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About

ChainX, the earliest launched project in polkadot ecosystem, ChainX is committed to the research and application of Bitcoin layer 2 expansion, digital asset gateway and Polkadot second-layer relay chain. To realize cross-chain asset exchange, leading the new direction of Bitcoin Cross-DEFi. Bitcoin, with a market capitalization on its way to reaching US$1 Trillion, holds the key to the digital currency world. Its value proposition is enabling further and deeper blockchain technology breakthroughs, validating Bitcoin as a payment method and a superior way of transferring and storing value; in the eyes of many, we have only seen the tip of the iceberg in terms of its full potential. ChainX is deeply committed to researching and expanding Bitcoin’s Layer 2 financial platform, striving to promote Bitcoin’s value flow, enrich financial derivative opportunities and improve hedging tools.

About

Ducat is a Bitcoin Layer 1 credit and stablecoin protocol that lets BTC holders borrow dollar-pegged assets without giving up custody of their Bitcoin. Users deposit BTC into a non-custodial 2-of-2 Taproot vault and can borrow UNIT or USDC while keeping the loan logic on Bitcoin rather than using bridges, sidechains, or external chains. The protocol offers zero ongoing interest and instead charges a one-time 7% minting service fee when UNIT is created. Borrowers can choose their collateral ratio, monitor their position and liquidation price, and borrow up to 62.5% of the BTC value in a vault. UNIT is a dollar-pegged stablecoin issued on Bitcoin Layer 1 and backed by overcollateralized BTC, with support for conversion to USDC. Ducat is designed for Bitcoin holders who want access to dollar liquidity while retaining exposure to their BTC and using a non-custodial, Bitcoin-native borrowing system.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Blockchain developers interested in a powerful layer 2 solution for Bitcoin

Audience

Bitcoin holders, crypto investors, institutions, and decentralized finance users seeking non-custodial borrowing and dollar liquidity backed by BTC on Bitcoin Layer 1

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Not Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

No images available

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Supported
Free Trial Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Not Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

ChainX
China
www.chainx.org/en/

Company Information

Ducat Protocol
Founded: 2000
United Kingdom
ducatprotocol.com

Alternatives

Alternatives

Leather

Leather

Leather Wallet

Categories

Blockchain Supported
Layer 2 Protocols Supported

Categories

Integrations

Bitcoin Supported
Acala Supported
EOS Supported
Ethereum Supported
Koinly Supported
Polkadot Supported

Integrations

Bitcoin Supported
Acala Not Supported
EOS Not Supported
Ethereum Not Supported
Koinly Not Supported
Polkadot Not Supported
Claim ChainX and update features and information
Claim ChainX and update features and information
Claim Ducat Protocol and update features and information
Claim Ducat Protocol and update features and information