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

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

Screenshots View All

Integrations

Bitcoin Yes 

Integrations

Bitcoin Yes 

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

Product Features

Product Features

Alternatives

Alternatives

TAPSIGNER Reviews

TAPSIGNER

Coinkite
Bitkey Reviews

Bitkey

Block, Inc.
Leather Reviews

Leather

Leather Wallet