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UNIT

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Category: Stablecoin Issuance

Ducat Protocol

Ducat Protocol provides non-custodial, Bitcoin-native borrowing through 2-of-2 Taproot vaults. Users deposit BTC, borrow the dollar-pegged UNIT stablecoin or USDC, and can repay to redeem their BTC; vault, loan, and liquidation logic is enforced by Bitcoin Script. UNIT is an overcollateralized BTC-backed stablecoin issued on Bitcoin L1, with transfers supported through an ecash layer and 1:1 USDC conversion.
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Funding Rounds

Funding Round: Public Sale
Funding Date: 1 May, 2025
Raised Amount: $1.5M
Funding Round: Pre-Seed
Funding Date: 1 Aug, 2024
Raised Amount: $1.3M

Investors