Mint and trade synthetic financial assets on a fully decentralized platform
A decentralized, transparent exchange where you can
trade synthetic equities, commodities and crypto majors.
By using Duplicate Protocol, gaining on-chain exposure
to a vast range of synthetic assets has never been easier.
An unparalleled substitute for platforms that charge
high fees, lack speed and compromise on users privacy.
Duplicate Finance is a DeFi protocol that allows the creation of synthetic assets that track the price of real world assets.
With Duplicate Finance, traders and investors can trade stocks, bonds and commodities in an easy and frictionless way.
To mint a Duplicate synthetic asset, an issuer must lock up > 150% of the current asset value in stablecoins or dpAssets as collateral.
If the value of the asset rises above the collateralization threshold, the collateral is liquidated to guarantee solvency of the system.
To target the price of the dpAssets, the protocol reads in asset prices via a decentralized price oracle (powered by Chainlink) and the prices are updated every 30 seconds. When the price of the dpAsset decreases significantly from the primary market, traders are incentivized to buy / sell the asset to mint / burn to claim the collateral.
To burn a dpAsset, the issuer must burn the equal amount of dpAssets issued when opening the CDP.
Once that is done the collateral is returned back to the issuer.
Duplicate is the first trading platform to
launch leveraged synthetic equities.
Whilst there have been attempts in the market to develop
"basic" trading platforms, when it comes to sythetic assets
the Duplicate team has actually gone the extra mile with
the development of leveraged synthetic equities
CEO / FounderLukas
CTO / Lead DeveloperStephan