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What is Opendime?

Opendime is a small USB device that allows you to utilize Bitcoin similarly to cash. It is straightforward to transfer to others, and by plugging it into any USB port, you can conveniently check the balance. At any time, the device can be unsealed for online transactions, which means you don't have to rely on anyone else's trust. Acting like a read-only USB stick, it works seamlessly with all computers, laptops, and smartphones. Inside the device, there is a QR code along with text files that detail your Bitcoin address and other pertinent information. When you hand an Opendime to someone, they can be confident that the funds cannot be reclaimed, as the private key is securely contained within the device itself. This key is generated internally and is completely unknown to anyone, including the original owner. This concept embodies the true nature of physical Bitcoin: simply give it away, and the recipient fully owns it. The device can be transferred multiple times, allowing transactions to occur as smoothly as a handshake. With no miner fees or delays in confirmation, Opendime facilitates effortless exchanges. As the Bitcoin ecosystem changes quickly, Opendime remains rooted in the fundamental principles of Bitcoin that have persisted for over five years, reinforcing its status as a dependable asset for digital currency enthusiasts. Additionally, its intuitive design makes it approachable for both beginners and experienced Bitcoin users alike, enhancing its appeal in the evolving digital 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

Integrations Supported

Bitcoin

API Availability

API Availability

Pricing Information

$69 one-time payment

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Documentation Hub

Training Options

Not specified

Company Facts

Organization Name

Opendime

Company Location

United States

Company Website

opendime.com

Company Facts

Organization Name

Ducat Protocol

Date Founded

2000

Company Location

United Kingdom

Company Website

ducatprotocol.com

Categories and Features

Cold Wallets

Not specified

Categories and Features

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