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What is @Ducatstable Building ?
I call it βThe stable wayβ
A stable coin that aligns with bitcoin core ethos
𧡠ππ
Neon π§ͺπ¦ π,π retweeted
The ideal stablecoin: @Ducatstable (UNIT)
πBacked by Bitcoin
πNo centralization breakpoint
π Has usage driven money supply
πVerifiable through code
The ideal stablecoin would incentivize network participant
Study @Ducatstable
HOW DOES DUCAT(@Ducatstable) WORK?
πUsers deposit BTC into a CDP vault.
The system enforces an over-collateralization ratio.
πIn exchange for locking BTC, the user mints UNIT tokens
πUNIT maintains a soft peg to USD
πTo retrieve their BTC, the user must repay the UNIT
Check this out
Ducat @Ducatstable stables will unlock bitcoin full potential !!!
Bitcoin would move from a "storage of wealth" to everyday modern defi asset..
This Bitcoin-native stable-coin would be used for everyday finance and this follows the core ethos of bitcoin.
Ducat community is the best.
@licon_ston held Fireside π₯ chat yesterday and I enjoyed every bit of it
Apart from the fact that weβre contributing to UNIT a stablecoin directly on bitcoin layer 1, weβre also building ourselves
Thereβs an event at 16:00 today
Donβt miss it !
contribute to ai on perle labs @PerleLabs
Thereβs already over 30K applications in 24 hours π€― The excitement around the Perle Labs beta has been unreal. Thank you to everyone who applied!
How to contribute to @Ducatstable testnet.
Doing this makes you the pioneer of stable coin on BTC.
π Visit testnet page
app.ducatprotocol.com/quantaβ¦β¦
Thereβs over $1 trillion worth of BTC sitting mostly idle in wallets and cold storage.
Ducatβs idea is to let holders use their BTC as collateral and locking it in vaults. Then receive a stable coin called UNIT
Ducat @Ducatstable leverages Ordinals Inscriptions + Runes tokens + Taproot to turn BTC addresses into vaults where you deposit BTC, and then you can mint a stablecoin (UNIT).
UNIT will be issued as a Runes token. It will be compatible with all major BTC wallets.
Neon π§ͺπ¦ π,π retweeted
Ducat @Ducatstable stables will unlock bitcoin full potential !!!
Bitcoin would move from a "storage of wealth" to everyday modern defi asset..
This Bitcoin-native stable-coin would be used for everyday finance and this follows the core ethos of bitcoin.
A stablecoin on Bitcoin allows Bitcoin holders to unlock liquidity use, spend, lend, without selling BTC
