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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
NFTX serves as a platform designed to establish liquid markets for Non-Fungible Tokens (NFTs) that may otherwise lack liquidity. Users can place their NFTs into an NFTX vault and subsequently mint a fungible ERC20 token, known as a vToken, which grants them a claim on a randomly selected asset from within that vault. Additionally, vTokens can be redeemed for specific NFTs housed in a vault. The process of creating vaults is open to anyone and can accommodate any NFT asset on the Ethereum network. Once a vault is established, it becomes possible for users to deposit eligible NFTs in order to mint a fungible NFT-backed token, known as an "vToken", which represents a 1:1 claim on a random NFT contained in that vault. While the Mask vault permits the deposit of any Hashmask, other vaults may operate with an eligibility list that restricts deposits to a certain sub-category of NFTs. This flexibility enables a diverse array of NFTs to find liquidity through the NFTX platform, catering to both creators and collectors seeking to engage with the NFT market.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
Base App
No
Bitcoin
Yes
Cactus Custody
No
DeepDAO
No
Ethereum
No
MetaMask
No
Parsec
No
Portis
No
WalletConnect
No
Integrations
Base App
Yes
Bitcoin
No
Cactus Custody
Yes
DeepDAO
Yes
Ethereum
Yes
MetaMask
Yes
Parsec
Yes
Portis
Yes
WalletConnect
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
NFTX
Website
nftx.io