Average Ratings 0 Ratings
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
Opendime is a compact USB device that enables you to use Bitcoin in a way similar to cash. You can easily transfer it to others, and by connecting it to any USB port, you can view the current balance. At any moment, you have the option to unseal it for online transactions, ensuring that you do not have to place your trust in anyone else. It functions like a read-only USB drive and is compatible with all computers, laptops, and smartphones. Inside, you'll find a QR code and text files that provide your Bitcoin address along with useful information. When you give an Opendime to someone, they can rest assured that you cannot reclaim the funds later, as the private key resides solely within the device. This key is generated internally and remains unknown to anyone, including yourself. This is the essence of physical Bitcoin: simply hand it over, and the recipient possesses it fully. You can pass it on multiple times, making transactions as effortless as a handshake. Without any miner fees or confirmation delays, Opendime allows for seamless exchanges. While the Bitcoin landscape evolves rapidly, Opendime is anchored in the core principles of Bitcoin that have remained constant for the past five years, solidifying its value as a reliable tool for digital currency. Furthermore, its user-friendly design makes it accessible for both novices and seasoned Bitcoin users.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Pricing Details
No price information available.
Free Trial
Yes
Free Version
Yes
Pricing Details
$69 one-time payment
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
Opendime
Country
United States
Website
opendime.com