Doubler, launching in April 2023, is already available on Ethereum and Blast testnets.
Doubler serves as a storage tool for users' crypto assets. By depositing supported cryptocurrency assets in Doubler, users can lock in their value, eliminate unnecessary market risks, and receive a reward at the end of the protocol.
Doubler reallocates crypto assets within the protocol, and the rewards received by users come from the profitable part in the market.
Doubler uses a profit maximization system based on a "martingale" strategy, offering an open-ended profit tool based on smart contracts.
Participants can actively take part by creating or joining pools.
Doubler utilizes the power of market aggregation, allowing for a strict "martingale" strategy, refilling asset positions during bear market. This process aims to bring the average purchase price of asset in the Doubler pool closer to the current market price of asset, ultimately resulting in profitability.
As a result, the average pool cost converges with the current asset price, providing potential profitability when the price recovers.
When the current asset price exceeds the Pool's profit price, the Pool reaches its profitability goal. This means that when calculated, the value of the asset in the Pool exceeds the total amount of cash investments made by all users within the agreement, which yields a certain percentage of profit. Consequently, when the agreement is fulfilled, the protocol divides the asset within the agreement into two categories: cost and profit. This covers all the investments made by the users and generates a profit.
The Creator's and Winner's share of the reward is set by the Creator when the Pool is created.
