn module “Farm” by supplying liquidity to any of the starred bDUET in the Duet App.
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