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Average Ratings 0 Ratings
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.
Description
Frax operates as an open-source, permissionless protocol that is fully integrated on-chain, currently functioning on Ethereum and several other blockchain networks. The primary objective of the Frax protocol is to develop a highly scalable and decentralized form of algorithmic currency to replace fixed-supply digital assets such as Bitcoin. This innovative approach represents a significant shift in the design of stablecoins. While many existing stablecoin protocols have rigidly adhered to either being fully collateralized or entirely algorithmic without any backing, Frax introduces a hybrid model. Traditional collateralized stablecoins often face custodial risks or necessitate overcollateralization on-chain. In contrast, Frax uniquely combines both backed and algorithmic components in its supply, establishing itself as the first stablecoin to feature a portion of its supply as floating or unbacked. This duality not only enhances the stability of the currency but also paves the way for a more dynamic and adaptable financial ecosystem.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
Aave
No
Arbitrum
No
BNB Smart Chain (BSC)
No
Binance
No
Curve Finance
No
Exponential DeFi
No
Fantom
No
Gate.io
No
HitBTC
No
Matcha
No
Integrations
Aave
Yes
Arbitrum
Yes
BNB Smart Chain (BSC)
Yes
Binance
Yes
Curve Finance
Yes
Exponential DeFi
Yes
Fantom
Yes
Gate.io
Yes
HitBTC
Yes
Matcha
Yes
Pricing Details
No price information available.
Free Trial
Yes
Free Version
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
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
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
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Ducat Protocol
Founded
2000
Country
United Kingdom
Website
ducatprotocol.com
Vendor Details
Company Name
Frax
Founded
2019
Country
Cayman Islands
Website
frax.finance/