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Description
A comprehensive management application for decentralized finance simplifies the process by automatically adjusting your position to maintain a specific ratio, safeguarding it from liquidation while enabling leverage adjustments in response to market fluctuations. With user-friendly features like Boost and Repay, you can effortlessly increase leverage or settle debts through a single transaction. Additionally, you can convert your collateral or borrowed assets, or seamlessly migrate your position to an entirely different protocol all within one transaction. The Smart Savings feature provides quick access to top lending interest rates across various prominent DeFi protocols. Furthermore, liquidity for ETH and Dai is aggregated from a range of decentralized exchanges, allowing you to manage multiple popular DeFi protocols from one unified application. The app also supports various wallet options, including MetaMask, hardware wallets, and mobile wallets, ensuring a versatile experience for users. This makes it an essential tool for anyone looking to navigate the DeFi landscape efficiently and effectively.
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
API Access
Has API
Screenshots View All
No images available
Integrations
Base App
Bitcoin
Ethereum
Fortmatic
Ledger
Liquity
MetaMask
Trezor
WalletConnect
WalletLink
Integrations
Base App
Bitcoin
Ethereum
Fortmatic
Ledger
Liquity
MetaMask
Trezor
WalletConnect
WalletLink
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Decenter
Founded
2017
Country
Serbia
Website
defisaver.com
Vendor Details
Company Name
Ducat Protocol
Founded
2000
Country
United Kingdom
Website
ducatprotocol.com