Duet Protocol Price(DUET)

At its core, Duet Protocol is a multi-chain synthetic asset platform that facilitates the creation and trading of synthetic assets referred to as dAssets. These dAssets are designed to replicate real-world tradable assets, encompassing a wide array of categories such as fiat currencies, commodities, and even equities.

The innovative aspect of Duet Protocol lies in its hybrid mechanism. By combining over-collateralization—where users must deposit collateral that exceeds the value of the dAssets they've minted—with algorithmic pegging, the platform ensures both stability and liquidity. This robust architecture allows users to mint dAssets backed by diverse collateral types, including cryptocurrencies, various tokens, and other synthetic assets, thus creating a flexible trading environment.