DUCAT || UNIT
  • Welcome
  • 🪙DUCAT
    • The Ducat Protocol
    • Utility
  • 1️Unit
    • Philosophy
    • Competitors
  • 💠How DUCAT works
    • Technical Overview
    • Vaults
    • Inscriptions Registries
    • Inscription Smart Contracts
    • Multi-Party Computation (MPC) Network
    • Oracles
  • 📊Liquidations
    • Basic Mechanics
    • Decentralised Liquidation Auctions
      • Example
    • The Rolling Debt Auction
      • Examples
    • Liquidators' Incentives
  • 🏦Programatic Reserve
    • Failsafe Reserve UNIT Buyback System
  • 📩Governance
    • Governance
    • Upgradeability
  • 🤝Partnerships
    • Bitflow
  • ⚠️Disclaimer
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Welcome

DUCAT || UNIT is the first Bitcoin L1-native, decentralised stablecoin.

Last updated 6 months ago

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.

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DUCAT

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UNIT

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HOW DUCAT WORKS

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LIQUIDATIONS

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PROGRAMMATIC RESERVE

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GOVERNANCE