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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

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

Product Features

Product Features

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