TOKENPOST
1 min read
Add as a preferred source on Google

Ducat's Bitcoin Lending Protocol Is Live in Closed Mainnet Alpha

Invited users can borrow UNIT or USDC against BTC held in noncustodial vaults.

By Simon Yoon
Published
Mentioned assets
A brass key sits in the lock of a steel vault. / TokenPost.ai
A brass key sits in the lock of a steel vault. / TokenPost.ai

Ducat's Bitcoin lending protocol is available to invited users in a closed mainnet alpha, offering a way to borrow stablecoins against Bitcoin (BTC) held in noncustodial vaults.

Users can put BTC up as collateral for UNIT, a Bitcoin-backed dollar stablecoin, or USDC. Ducat's protocol is built on Bitcoin's base layer and is designed to operate without cross-chain bridges or layer-2 networks.

The current access is invitation-only, making the alpha a limited testing phase rather than an unrestricted public rollout. Hivemind Capital and UTXO Management are among Ducat's backers.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…