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What is Ducat Protocol?

Ducat is a Bitcoin Layer 1 credit protocol that allows users to borrow dollar-pegged assets against their BTC while retaining non-custodial control of the collateral. Borrowers lock Bitcoin into a 2-of-2 Taproot vault and can receive either UNIT or USDC without bridging or wrapping their BTC. The protocol's loan logic, vault creation, liquidation rules, and redemptions are enforced through Bitcoin transactions and Bitcoin Script. Ducat lets users choose a collateral ratio based on their risk tolerance and supports borrowing up to 62.5% of the BTC value deposited in a vault. Instead of charging recurring interest, the protocol applies a one-time 7% minting service charge when UNIT is issued. Borrowers can repay at any time and redeem their Bitcoin, with the protocol stating that BTC redemption can occur within a single Bitcoin block. UNIT is a dollar-pegged stablecoin backed by overcollateralized BTC and issued directly on Bitcoin Layer 1. The protocol also supports USDC conversion for users who prefer external dollar liquidity rather than holding UNIT. Position management tools provide collateral tracking, liquidation-price monitoring, real-time BTC price updates, and dynamic health indicators from a central dashboard. If a vault falls below the protocol's collateral threshold, third parties can participate in liquidations by recapitalizing the position and receiving BTC at a discount. Ducat is designed for Bitcoin holders, digital asset investors, institutions, and decentralized finance users who want Bitcoin-backed liquidity while keeping borrowing activity anchored to the Bitcoin base layer.

What is Dotswap?

Dotswap serves as a decentralized exchange developed on the Bitcoin network, facilitating effortless and trustless exchanges of multiple token standards such as BRC20, Runes, ARC20, and CAT20 directly on Bitcoin's Layer 1. Utilizing an Automated Market Maker (AMM) framework combined with Partially Signed Bitcoin Transactions (PSBTs), Dotswap enables instantaneous, fully on-chain atomic swaps, thereby removing the need for conventional deposit and withdrawal methods. Users can contribute BTC and BRC20 tokens to liquidity pools, earning trading fees while enhancing the market's overall liquidity. All assets are securely stored in multi-signature wallets, ensuring complete reserve backing for all transactions. The governance token, $DSWP, employs a veToken model, allowing holders to lock their tokens in exchange for voting rights and participation in the DAO’s decision-making processes. Beyond its trading capabilities, Dotswap offers a wide variety of additional tools, including minting and etching for Runes, as well as a launchpad for new projects, positioning itself as a holistic DeFi hub focused on Bitcoin-based assets. This all-encompassing strategy is designed to draw in a diverse audience eager to explore the opportunities within the decentralized finance ecosystem of Bitcoin. As the platform evolves, it aims to expand its features further, enhancing user engagement and fostering innovation in the space.

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Media

Integrations Supported

Bitcoin
Bitget Wallet
Fractal
Liquidium
Magic Eden
Mempool
OKX
UniSat Wallet
Wallet of Satoshi
Xverse

Integrations Supported

Bitcoin
Bitget Wallet
Fractal
Liquidium
Magic Eden
Mempool
OKX
UniSat Wallet
Wallet of Satoshi
Xverse

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Ducat Protocol

Date Founded

2000

Company Location

United Kingdom

Company Website

ducatprotocol.com

Company Facts

Organization Name

Dotswap

Date Founded

2023

Company Location

United States

Company Website

www.dotswap.app/

Categories and Features

Categories and Features

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