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Ducat
Ongoing
Medium
Restaking
2026/06/07 11:00
→2026/09/06 11:00
Ducat lets BTC holders borrow $UNIT stablecoin directly on Bitcoin L1. Earn Quanta on testnet for a potential $DUCAT airdrop at TGE 🪂
Token:Ducat(BTC)
Total Pool:TBA
Per User:Points-Based
0
5 Tasks~29 min
Overview
Most Bitcoin holders face the same dilemma: they hold the strongest collateral in crypto but have no way to borrow against it without giving something up — bridging to another chain, wrapping their $BTC, or handing custody to a third party.
Every existing option asks Bitcoin to leave its native environment.
Ducat Protocol is the first to solve this on Bitcoin Layer 1 itself ⚡
Ducat is a Bitcoin-native credit protocol that lets $BTC holders borrow against their collateral without leaving Layer 1. $BTC is locked into a non-custodial 2-of-2 Taproot vault, and the borrower receives $UNIT — a dollar-pegged stablecoin issued natively on Bitcoin via the Runes standard — or USDC converted 1:1 on the spot.
Loan logic runs through Bitcoin Script with no bridges, no wrapped tokens, and no external execution layer. A decentralised Guardian network co-signs vault transactions to enforce protocol rules without ever controlling the collateral. Loans carry a one-time 1% origination fee and zero ongoing interest, with full BTC redemption in a single block on repayment.
The company is incorporated in the US and has raised $1.25M in a pre-seed round led by UTXO Management, with participation from Hivemind Capital, CMS Holdings, Echo, Bitcoin Frontier Fund, Samara Asset Group, and others. The team includes co-founders David Evans (fintech, former crypto publisher), Alex Forshaw (Wall Street long/short equity and stablecoin design), and Lucas Rodriguez Benitez (eight years in blockchain, previously blockchain lead for Art Basel).
🪂 Earn Quanta on Testnet toward $DUCAT Airdrop at TGE
Ducat is currently in testnet and running a points campaign called Quanta. Complete missions, use the protocol, and invite friends — all for free, no real BTC needed. Quanta earned will eventually count toward a potential $DUCAT airdrop allocation post-TGE.
🪙 Quanta Points — Protocol & social activity
👥 Referral Bonus — Invite friends to earn more
🏆 Leaderboard & Status Tiers — Compete for the top spots
The earlier you start, the more Quanta you can stack before the protocol launches on mainnet.
Participation Requirements5 links
1
Set up your walletEasy·~2min
Install a dedicated testnet wallet — Unisat or Xverse — switch the network to Bitcoin Testnet4 (Beta), and in wallet settings set the address type to P2TR. Full setup walkthrough on the official Ducat testnet guide.
2
Connect your walletMedium·~5min
Head to the Ducat Protocol Testnet portal, connect your wallet, and sign to register.
3
Claim testnet BTCEasy·~2min
Head to the BTC Faucet and claim 0.1 Mutinynet BTC. The faucet resets every 24 hours — come back daily to keep your wallet funded for vault actions.
4
Complete MissionsHard·~18min
Go to the Missions tab and work through all three mission groups:
1
Mission 1 — The First Leap (Connect your socials): Connect Matrica (+2,000 Quanta), Discord (+2,000), 𝕏 (+2,000), and Telegram (+2,000). One-time tasks, max 8,000 Quanta total.Easy·~2min
2
Mission 2 — Foundation Set (Protocol actions): Open a vault (+3,000 Quanta, one-time). Then repeat the following up to 35 times each for +300 Quanta per action: Borrow $UNIT, Repay $UNIT, Deposit BTC, Withdraw BTC. Liquidate a vault earns +300 Quanta up to 5 times. Max 46,500 Quanta total.Hard·~10min
3
Mission 3 — Echo the Signal (Social tasks): Like Ducat’s Tweet (+250), Join Discord (+250), Retweet Ducat’s Tweet (+250), Follow Ducat’s 𝕏 account (+250), Follow Ducat’s Telegram Announcement Channel (+250), Like the Liquidation Announcement Tweet (+250). Max 1,500 Quanta total.Easy·~2min
4
Side Missions: Earn extra Quanta by earning a Discord role, through NFT boosts, and via partner ecosystem activity.Easy·~2min
5
For the highest Quanta rewards, apply to join Duhat — Ducat’s elite contributor group that tests features before release. New cohorts open periodically in Discord.Easy·~2min
5
Invite friendsEasy·~2min
Share your referral link from the Quanta dashboard — every friend who completes a mission adds +250 Quanta to your balance, no cap.
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