Bitcoin-backed credit is coming to @trondao.
Ducat’s integration will let users move UNIT to TRON as wUNIT and swap it for USDT.
Your BTC stays on Bitcoin. The dollars you borrow against it can move across TRON’s stablecoin ecosystem.
Read the announcement below 👇
A bull market can be a great time to borrow against your Bitcoin.
If Bitcoin goes up, you can borrow more while keeping the same collateral ratio.
With Ducat, it’s 0% APR for the life of your loan.
Borrow against your Bitcoin using MetaMask.
Ducat users can now deposit BTC on Bitcoin and receive USDC on EVM, all through one unified wallet.
Your collateral stays in a vault on Bitcoin L1. You can access dollar liquidity on EVM without selling your Bitcoin, wrapping your BTC, or switching wallets.
The Ducat Snap is now live in the MetaMask Snaps Directory.
BTC did more than pump 23% over the past seven days.
It made every Ducat borrowing position healthier.
In those vaults, the UNIT balance stayed the same while becoming 18.8% smaller relative to the BTC backing it.
A vault at Ducat's 160% minimum collateral ratio seven days ago would sit at roughly 197% today.
Another way to say it is a Ducat user could add about 23% more debt and remain at the same ratio.
That is roughly 231 UNIT of new borrowing room for every 1,000 UNIT borrowed.
All of this potential and 0% ongoing interest.
Ducat gives borrowers dollar liquidity while keeping the upside on their Bitcoin.
Self-custody protects your Bitcoin. It doesn't protect your data.
Ducat now runs a warrant canary, signed today against block 961,197. Zero requests for information from anyone, government agencies included.
Re-signed every 60 days. Silence means assume the worst.
Ducat Mainnet Alpha is expanding ⚡
Phase 1 filled immediately. Real users, real BTC, real loans on Bitcoin L1.
Now we're opening more spots. Entry is still capped and invite only.
Alpha users earn boosted Quanta every day their vault is active.
Join our Discord, head to the redeem-code channel, and open a ticket to request access.
Link in bio.
Your keys. Your coins. Your credit. Only with Ducat.
Welcome to Mainnet Alpha.
Today we open the doors to our first users on mainnet.
Spaces for the closed alpha filled immediately.
If you were selected for the first group, you are part of an important moment for Bitcoin.
Credit markets and stablecoins, native to L1.
The next wave is coming.
Godspeed 🚀
Happy Mainnet Alpha Week!
After two years of building, this week we'll be accepting our first Ducat users on Mainnet.
Building on L1 is hard. No smart contracts, no project before us to learn
from. Every day we've been breaking ice and innovating.
But the opportunity is so massive it was worth it. Over $1T of idle capital, waiting for a platform like Ducat to finally access dollar liquidity and yield against their BTC without relying on an external chain.
Bitcoin native credit markets will change how people use Bitcoin forever.
Initially this is a closed alpha, so spaces are limited and demand is high.
Alpha users will be rewarded for being early supporters.
To take part, turn notifications on, we'll be sharing more details soon.
Godspeed 🚀
With Ducat, loan state is written into Bitcoin transactions.
Redemption and liquidation are enforced by Bitcoin Script.
Ducat gives Bitcoiners credit without compromising the reason they hold Bitcoin in the first place.
Mainnet Closed Alpha coming soon.
Invite only.
Ducat is about to bring the entire credit stack to Bitcoin L1.
Vaults, loans, stablecoin issuance, redemption and liquidations.
All enforced and verifiable on Bitcoin L1.
Mainnet Closed Alpha coming soon.
Support Ducat. Earn Quanta. Invite only.