For each Liquidation the protocol makes roughly a 15% of the total value of the vault at the time of liquidation
This profit is all transparently routed to the Reserve address.
You can track the real time profitability of Ducat in the following link: https://t.co/OgDg3XEb6N
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1/ Ducat is building the first credit market native to Bitcoin L1. Many protocols let you borrow against BTC. But the system that issues the debt, tracks the loan, and clears liquidations always lives off Bitcoin. Ducat brings credit markets to Bitcoin itself. 🧵
🔥 @Ducatstable joins CMC Labs to bring non-custodial Bitcoin credit to the world’s largest digital asset.
Built natively on Bitcoin L1, Ducat lets users access BTC-backed stablecoin loans without selling, wrapping, or surrendering custody of their Bitcoin, with loan terms enforced by Bitcoin Script.
Full details 👉 https://t.co/Vawc0O0q3u
(CMC Labs: Partnership)
Kraken just became the first crypto company in history to get a Federal Reserve master account.
Direct access to Fedwire & FedNow. The same payment rails every bank in America uses.
Here's what it means.