Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Maintain your dollarized account in the cloud and start accumulating daily interest, ensuring your savings are always accessible. Forget the days of hiding cash "under the mattress" with our straightforward and secure platform designed for your convenience. Embrace dollarization and begin your journey to earning interest today, while also finding peace of mind knowing your savings are in a reliable place. This platform offers a collateralized digital asset that behaves similarly to the dollar, specifically DAI, a stablecoin that aims to maintain its value by being pegged to the US dollar. Each week, our dedicated team of experts produces insightful articles aimed at enhancing your understanding of the cryptocurrency landscape, empowering you to make informed decisions. We cover a variety of essential topics in decentralized finance, crypto security, and wallet management on a monthly basis, ensuring we provide valuable information that strengthens our connection with users and enlightens their journey in the crypto world. By prioritizing education and transparency, we aim to help you navigate this evolving financial ecosystem with confidence.
Description
Ducat is a Bitcoin-native lending and stablecoin protocol that enables users to borrow against BTC without transferring custody to a centralized lender. The protocol places Bitcoin into a 2-of-2 Taproot vault and allows borrowers to mint UNIT or receive USDC against the value of their collateral. Loan creation, redemptions, liquidations, and other core mechanics are enforced through Bitcoin transactions and Script rather than through an external blockchain or Layer 2 network. Borrowers can select different collateral ratios based on their preferred risk level and can borrow up to 62.5% of the BTC value held in a vault. Ducat charges a one-time 7% minting fee and does not charge ongoing interest on the loan. A dashboard shows collateral ratios, liquidation prices, BTC price updates, and vault health so users can monitor and manage their borrowing positions. UNIT is a dollar-pegged stablecoin backed by overcollateralized Bitcoin and can be transferred through the protocol's ecash layer or exchanged for USDC. The protocol also includes a liquidation system in which participants can recapitalize undercollateralized vaults and receive discounted BTC. Ducat states that every vault and loan can be independently verified on Bitcoin and that the system can operate without custodians, bridges, or wrapped BTC. Ducat is intended for Bitcoin holders, BTC-focused investors, and decentralized finance users seeking non-custodial access to dollar-denominated liquidity.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
Binance
Yes
Bitcoin
No
Bitso
Yes
Decrypto
Yes
Qubit
Yes
Ripio
Yes
SatoshiTango
Yes
Integrations
Binance
No
Bitcoin
Yes
Bitso
No
Decrypto
No
Qubit
No
Ripio
No
SatoshiTango
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Buenbit
Founded
2017
Country
Argentina
Website
www.buenbit.com
Vendor Details
Company Name
Ducat Protocol
Founded
2000
Country
United Kingdom
Website
ducatprotocol.com