Review of DUO Network(DUO): BB — Stable Outlook and Moderate Risk
TokenInsight has recently published the rating report for DUO Network | Trustless Derivatives (DUO), which has received a project rating of BB with a stable outlook.
❔What is DUO Network | Trustless Derivatives:
DUO Network is a decentralised derivatives trading platform.
Key Points:
✅ While working to develop a distrusted and transparent independent derivatives market, DUO Network hopes to increase the liquidity and trading depth of digital assets through digital asset mortgage, smart contract liquidation, and distributed quotation.
✅DUO Network is classified under the field of Decentralized
Finance (DeFi), which refers to an open source finance project based on distributed networks.
✅ The digital asset derivatives market is growing, and the decentralized financial products characterized by providing open financial derivatives are increasingly abundant.
✅ It’s worth noting that the concept of DeFi is different from that of FinTech. The latter includes a wider range of emerging technologies to improve the efficiency of financial services, while centralized institutions often play a major role in promoting technical progress.
✅Compared with traditional finance, DeFi breaks the boundary of institutions as independent business places, turning financial products into a ubiquitous service with the mixed operation.
Result:
TokenInsight gives BB to DUO Network with a stable outlook. Overall, the risk of DUO Network is moderate.
Learn more about DUO Network
About TokenInsight
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