Duet Protocol wallet

What is Duet Protocol (DUET)?

Duet Protocol mints synthetic assets on BNB Smart Chain. Users lock collateral and issue dAssets against it, tokens meant to track the price of something else, whether that is a currency, a commodity or an index, without holding the underlying. DUET is the protocol's own token: it carries governance weight over the system's parameters and is used inside the protocol's incentive and fee arrangements, and it is not one of the synthetics.

The distinction is worth holding on to, because Duet's synthetic dollar is named dUSD, and that name has been reused by unrelated protocols elsewhere. A dUSD you see quoted in another context is very likely not Duet's. DUET itself is unambiguous by comparison, but the same caution applies to which chain you are on: it is a BEP-20 token, its balance sits at your BNB Chain address, and transfers are paid for in BNB.

There is nothing automatic about the token in your wallet. It does not rebase, it does not accrue on its own, and a DUET balance left untouched stays exactly as it was; anything that changes it is something you initiate.

A governance token is typically signed with a handful of times a year, which makes the storage question about the key surviving between those moments. Tangem creates it inside the card's chip, it never leaves, and a second card issued with it is the backup you keep elsewhere; a seed phrase is available if you want one but is not part of the default setup. For a token you may not touch for months, holding it this way is the straightforward answer.

Supported networks in Tangem (1): BNB Smart Chain.