Secret Network & keyTango Joint Ventures And Introduce Duplex Finance
Secret Network and keyTango joined forces to introduce stablecoins investment revolution.
Introducing Duplex.Finance
Duplex is an innovative investment program set to deliver unprecedented yield in the stablecoin market. Duplex was developed in order to harness the full power and unlock the highest value of your stable assets by introducing a two layer strategy set to outperform all other products on the market.
The innovation of Duplex.Finance is the ability to effectively leverage stablecoins, investing a single asset twice:
- first on the Ethereum Network
- second, on the Secret Network
The compounded interest from both investment products is very attractive.
Duplex.Finance utilizes a purpose built Secret Network bridge, that instead of holding the ERC-20’s idle as collateral, is using keyTango’s Catalyst platform to deploy the ERC-20’s into best-in-class Ethereum based investment products.
Duplex.Finance Program Details
- Due to programs’ $5M volume cap, participation in Duplex.finance is limited to an ‘invite only’ basis, which requires interested users to apply through a whitelisting process.
- The participation scheme highly prioritizes Secret Network/ keyTango community members, allowing them to gain early access to the program and generate substantial benefits within the programs’ users reward tier system.
Duplex.Finance Users Rewards is based on their investment holdings. The details of the rewards tier system will be shared among accepted members.
ABOUT keyTango
keyTango’s platform allows users to discover, learn about & invest in deep DeFi products. Its vision is to make DeFi space as inclusive as possible, providing retail investors with a frictionless gateway to top quality investment products and services.
ABOUT Secret Network
Secret Network is the first blockchain with data privacy by default, allowing you to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3.
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