We present a decentralized platform named DUO Network which enables issuance, trading, and settlement of tokenized crypto derivatives. It mainly consists of Collateralized Autonomous Tokens (or CAT in short), Price Oracle, CAT Exchange, and DUO Network Token. 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.
CAT's value is backed by digital assets held in its custodian smart contract.
A custodian may create two or more payoff classes of CATs.
CATs are two-way convertible with corresponding collaterals.
Distributed price oracles help to create a fair and objective reflection of the underlying asset value and safeguard against price manipulations.
All CATs are ERC-20 compatible.