Ducat Protocol[DUCAT]

Bitcoin-native credit and UNIT stablecoin

Ducat Protocol is a Bitcoin-native credit platform that lets BTC holders borrow its UNIT stablecoin against their bitcoin directly on Bitcoin's base layer, with no custodians, bridges or L2s. UNIT is issued as a Rune and overcollateralized by BTC, with liquidations managed programmatically. Ducat closed its Mainnet Alpha on November 1, 2026 and is heading to a full public launch. Users earned Quanta points during testing, and on November 2 the team said those points will convert into the DUCAT token through an airdrop campaign that begins soon. Ducat raised a $1.25M pre-seed led by UTXO Management with CMS Holdings, Bitcoin Frontier Fund and Samara, followed by a $1.5M round in May 2025, with Hivemind Capital and Echo also listed as backers; trackers put total funding at about $4M. Tokenomics and a TGE date have not been published. Note: an unrelated DUCAT token already trades on CoinGecko.