Virtual Chain
DUCAT
Bitcoin-Native Stablecoin.
About DUCAT
Ducat Protocol
Ducat Protocol and its stablecoin UNIT will be the first overcollateralised primitive for Bitcoin-native DeFi, managed BTC-natively via the DUCAT token.
Recent innovations in Bitcoin programmability have enabled BTC-Fi to begin closing the gap between Bitcoin and its EVM competitors. This allows for the possibility of a stablecoin backed by native BTC for the first time; hence, UNIT, the stablecoin managed by DUCAT, is over 150% collateralised with BTC.
Bitcoin Runes will tokenise Ducat, and governance will be enabled via zero-knowledge proof circuits memorialised on Bitcoin ordinal inscriptions.
Ducat x Near
NEAR’s chain signatures enables UNIT to scale across the broader DeFi ecosystem. This integration brings us one step closer to becoming a cornerstone of decentralized finance.
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