The yield comes from the operating margin of physical businesses. A laundromat that generates $50,000 in annual revenue on $100,000 of deployed equipment yields 50% gross. After DualMint's fees, the liquidity buffer, and diversification across asset types, 13–15% net is the conservative estimate. It doesn't fall when rates fall because it has nothing to do with rates.
FAQ
Things people ask
before they stop asking.
Where the yield comes from, what backs it, what happens when something goes wrong, and what we don't promise.
In 13 months, zero operators have defaulted. If one does, the asset moves to a pre-vetted backup and the machine keeps running. Seven layers sit between an operator failure and vault capital. The first is the operator's own money, posted at onboarding before anything goes wrong.
IoT telemetry is cross-referenced against operator revenue reports and independently reviewed each quarter. Every distribution is verifiable onchain. The vault isn't live yet — smart contract audits go out before it is. That's the honest answer.
Currently open to accredited investors and sophisticated participants in select jurisdictions. We're working on broader access. If you're not sure whether you qualify, the honest answer is to ask — not assume.
Redemptions settle within 30 days. The vault keeps 20–70% of TVL liquid in early stages to handle normal withdrawals without selling assets. The 30-day window isn't a platform limitation. It's just how long it takes to move capital out of something physical.
Quarters go into washing machines. HVAC units earn service fees. EV chargers collect a payment every time someone plugs in. IoT captures every transaction. Bank records confirm the total. That's what distributes.
DualMint finances everyday assets — laundromats, HVAC units, EV chargers — and turns the operating revenue into onchain yield. The Boring Yield Index pools cash flow across asset categories into one position. It isn't live yet.
DeFi yield comes from token emissions, protocol fees, or lending against other crypto. All of it is circular — it only exists while the market does. DualMint yield comes from a laundromat that earns whether ETH is $4,000 or $400. The correlation is zero.
The Boring Yield Index
The Boring Yield Index (BYI) is DualMint's vault product. It pools operating cash flow from three asset categories — Ecowash laundromats, AirUp HVAC units, and RoboFarm vertical farms — into a single onchain position. Depositors hold one position. All three categories distribute into it monthly. It's built on the ERC-7540 async vault standard. Launching Q3 2026.
Three asset categories DualMint currently finances. Ecowash: coin-operated laundromats that earn from wash cycles, distributing in USDC. AirUp: commercial HVAC units earning from service contracts and documented energy savings, distributing in USDC. RoboFarm: robotic vertical farms with IoT-tracked harvest data, distributing in USDT. Each runs independently. All three feed into the vault.
ERC-7540 is the async vault standard — an extension of ERC-4626 designed for vaults that can't process instant redemptions. Physical assets take time to exit. The standard builds the 30-day redemption queue directly into the vault architecture, making it compatible with institutional tooling and DeFi integrations. It's the honest engineering answer to the question most yield products avoid: what does it actually take to exit?
Arbitrum, Base, Peaq, and Monad. The marketplace is live on all four. The Boring Yield Index vault will launch on Arbitrum and Base.
How the yield works
Most RWA protocols underwrite credit risk: will the borrower repay? DualMint underwrites usage risk: will the machine get used? A laundromat in a high-traffic corridor earns based on how many people need clean clothes — not on the operator's credit history. If the operator fails, they're replaced. The machine keeps earning. The underwriting question is whether this location generates demand, not whether this operator is creditworthy.
IoT sensors record cycle counts, uptime, and service events directly from each machine. That data is cross-referenced against operator bank deposits monthly. Where they diverge, the discrepancy is investigated before any distribution moves. A quarterly independent audit covers every asset category. Every distribution is recorded onchain. The verification chain: machine data, bank reconciliation, independent audit, onchain record.
A 0-100 score DualMint assigns to every machine each month. Sixty-five percent of the score comes from IoT telemetry — the machine's own data. Thirty-five percent comes from operator-reported revenue. If a score drops below threshold, the operator gets reassigned automatically and the machine keeps running. It determines vault eligibility and sets monitoring intensity per asset.
DualMint takes 10% of the operating cash flow generated by each asset. If a machine generates $1,000 in a month, $100 goes to DualMint. The remaining $900, minus any reserve allocations, distributes to depositors. The 13-15% net yield target is stated after this fee. You're always looking at net numbers.
Monthly, automatically, to your connected wallet. Ecowash and AirUp distribute in USDC. RoboFarm distributes in USDT. No manual claim required. The distribution hits your wallet on the scheduled date for each asset category.
Risk and structure
The assets are held through a BVI Special Purpose Company (SPC), a bankruptcy-remote legal structure. DualMint's operating entity and the asset-holding entity are legally separated. If DualMint's operating company closes, the SPC continues to hold the assets. Depositor claims sit against the SPC, not DualMint's operating balance sheet.
Operators go through a 7-gate due diligence sequence: legal entity verification, operational history review, site inspection data, financial cross-check, IoT telemetry baseline, insurance confirmation, and collateral posting. Every operator posts collateral at onboarding — their own money sits between an operator failure and vault capital before any other protection layer activates.
Physical breakdown is part of the underwriting model. Each operator posts collateral at origination that covers temporary revenue gaps. If a machine can't be repaired, it's replaced using the collateral reserve and DualMint's equipment sourcing network. The SPC holds step-in rights and leaseback agreements on every asset, which means DualMint can physically move equipment without waiting for operator cooperation.
A portion of vault capital kept in liquid USDC rather than deployed into machines. In early stages, 20-70% of TVL stays liquid. This handles normal withdrawal requests without forcing asset sales. As the vault matures and withdrawal patterns stabilise, the buffer range narrows and more capital deploys into yield-generating assets.
Tokenized treasuries earn from government debt. Their yield compresses when interest rates fall — a 2% rate cut eliminates roughly half of Treasury yield. DualMint's yield comes from machine operating margins, which have nothing to do with rate policy. A laundromat's gross margin doesn't change when the Fed moves. The yield ceiling is the operating margin of the underlying business, not the risk-free rate.
Getting started
Currently open to accredited investors and sophisticated participants in select jurisdictions. We're working on broader access. The jurisdictions change as compliance work progresses, so if you're unsure whether you qualify, ask directly rather than assuming either way.
Yes. The structure supports both individual accredited investors and entity participants including DAOs and corporate treasuries. The onboarding flow handles entity documentation. If you're a DAO treasury looking for non-correlated, productive yield deployment, the institutional documentation is built for that use case.
The vault minimum hasn't been published yet. The marketplace operates at lower ticket sizes. If you're planning an allocation, join the waitlist — the onboarding flow will give you current parameters once deposits open.
For the Boring Yield Index vault, yes — USDC deposit and yield receipt require a wallet. Privy handles the wallet onboarding and removes most of the friction for people without prior crypto experience. You don't need to understand how wallets work at a technical level to use it.
DualMint doesn't provide tax advice and this answer isn't a substitute for it. That said: yield from DualMint is cash flow from physical assets structured through a BVI SPC. How it's treated depends on your jurisdiction and entity type. Most jurisdictions treat regular income distributions differently from capital gains. Talk to a tax adviser who knows both crypto income and foreign-entity distributions.
The marketplace has been operating since May 2025 with 12 consecutive verified distributions. Smart contract audits for the Boring Yield Index vault are scheduled before launch — the contracts don't go live without them. That's the honest current state. The audit reports will be published when they're complete.
Still have questions? The best way to get a direct answer is to join the waitlist and ask through the onboarding flow.