DREP is now in cooperation with Duet Protocol

We are excited to announce our partnership with DREP — a blockchain connector and toolkit, which will assist Duet Protocol in fully capturing the value of the entire credit-data network.

As the first step of the partnership, Duet and DREP is aiming to alter the sole method of credit enhancement in the DeFi world through over-collateralization and improve the multidimensional credit investigation on DeFi user portraits.

The collaboration will allow Duet and DREP to take a new approach on a lower-risk and lower-collateralization lending model, which will conserve the accumulated historical transactions of individuals, not squander their credit premium, and benefit the community in the way that lending and borrowing becomes more secure.

We are looking forward to this exceptional collaborative opportunity.

What is DREP?

DREP is a blockchain connector and toolkit providing solutions that combine ease of use, flexibility, and frictionless integration.

DREP 1.0 has independently developed and incubated tool-based protocols related to the vertical markets, such as DREP BaaS, DREP Game SDK (GameFi), Liquidity Tap (DeFi), etc.

DREP 2.0 builds a decentralized credit-data middleware based on layer-2 facilities. It aims to solve the fundamental issue of loan credit enhancement on DeFi.

What is Duet?

Duet is the world’s first multi-chain synthetic asset protocol with a hybrid mechanism (over-collateralization + algorithm-pegged) that “sharpens” all assets to be traded on the blockchain. Duet protocol will allow traders to replicate the real-world tradable assets in a decentralized finance ecosystem.

Duet’s vision is to build an on-chain parallel financial world governed by DAO that allows users to create & allocate capital to ANY assets.

📰 INFO

https://duetprotocol.medium.com/partnership-announcement-between-drep-and-duet-protocol-498f91c65ec2