Ducat is a Bitcoin-native credit and stablecoin protocol that enables borrowing against BTC using Bitcoin Script for loan logic, vaults, liquidations, and redemptions entirely on Bitcoin L1. Ducat's Twitter Score is 45 out of 1000 as of August 2026, ranking #20,476 (top 5%) among 483,652 tracked accounts.
Ducat was co-founded by David Evans as Co-Founder and CEO, Alex Forshaw as Co-Founder and CPO, and Lucas Rodriguez Benitez as Co-Founder and CTO. The protocol issues UNIT, a dollar-pegged stablecoin on Bitcoin L1 backed by overcollateralized BTC held in vaults, with users able to swap UNIT 1:1 to USDC. Loan mechanics rely on 2-of-2 Taproot vaults with a 135% collateralization threshold, and the model is structured as non-custodial and zero-interest, charging only a one-time 1% origination fee.
Ducat has raised a total of $4M in funding, including a $1.5M strategic round led by HivemindCap, with participation from nativecryptox, following a $2.5M pre-seed extension. Ducat was also selected as an incubatee in the CMC Labs accelerator run by CoinMarketCap. The protocol has announced integration of the Chainlink Runtime Environment to operate a Bitcoin-native oracle on Bitcoin Layer 1. Ducat's documentation describes the protocol as experimental software and notes that participation carries risk and is not available to US persons.
Ducat has published 294 posts on the platform and has been mentioned by 83 accounts a total of 182 times.
Who follows Ducat on X?
The accounts that follow Ducat include 171 founders, 39 angel investors, 133 influencers and 6 VCs, among them Mario Nawfal, Andrew Steinwold, Josh Ong, Jeff Park, Leonidas DOG and Clemente.