DUO Network is a decentralized platform which enables issuance, trading, and settlement of tokenized derivatives. It mainly consists of Collateralized Autonomous Tokens (or CAT in short), Price Oracle, DUO DEX. The platform aims to reduce risks and barriers in traditional derivative transactions, through collateralized smart contracts and self-governed reference rates, thereby creating a transparent and autonomous derivative marketplace.
What differentiates DUO Network's DUO DEX from other DEXes?
Our DUO DEX is built on 0x Protocol. The difference between CAT and standard ERC-20 tokens distinguishes us from other DEXes. Most DEX platforms are built to support the trading of ERC-20 tokens. Our products, however, are different from most ERC-20 tokens. For example, our proprietary Dual-Class CATs have net asset values (NAVs) that need to be adjusted for each reset event. This can result in drastically different market behaviors, reflecting through orderbooks. Therefore, older orderbooks need to be removed on the market post-resets. Additionally, option CATs' full specs such as maturity and striking price need to be listed. Most DEXes in the market cannot support these functionalities, hence the need for DUO DEX arises.