Dual Finance
Summary
Dual Finance is a Solana-based structured-products protocol offering Dual Investment Pools (DIPs) and Staking Options, products designed to provide yield to token holders and sustainable liquidity incentives to DAOs. Founded in 2022 by named individuals with verifiable TradFi and FAANG backgrounds, the protocol reached a peak TVL of approximately $35 million in 2023 but has since contracted sharply to under $500K as of mid-2025. No exploits, regulatory actions, or fraud allegations have been identified in public records; the primary concerns are low current TVL, limited publicly-verifiable audit documentation, and significant DUAL token price depreciation since its 2023 ATH.
Connected Entities
1 entities · 10 linked investigationsTimeline(9 events)
2022-02
Solana Riptide Hackathon runs; Dual Finance is reported to have participated in hackathon competitions during this period.
Solana Riptide Hackathon announcement2022-03-06
Dual Finance publishes its whitepaper on Medium, introducing Dual Investment Pools and Staking Options.
Dual Finance Whitepaper — Medium2022-08-30
Dual Finance hosts its Kick-Off Townhall on Discord to present the protocol's structured products approach.
Pyth Network — Dual Finance Interview2023-03-02
DUAL governance token launches via Community Seed Airdrop, distributing options to 872 accounts representing 7.5% of total supply. No pre-sale or team allocation.
Dual Finance Token FAQ — GitBook2023-07-28
DUAL token reaches its all-time high of approximately $0.877.
Dual Finance price — CoinMarketCap2023-12
Dual Finance reports 13,980% YoY TVL growth to $35M, ranking 14th on Solana and 2nd among options protocols. Dual DAO raises over $600K through option exercise.
Dual Finance — A Year in Review 2023 — Medium2023-07
Dual Finance publishes Phase Two roadmap, outlining plans to onboard liquidity providers, add a secondary market for Staking Options, and expand to LST assets.
Phase Two Roadmap — Medium2024-09
CKS Systems launches Manifest on-chain order book on Solana; Dual Finance co-founders John Kramer and Britt Cyr are listed as primary contributors alongside Mango Markets founder Maximilian Schneider.
Mango Markets founder collaborates on CKS Systems Manifest — The Block2026-01-25
Dual Finance staking-options GitHub repository releases v0.0.23, indicating continued software maintenance.
GitHub — Dual-Finance/staking-optionsDecision Log
- hash: GJ9wsQLtiuCP1gLQmGrPaTXZqyzYXM8SA2abm6eFpfBB
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 3:12:56 AM
last updated: 6/1/2026, 3:13:00 AM
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