Business Development & Partnerships | DeFi, Yields, Stablecoins & Emerging Markets |
Joined December 2021
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𝐒am retweeted
More ways to use USDT on TRON.
. @Ducatstable has integrated with TRON, expanding access to USDT settlement across its Bitcoin native infrastructure.
Through the integration, Ducat users can use USDT as a primary settlement asset and access wUNIT, the TRC-20 representation of Ducat’s Bitcoin backed dollar, UNIT, on TRON.
More details from @CPOfficialtx 👇
cryptopolitan.com/ducat-inte…
𝐒am retweeted
More utility coming to TRON. 🔻
@Ducatstable is bringing wUNIT to TRON, with access to USDT swaps.
Bitcoin-backed credit is coming to @trondao.
Ducat’s integration will let users move UNIT to TRON as wUNIT and swap it for USDT.
Your BTC stays on Bitcoin. The dollars you borrow against it can move across TRON’s stablecoin ecosystem.
Read the announcement below 👇
𝐒am retweeted
🔹 A Bitcoin-backed stablecoin is coming to TRON
🔹 CMC Labs incubatee @ducatstable is integrating with TRON
🔹 Giving Bitcoin holders a new route from BTC-backed credit to USDT through UNIT
(CMC Labs: Partnership)
Bitcoin-backed credit is coming to @trondao.
Ducat’s integration will let users move UNIT to TRON as wUNIT and swap it for USDT.
Your BTC stays on Bitcoin. The dollars you borrow against it can move across TRON’s stablecoin ecosystem.
Read the announcement below 👇
𝐒am retweeted
Bitcoin-backed credit is coming to @trondao.
Ducat’s integration will let users move UNIT to TRON as wUNIT and swap it for USDT.
Your BTC stays on Bitcoin. The dollars you borrow against it can move across TRON’s stablecoin ecosystem.
Read the announcement below 👇
🤖 Made with AI
𝐒am retweeted
Borrow against your Bitcoin using MetaMask.
Ducat users can now deposit BTC on Bitcoin and receive USDC on EVM, all through one unified wallet.
Your collateral stays in a vault on Bitcoin L1. You can access dollar liquidity on EVM without selling your Bitcoin, wrapping your BTC, or switching wallets.
The Ducat Snap is now live in the MetaMask Snaps Directory.
Solana already ran the meme casino last cycle.
now people talking like robinhood chain is gonna do it again.
what’s the actual edge?
distribution into stock traders? pairing memes vs NVDA/TSLA tokens? the app on-ramp?
or is it just a new chain + new launchpads + attention?
still don’t see why this isn’t just solana with extra steps.
𝐒am retweeted
BTC did more than pump 23% over the past seven days.
It made every Ducat borrowing position healthier.
In those vaults, the UNIT balance stayed the same while becoming 18.8% smaller relative to the BTC backing it.
A vault at Ducat's 160% minimum collateral ratio seven days ago would sit at roughly 197% today.
Another way to say it is a Ducat user could add about 23% more debt and remain at the same ratio.
That is roughly 231 UNIT of new borrowing room for every 1,000 UNIT borrowed.
All of this potential and 0% ongoing interest.
Ducat gives borrowers dollar liquidity while keeping the upside on their Bitcoin.
𝐒am retweeted
HISTORIC ANNOUNCEMENT
I'm extremely pleased to share this..
after 3 years of analyzing hundreds of crypto projects for 2 billion Muslims worldwide...
we finally found it.
the world's first genuinely halal dollar stablecoin.
UNIT by Ducat Protocol.
but the story behind this certification is what matters most..
1. we declared it Halal
2. one concern was being raised by Muhammad wais
3. team imparted the concern to our chairman sharia board.
4. chairman gave some options to the founder of Ducat Protocol to rectify this.
5. David, the founder agreed to act upon
6. they changed the required structure in their documents
and now we're here with the first ever halal USD stablecoin..
now the Ducat protocol is fully certified by CoinStudy with 88/100 score on halal index.
> pre launch analysis posted
> airdrop participation process posted
> dedicated blog posted
CoinStudy also officially partnered with Ducat protocol..
hope & wish it helps Muslim investors community in long term..
Amen.
(Not a Paid Post)
𝐒am retweeted
The world's first genuinely halal dollar stablecoin.
Introducing @Ducatstable UNIT.
Here is what makes it different:
Every other dollar stablecoin:
USDT = T-Bill reserves (Riba)
USDC = T-Bill reserves (Riba)
USAT = T-Bill reserves (Riba)
RLUSD = T-Bill reserves (Riba)
EURCV = Bond reserves (Riba)
UNIT by Ducat Protocol:
1. Bitcoin-only reserve
2. Bitcoin earns zero interest
3. Zero ongoing charges
4. One-time Minting Service Charge
5. Charge sits with minting event
6. Not with ongoing obligation
7. Zero Riba anywhere
On August 5 we published 88/100 Halal.
Same day a compliance concern was raised about the fee structure.
August 6 our Chairman ruled: Fee as loan condition resembles Riba. "Muslim finance system does not permit this."
We revised to Haram immediately. Sufwan withdrew his own personal funds. We deleted the blog. We apologized to our community.
August 7 the Chairman showed the exact path to permissibility.
August 8 David the founder understood the Islamic finance distinction himself.
He said:
"The fee sits with the minting event, not the ongoing obligation."
His entire team agreed. Every platform was updated.
Website. App. Docs. GitHub. All changed.
August 18 Chairman verified everything.
His ruling:
"After this change, trading this coin is permissible and it will be counted among halal coins."
This is what real halal certification looks like.
> Not a paid badge.
> Not a marketing claim.
> Not a rubber stamp.
> A genuine concern identified.
> A scholar ruling honestly.
> A founder acting with integrity.
> Changes made completely and publicly.
> A scholar confirming permissibility.
13 days. One historic outcome.
Certified by:
Dr. Usman Quddus, PhD in Islamic Studies and Finance
Shariah Board Chairman, CoinStudy
In shaa Allah this is the beginning of genuinely halal financial infrastructure for 2 billion Muslims around the world.
𝐒am retweeted
Ducat's Mainnet Alpha has expanded to Phase 2.
Users can borrow against BTC on Bitcoin L1. Access is invite-only. Learn more below 👇
(CMC Labs: Partnership)
Ducat Mainnet Alpha is expanding ⚡
Phase 1 filled immediately. Real users, real BTC, real loans on Bitcoin L1.
Now we're opening more spots. Entry is still capped and invite only.
Alpha users earn boosted Quanta every day their vault is active.
Join our Discord, head to the redeem-code channel, and open a ticket to request access.
Link in bio.
Your keys. Your coins. Your credit. Only with Ducat.
𝐒am retweeted
Ducat Mainnet Alpha is expanding ⚡
Phase 1 filled immediately. Real users, real BTC, real loans on Bitcoin L1.
Now we're opening more spots. Entry is still capped and invite only.
Alpha users earn boosted Quanta every day their vault is active.
Join our Discord, head to the redeem-code channel, and open a ticket to request access.
Link in bio.
Your keys. Your coins. Your credit. Only with Ducat.