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Ducat Protocol is a Bitcoin L1-native, non-custodial credit protocol that lets users lock BTC in 2-of-2 Taproot vaults and borrow UNIT or USDC without selling their Bitcoin. Its UNIT stablecoin is overcollateralized by BTC, the borrowing flow uses Bitcoin Script, a Guardian MPC network, Chainlink price attestations, and open validators, and the service advertises zero ongoing interest with a one-time origination fee.
Last updated: June 30, 2026
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