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Description

Introducing the inaugural non-custodial mobile wallet and peer-to-peer marketplace, dedicated to decentralized stablecoins. Effortlessly trade cryptocurrencies from the Bitcoin, RSK, and Ethereum ecosystems with nearby users, utilizing geolocation features! No prior experience in cryptocurrency is necessary; setting up your wallet is completely free and will remain so indefinitely. Your funds are always at your disposal, with no one but you having access to them. You can establish your wallet and acquire crypto within seconds, making it the first wallet compatible with Bitcoin, RSK, and Ethereum. Your cryptocurrency is strictly yours, allowing you the freedom to transfer them wherever and whenever you choose. Within the app, you can exchange crypto seamlessly, without the need for intermediaries. You can hold your Dollar on Chain (DOC) alongside your DAIs, all while maintaining parity with the dollar. Defiant empowers you to oversee your finances in a decentralized manner, with absolutely no institutions involved, not even us having access to your crypto. Additionally, you have the option to create a new wallet or effortlessly import an existing one into the application, ensuring you have complete control and flexibility over your digital assets. With Defiant, managing your financial future has never been easier or more secure.

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

Bitcoin Yes 
Ethereum Yes 
Maker Yes 
Mesh Yes 
RSK Yes 
Uniswap Yes 

Integrations

Bitcoin Yes 
Ethereum No 
Maker No 
Mesh No 
RSK No 
Uniswap 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 No 
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

Defiant

Founded

2019

Website

defiantapp.tech/home/

Vendor Details

Company Name

Ducat Protocol

Founded

2000

Country

United Kingdom

Website

ducatprotocol.com

Product Features

Product Features

Alternatives

Alternatives

Leather Reviews

Leather

Leather Wallet