⚠️Disclaimer

This document is provided solely for informational purposes. It does not constitute an offer to sell, or the solicitation of an offer to buy, any security or other financial instrument in any jurisdiction. Nothing contained herein should be interpreted as legal, tax, investment, accounting, regulatory, or other professional advice. Recipients are advised to consult their own advisors regarding any legal, financial, tax, or other matters relevant to their individual circumstances.

Certain statements in this document may constitute forward-looking statements. These statements are generally identifiable by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “project”, “forecast”, or other similar expressions. All such statements reflect the current views of the authors with respect to future events and are subject to various risks, uncertainties, and assumptions. Actual results, performance, or achievements may differ materially from those expressed or implied by such forward-looking statements. No assurance is given that any of the plans, intentions, or expectations expressed or implied in this document will be realised.

Forward-looking statements are valid only as of the date they are made. Ducat expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, unless required by applicable law.

The Ducat Protocol and its associated systems, including the UNIT token and DUCAT governance token, remain under active development. Accordingly, the contents of this document, including all protocol specifications, features, and operational mechanics, are subject to change. Nothing in this document should be construed as representing the final design, functionality, or guarantees of the protocol.

UNIT is an experimental, overcollateralised algorithmic stablecoin soft-pegged to approximately one US dollar. Its stability depends on dynamic market forces, including UNIT supply, UNIT demand, and the overcollateralisation ratio of Bitcoin held in protocol vaults. There is no guarantee that UNIT will maintain its target peg under all or even most conditions.

If the Ducat Protocol fails to maintain equilibrium between UNIT supply and demand, or if the system suffers from unforeseen vulnerabilities, the value of UNIT may experience significant volatility or de-pegging. Additionally, DUCAT governance tokens may become worthless in part or in full.

The DUCAT token is not intended to be offered, sold, or distributed to any U.S. persons, or in any jurisdiction where such offer, sale, or distribution would be unlawful. The Protocol reserves the right to restrict participation in accordance with applicable laws and regulations.

Participation in the Ducat Protocol is entirely at your own risk. By engaging with the Protocol or any of its components, you acknowledge that you understand and accept the experimental nature of the system, and that you may incur substantial or total loss of value.