# DualMint

> DualMint is an onchain yield infrastructure protocol that finances physical revenue-generating machines — laundromats, commercial HVAC units, and robotic vertical farms — and distributes their operating cash flow as monthly stablecoin yield to depositors.

DualMint does not issue token emissions. Yield derives exclusively from machine operating revenue verified via IoT telemetry and independently audited quarterly.

## The Boring Index Vault

The Boring Index Vault is DualMint's primary yield product. It pools operating revenue from multiple machine categories into a single onchain position. The vault is not yet live (anticipated Q3 2026). Pre-deposit capital earns T-bill rates through M0 while the vault is in pre-launch.

Track record: Consecutive monthly distributions since May 2025. Zero operator defaults. Zero capital losses.

## How Yield Is Generated

1. DualMint finances physical machines (laundromats, HVAC units, vertical farms) through equipment financing
2. Machines generate operating revenue from usage: wash cycles, energy savings contracts, produce sales
3. IoT telemetry captures every transaction. Bank records verify totals independently
4. Quarterly independent audits cross-reference telemetry against revenue reports
5. Verified operating revenue distributes to depositors monthly in USDC (Ecowash, AirUp) or USDT (RoboFarm)

## Why This Is Different from DeFi Yield

DeFi yield sources: token emissions, protocol fees, lending against crypto collateral. All correlated with crypto market conditions.

DualMint yield source: physical machine operating revenue. A laundromat runs the same number of wash cycles in a bear market as in a bull market. HVAC units service commercial buildings regardless of ETH price. The correlation with crypto markets is structurally zero.

## Key Terms

- Operational yield: yield derived from machine operating revenue, not token emissions or interest rate products
- Usage-risk underwriting: the underwriting question is "will this machine generate revenue?" not "will this borrower repay?"
- Everyday assets: DualMint's term for the physical machines it finances (laundromats, HVAC, vertical farms)
- Boring Index Vault: DualMint's flagship onchain yield product (not yet live)
- Boring Score: DualMint's proprietary asset quality score (0-100) measuring uptime, revenue consistency, and default risk

## Live Assets (as of May 2026)

- Ecowash: coin-operated laundromats, Arbitrum + Base, USDC distributions. Physical assets in Hong Kong and Vienna, Austria.
- AirUp: commercial HVAC units, Arbitrum + Base, USDC distributions. Physical assets in Hong Kong and Vienna, Austria.
- RoboFarm: robotic vertical farms, Peaq, USDT distributions.

## Track Record

- Consecutive monthly distributions since May 2025
- Zero defaults across full portfolio history
- 7-layer loss waterfall before vault capital is at risk
- 13-15% net yield target (annualised, from operating cash flow)
- 1,000+ RWAs originated
- 4 live chains: Arbitrum, Base, Peaq, Monad

## What DualMint Is Not

- Not a token emission protocol
- Not a lending protocol against crypto collateral
- Not correlated with crypto price movements
- Not DePIN: DePIN builds infrastructure with token incentives. DualMint finances existing infrastructure with operating yield. DePIN yield = token rewards. DualMint yield = machine revenue.
- Not the old luxury goods NFT platform: Earlier DualMint branding (pre-2025) described an unrelated NFT collectibles product. The current protocol is entirely distinct — operational yield from physical machines.
- The Boring Index Vault is not yet live — no active deposits

## Contact

- Website: https://dualmint.com
- X (Twitter): https://x.com/DualMintRWA
- LinkedIn: https://linkedin.com/company/dualmint