Multi-chain synthetic asset protocol, Duet Protocol, has launched a Duet USD (dUSD) pool on Ellipsis Finance.
Ellipsis Finance is a swap platform that provides safe, slip-resistant and stable swap on the BNB chain.
Ellipsis Finance is an authorized fork of Curve Finance and is considered Curve 2.0 on the BNB Chain network, marking the Curve War Coming to BNB Chain event.
Ellipsis Finance brings liquidity wars famous in the curve ecosystem to the BNB chain by launching the latest version of Ellipsis to date.
The Duet USD, dUSD, is chosen for the first session of the notable event. This pool will help realize Duet’s vision of building a parallel on-chain financial world, governed by DAO, allowing users to create and allocate capital to any asset in the world.
In addition, upon launching the pool, dUSD received another layer of a smooth and almost slip-free channel for the stablecoin minter and the native over-clateral minting channel that existed in the app.
Duet will also integrate more DEX to bring the unique method of yield enhancement and synthetic asset minting to broader users.
dUSD leverages curve swaps by teaming up with Ellipsis Finance and its brand new EPS 2.0 to welcome the EPS war on the Binance Smart Chain network.
The pool now also allows users to borrow some assets from third-party lending protocols like Valas.
dUSD offers 217.7% APY made up of EPX rewards of 57.31% and a 2.5x boost beyond that, 73.164% in the form of bDUET#4.
In addition, users can enjoy 0.052% APY in the form of VALAS. The pool has already accumulated almost 180,000 liquidity, half of which is dUSD and half is 3EPS.
About the Duet protocol
Duet Protocol is a multi-chain synthetic asset protocol that provides additional value to assets in the blockchain ecosystem.
The project is a synthetic asset minter built on top of Yield Aggregator that automates yield farming, maximizing yields and unlocking additional liquidity. The project aims to become the entry point for the provision of liquidity.
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