Dual Finance
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 62 → 79. Problems weighed by who is responsible: concerns that are not fraud −7.6, problems around the subject, caused by others −2; legitimacy credit long-running +6, audits +8. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -7.6 |
| Problems around it, caused by others | -2 |
| Long-running | +6 |
| Audited | +8 |
| Sum | 69 |
Score: 79/100 (kept between 0 and 100)
How scoring works →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
3 entities · 60 linked investigations- Dual Finance→mentioned with→Mango Markets(80%)
- Mango Markets→mentioned with→Solana(75%)
- Dual Finance→mentioned with→Solana(80%)
Connected Through
2 shared actors · 365 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- □Mango Marketsorganization
Timeline(9 events)
February 2022
Solana Riptide Hackathon runs; Dual Finance is reported to have participated in hackathon competitions during this period.
Solana Riptide Hackathon announcement6 March 2022
Dual Finance publishes its whitepaper on Medium, introducing Dual Investment Pools and Staking Options.
Dual Finance Whitepaper — Medium30 August 2022
Dual Finance hosts its Kick-Off Townhall on Discord to present the protocol's structured products approach.
Pyth Network — Dual Finance Interview2 March 2023
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 — GitBook28 July 2023
DUAL token reaches its all-time high of approximately $0.877.
Dual Finance price — CoinMarketCapDecember 2023
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 — MediumJuly 2023
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 — MediumSeptember 2024
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 Block25 January 2026
Dual Finance staking-options GitHub repository releases v0.0.23, indicating continued software maintenance.
GitHub — Dual-Finance/staking-optionsDecision Log
- slot 455371447 · hash 8PRaFEfVvv1PCTwvzctEoMPDyw7vn1gP9b5VSMCHzgiu
- slot 423652946 · hash Go9B5FTFru7LrMxCzytz15GcZrtXby9LmeaU6UYNVrhT
- slot 423652944 · hash PbQr92yDebZuKSkbfS4xHoKp7oQoFj8khz14wcCtNQx
- slot 423508047 · hash GJ9wsQLtiuCP1gLQmGrPaTXZqyzYXM8SA2abm6eFpfBB
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 11 of 17 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/1/2026, 3:12:56 AM
last updated: 10/10/2026, 6:51:13 PM
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