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What is Leather?

Leather Wallet is a next-generation Bitcoin wallet purpose-built for earning yield through sBTC rewards, stacking, and integrated DeFi protocols. Unlike custodial platforms, it is fully open-source and non-custodial, ensuring users retain complete control over their assets while accessing a broad range of yield-generating opportunities. With historical yields of 5–8% for sBTC and 6–10% for pooled or liquid stacking with STX, it provides reliable pathways for Bitcoin holders to grow their holdings. Beyond stacking, Leather integrates directly with Stacks-based DeFi protocols, offering access to trading, lending, liquidity, and synthetic assets. These include ALEX for swaps and lending, Bitflow for cross-protocol liquidity, Granite for stablecoin borrowing, Hermetica for synthetic dollars, Velar for trading and launchpads, and Zest Protocol for overcollateralized loans and yield farming. Available on both browser extension and mobile apps, Leather delivers a unified experience across platforms, making it easy for users to engage wherever they are. Educational guides, walkthroughs, and developer documentation help newcomers and builders alike make the most of the ecosystem. With support for advanced features like pool administration and independent stacking, it caters to both casual users and power users. Built by Trust Machines, Leather combines transparency, scalability, and user empowerment. It’s more than a wallet—it’s a gateway to Bitcoin’s expanding DeFi and yield landscape.

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.

Media

Media

No images available

Integrations Supported

Bitcoin
ALEX
Arkadiko
Brave Browser
Clarinet
Gamma
Google Chrome
Ledger
Lightning Network
Mozilla Firefox
Ordinals
Stacks
Stacks.js
TradePort

Integrations Supported

Bitcoin
ALEX
Arkadiko
Brave Browser
Clarinet
Gamma
Google Chrome
Ledger
Lightning Network
Mozilla Firefox
Ordinals
Stacks
Stacks.js
TradePort

API Availability

Has API

API Availability

Has API

Pricing Information

Free
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

Leather Wallet

Date Founded

2021

Company Location

United States

Company Website

leather.io

Company Facts

Organization Name

Ducat Protocol

Date Founded

2000

Company Location

United Kingdom

Company Website

ducatprotocol.com

Categories and Features

Categories and Features

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