Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

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

Our Bitcoin custody solutions offer insurance that fully covers the value of your assets against theft, loss, and even collusion, eliminating the need for blind faith in Knox. We have designed our services to prevent any potential wrongdoing, ensuring our sole focus remains on providing top-notch warehousing solutions. After extensive research and development, we have successfully tackled the challenges of collusion-resistant private key management, effectively isolating critical risks. However, it is crucial to understand that the intricacies of insurance can be misleading; many policies that claim to cover Bitcoin theft and loss often fall short, creating a false sense of security. Each Knox custody account is insurable for the entire value of its holdings, with insurance limits strictly assigned to individual client accounts. We provide signed certificates that confirm our insurance commitments, catering specifically to CFOs and executive teams seeking to incorporate Bitcoin into their corporate treasury. Regardless of whether you run a small business or a large publicly traded company, we are dedicated to facilitating efficient purchases and secure custody of Bitcoin for all our clients. Our commitment to transparency and security ensures that your investments are protected at every level.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

No images available

Screenshots View All

Integrations

Bitcoin Yes 

Integrations

Bitcoin No 

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 Yes 
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 No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Ducat Protocol

Founded

2000

Country

United Kingdom

Website

ducatprotocol.com

Vendor Details

Company Name

Knox Custody

Founded

2017

Country

Canada

Website

www.knoxcustody.com

Product Features

Product Features

Alternatives

Alternatives

Leather Reviews

Leather

Leather Wallet