Duet Protocol $Duet Staking Dashboard On Vault.Inc
Duet Protocol are very glad to announce the launch of the Duet Staking Dashboard on Vault.Inc. We’ve joined hands with an incredible staking & locking platform called Vault.Inc. This collaboration makes it possible for users who hold $DUET can earn even more profit by staking the DUET token on Vault.Inc, besides using it as collateral on the app.duet.finance.
The staking pool was launched on March 21th, 2022. It accepts $DUET tokens on both Ethereum and BNB Chain.
Using the staking function, users will be able to stake $DUET and begin receiving additional $DUET rewards. At the moment, the staking period is 3 months and the reward would be 1750 $DUET in total for each chain, which is 1750 $DUET per month and ~58 $DUET per day. The calculated APR can be up to 21000%.
Follow the steps below:
1. Go to https://duet.vault.inc/#/
2. In the “Pools” section, click “Stake”
3. Select preference ( either flexible or locked) and the amount of $DUET you want to stake. And you can see the estimated APR accordingly.
There are 2 kinds of staking. The first kind is “Flexible”.
Once you have staked your $DUET, you will immediately begin accruing $DUET rewards. To check your rewards releasing status, please go to the “Rewards” page for the exact time count-down. This would apply to the “locked” mode as well.
The second kind of Staking is called “Locked”. In the mode, you can choose the lock-up period you prefer by adjusting the slider, choosing between 1 month, 2 months, or 3 months. Basically, the longer you stake, the higher APR you can enjoy.
4. Confirm the transaction.
About Duet Protocol
Duet Protocol (Duet) is a Multi-chain synthetic asset protocol that sharpens all assets for use in the blockchain world. A duet in music refers to a piece of music where two people play different parts or melodies. Similarly, Duet protocol allows traders to replicate the real-world tradable assets in a decentralised finance ecosystem.
