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What is Syscoin?

A community dedicated to open-source development is committed to improving Bitcoin's scalability, particularly in relation to its proof-of-work security, to meet global demands and adapt to new applications, while also honoring the core principles upon which Bitcoin was built. Over the past ten years since its mainnet debut, Syscoin has established itself as a frontrunner in providing a resilient network and protocol designed for projects aiming to leverage Bitcoin Layer 2 solutions. As a Bitcoin Layer 2 operating directly on the mainnet, Syscoin implements a data availability protocol that facilitates the deployment of EVM and AltVM rollups on the Bitcoin blockchain. By being merge-mined by a substantial portion of Bitcoin's hash rate, Syscoin effectively ties these rollups to the reliability of Bitcoin's proof-of-work system, allowing for a smooth integration with the existing sequencer frameworks of these rollups. Furthermore, Syscoin offers a scalable data availability layer crucial for rollups and other EVM or AltVM platforms, enabling them to connect to Bitcoin’s network in a secure and efficient manner. This pioneering strategy not only increases Bitcoin’s functionality but also solidifies its role in the rapidly changing world of cryptocurrencies, paving the way for future innovations and broader adoption. As such, Syscoin is not only a participant in the ecosystem but also an influential driver of Bitcoin's ongoing evolution.

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
Allnodes
Ankr
Cartesi
Chainge Finance
DEX Screener
Ethereum
FOX Wallet
MetaMask
Polyhedra
Sentry
StakeCube

Integrations Supported

Bitcoin
Allnodes
Ankr
Cartesi
Chainge Finance
DEX Screener
Ethereum
FOX Wallet
MetaMask
Polyhedra
Sentry
StakeCube

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

Syscoin

Company Location

Canada

Company Website

syscoin.org

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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Popular Alternatives

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