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Ducat Protocol
Ducat Protocol is a Bitcoin L1-native credit and stablecoin protocol. It enables BTC holders to borrow UNIT or USDC against non-custodial Bitcoin vaults while retaining custody of their BTC.
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UNIT
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Description
UNIT is a BTC-backed collateralised debt position (CDP) designed to be softly pegged to the US dollar. It provides overcollateralised BTC-backed lending with a targeted collateralisation ratio of 135–160%. Its price-stability mechanism uses decentralised liquidation auctions to recapitalise distressed vaults.Category: Stablecoin Issuance