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Ducat Protocol Airdrop

Ducat is a Bitcoin-native credit protocol that enables users to borrow the BTC-backed UNIT stablecoin against non-custodial Bitcoin vaults directly on Bitcoin Layer 1.

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Project Overview

Project

Ducat Protocol

CoinStudy Halal Status

Halal

Airdrop Potential

Estimated Reward Range

$100 – $2K

Built directly on Bitcoin Layer 1, avoiding bridges, wrapped BTC, and external chains.
UNIT is backed by overcollateralized native BTC, with the documentation describing a 160% collateralization model.
Uses Taproot vaults and Bitcoin Script to make vault and liquidation rules verifiable on-chain.
Non-custodial design allows users to retain control of their BTC while accessing dollar liquidity.

Step-by-Step Tasks

Signup
open the link below, signup with your xVerse wallet. Install wallet first if you haven't.
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01
Redeem Code
During signup if they ask you for code, open discord of Ducat protocol, find code in the channel "Redeem Code" discord link below.
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02
Deposit Bitcoin
After signing up, deposit BTC to your xVerse wallet.
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03
Create vault
On ducat website, you will find Vault option on left hand side. Create your vault, deposit BTC to earn Quanta points. After depositing your BTC you will have to borrow UNIT stablecoin. More borrowing means more Quanta points. More points means More airdrop.
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04
Complete Missions
Open earn quanta option on left hand side. Start completing missions for more quanta points.
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05

Risk & Notes

!BTC price volatility can cause collateralization to fall and trigger liquidation.
!The protocol is still relatively early, with Mainnet Alpha currently live.
!UNIT's stability depends on BTC overcollateralization, liquidation mechanisms, and market liquidity.
!The protocol involves credit and stablecoin mechanics, so users should understand liquidation and counterparty/Guardian assumptions before participating.