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Description
DAppChain serves as a sidechain initiative for TRON, aimed at enabling decentralized applications (DApps) to function with reduced energy usage, increased speed, and improved security, which in turn enhances the overall capacity of TRON's primary network. Utilizing the same Delegated Proof of Stake (DPoS) consensus mechanism as its mainchain, the sidechain facilitates smart contracts and encompasses nearly all functionalities found on the mainchain. TRON users can seamlessly transition to this sidechain, while developers are afforded the opportunity to swiftly migrate existing DApps or create new ones on the platform. DAppChain is dedicated to offering all participants within its ecosystem a highly adaptable, thoroughly configured, and extensively customizable network of various sidechains. This flexibility sets each sidechain apart from the main chain, allowing for significantly lower resource consumption. Notably, the resource costs associated with transactions on the sidechain are merely a small fraction of those incurred on the primary chain, making it a more economical option for users. Consequently, this innovative approach not only enhances efficiency but also encourages a broader adoption of DApps within the TRON ecosystem.
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
API Access
Has API
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Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
TRON SUN Network
Founded
2017
Country
United States
Website
tron.network/sunnetwork/
Vendor Details
Company Name
Ducat Protocol
Founded
2000
Country
United Kingdom
Website
ducatprotocol.com