Led by the CEO Lukas Heimer, the Duplicate team, made up of Stephan Feldt, Lorenzo Biancho, Stefanie Heiss and others has been working tirelessly on the Duplicate protocol since October 2020 and with the help of our seed investors, we believe we have built some truly great products.
What makes Duplicate Protocol unique?
Unlike many other protocols that let people trade basic synthetic assets, the Duplicate team has gone the extra mile and as stated in the roadmap, we will be launching Leveraged Equity dAssets in Q3 2021.
Traders will be able to leverage 3x to 5x and leveraged dAssets will be available only for equities.
Within the Duplicate Protocol, there are five distinct roles known as trader, liquidity provider, staker, minter and oracle feeder. As the name suggests, the trader engages in buying and seling dAssets against UST through Duplicate Exchange and benefits from price exposure via dAssets.
The minter enteres into a collateralized debt position (CDP) to obtain newly minted dAssets. CDP’s accept collateral in UST or dAssets and always maintain a specific ratio above the dAssets minimum (set by governance). You can withdraw your collatreal as long as the CDP’s ratio remains above the minimum. Minters can adjust the CDP’s collateral ratio by burning dAssets or depositing more collateral.
The liquidity provider adds equal amounts of a dAsset and UST to a corresponding Duplicate Exchange pool, increasing liquidity for that market. The staker uses their LP tokens or DUPL assets to earn staking rewards. LP token stakers earn rewards from new DUPL tokens from inflation; DUPL tokens earn staking rewards from CDP withdrawal fees. If you own DUPL assets, you can participate in governance and receive voting power weighted by total assets. LP token can be unstaked at any time, but DUPL tokens can only be unstaked when they are not used to represent a vote on a pending governance poll.
Lastly, the oracle feeder is a Chainlink oracle responsible for providing an accurate and up-to-date price feed for a specific dAsset. It is the only party that is permitted to update the registered reported price of the asset.
There are no admin keys with privileged access. After the initial bootstrapping of contracts, the Gov contract is set to be the Duplicate Protocol contract owner, and all changes must be made through the governance with the procedure defined in this section. The DUPL asset serves as the governance asset, and as mentioned above, only users with staked DUPL can participate in voting. Voting is done through polls, which are the new governance proposals in Duplicate.
Any user can create a poll by paying an initial deposit of DUPL tokens. If the poll then fails to pass the minimum votes needed, the DUPL deposit is given to DUPL stakers and distributed proportionally according to their relative stake.
Once submitted, a poll can be voted on by the community until its voting period has concluded. When the poll passes quorum and threshold conditions, it is ratified and automatically applied.
geverifieerd 0%
Aandacht. Het risico bestaat dat niet-geverifieerde leden feitelijk geen lid zijn van het team
Deze aanbieding is gebaseerd op informatie die uitsluitend wordt verstrekt door de aanbieder en andere openbaar beschikbare informatie. Het token-verkoop- of -uitwisselingsgebeurtenis staat geheel los van ICO-houder en ICO-houder is hier niet bij betrokken (inclusief technische ondersteuning of promotie). Token-verkopen van personen met wie ICOholder geen relatie heeft, worden alleen getoond om klanten te helpen bij het volgen van de activiteit die plaatsvindt binnen de totale token-sector. Deze informatie is niet bedoeld als advies waarop u moet vertrouwen. U moet professioneel of specialistisch advies inwinnen of uw eigen zorgvuldigheid betrachten voordat u actie onderneemt of afziet van enige actie op basis van de inhoud van onze site. Eventuele voorwaarden die door contribuanten zijn aangegaan met betrekking tot de verwerving van Tokens zijn tussen hen en de uitgever van het token en ICOholder is niet de verkoper van dergelijke tokens. ICOholder is niet wettelijk aansprakelijk voor eventuele opmerkingen van derden met betrekking tot een Token-verkoop en enige vordering wegens contractbreuk moet ook rechtstreeks worden gericht tegen de hier vermelde instantie die het betaalinstrument afgeeft.
Neem contact op met info@icoholder.com als u zich zorgen maakt over de aard, de correctheid of de wettigheid van deze token-uitverkoop of de betrokken personen. met gedetailleerde informatie over uw zorgen.