DeFi· ★★· neutral·

Ducat opens invite-only alpha mainnet for bitcoin-backed lending

  • —Lending runs natively on Bitcoin L1 without bridges or L2s
  • —Borrowers can draw UNIT or USDC against BTC collateral
  • —Ducat's site lists a 7% fee; reports cited 1% and 7%
  • —Backers include Highmind Capital, CMS Holdings and UTXO Management
Why it matters: The test will show whether borrowers will take dollar liquidity against BTC without selling coins or relying on intermediaries.
#BTC#USDC
Source: TokenPost
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