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
Utilize a single application to lend, borrow, swap, and bridge your cryptocurrency seamlessly. By pre-staking your STRK, you can leverage your nstSTRK across Starknet, Ethereum Layer 1, and various Layer 2 solutions. Maximize your crypto returns by engaging in lending and borrowing activities against your collateral. Effortlessly exchange your cryptocurrency through AVNU to secure the most favorable rates. You can also deposit your assets into liquidity pools to generate income from swap fees and yield. Transfer your crypto swiftly and securely between Starknet and over 20 additional blockchains with ease. The Nostra market provides a safe environment for lending and borrowing your crypto without relying on a trusted intermediary. Simply deposit your assets to start earning interest on your loans. Manage the risk associated with borrowing exotic assets by isolating them from your other investments. The potential loss that liquidators can inflict is capped based on how much your position is in deficit. Liquidations can take place without the need for liquidators to immediately clear the debt. Protect your collateral from being borrowed to reduce liquidity risks. Additionally, you can safeguard your assets across as many as 255 multi-accounts without the hassle of maintaining separate private keys, giving you further control over your investments. This integrated approach simplifies crypto management while enhancing security and profitability.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
Bitcoin
AVNU
Aave
Argent
Avalanche
Binance
Braavos Wallet
Compound
Ethereum
Polygon
Integrations
Bitcoin
AVNU
Aave
Argent
Avalanche
Binance
Braavos Wallet
Compound
Ethereum
Polygon
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
Ducat Protocol
Founded
2000
Country
United Kingdom
Website
ducatprotocol.com
Vendor Details
Company Name
Nostra
Website
nostra.finance/