From TokenPost · · 40s
Ducat Bitcoin Lending Protocol Live
Ducat's Bitcoin lending protocol now live in closed mainnet alpha for invited users.
In brief
Ducat's Bitcoin lending protocol now live in closed mainnet alpha for invited users. Ducat's Bitcoin lending protocol is available to invited users in a closed mainnet alpha, allowing borrowing stablecoins against BTC held in noncustodial vaults. Originally reported by TokenPost.
Ducat Protocol Live
Ducat's Bitcoin lending protocol is available to invited users in a closed mainnet alpha.
Collateral Options
Users can put BTC up as collateral for UNIT or USDC, a bitcoin-backed dollar stablecoin.
Protocol Design
Ducat's protocol operates on bitcoin's base layer without cross-chain bridges or layer-2 networks.
Here's the gist
Ducat's Bitcoin lending protocol is available to invited users in a closed mainnet alpha, allowing borrowing stablecoins against BTC held in noncustodial vaults.
