What’s new in V1.2 of the Duet App: New Module Features
After the community requested for certain significant features to be appended to the Duet App, the Duet V1.2 is finally live with so many wonderful features added. From bonds to farming to greater earnings and higher APYs, the Duet App offers a lot more benefits to users. Amazing right?!!!
Introduction to Duet Protocol
Duet protocol is a multi-chain synthetic assets ecosystem that mines multiple pegging assets on the blockchain such as stock, index, ETF, commodities, or any asset with a price feed. Duet’s goal is to enable all Web3 inhabitants to allocate resources to any asset via a single crypto wallet.
New module features in the Duet App V1.2
Users now have access to new pairs and single assets in the earn module with different APYs.
There is also “the farm” in the earn module where users can enjoy and check rewards in bonded DUET (bDUET) form, which is another cool feature that will be explained below. To earn in bDUET, users must first provide liquidity to any of the starred bDUET in the Duet App. To get more information about the benefits of bonded DUET and a guide on how it works, check out my article here.
As stated earlier, an awesome feature that has been added in the Duet V1.2 is the Bond module.
In bDUET, the price and yield-to-maturity (YTM) % are affected by the maturity period. Hence, a longer maturity period will produce more DUET tokens after the maturity date (a higher YTM and lower price) and vice versa as the case may be.
The last feature but not the least is the Duet dAssets — dXAU and dWTI.
With much raving about synths, users can now benefit from oil and gold with Duet’s dAssets — dXAU (gold) and dWTI (oil). These synths are designed to help users reduce net value and make stable profits in a highly volatile market. For a better understanding of the Duet dAssets and how to get it on the Duet App, check out this link.
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