About Airdrop
Ducat is a decentralized protocol designed to bring stablecoin infrastructure natively to the Bitcoin network. It governs the creation and redemption of UNIT Collateralised Debt Positions (CDPs), allowing users to mint stable assets backed by Bitcoin. At the core of Ducat’s governance is the DUCAT token, which is built using Bitcoin’s Runes protocol. This token operates through a consensus system based on ordinal inscriptions, enforced by a Multi-Party Computation (MPC) network and verified via a dedicated indexer. As a result, the system achieves both decentralization and enhanced security.
Currently, most stablecoins exist on Ethereum or Tron. They rely on centralized collateral such as US Treasuries or bridged assets, which exposes users to regulatory risk. For example, tokens like USDT and USDC depend on bank-held assets. Others, like DAI or Ethena, involve centralized exchanges and custodians. These models lack the transparency and decentralization that crypto was meant to offer.
Therefore, Ducat introduces a BTC-native stable unit backed by permissionless smart contracts. This model supports censorship resistance while ensuring responsible collateralization. Moreover, it removes the need for external custodians. As Bitcoin programmability expands, TVL in the BTC-Fi sector has surge, growing over 300% year-on-year. However, Bitcoin still lacks native liquidity tools. Ducat fills this gap with a protocol that is efficient, secure, and aligned with Bitcoin’s core values.
To build momentum, Ducat has launched an early airdrop campaign. Participants can interact with the active testnet and complete tasks on Galxe. Those who engage now have a chance to earn DUCAT tokens and play a role in shaping the future of decentralized finance on Bitcoin.
Follow our complete and simple step-by-step guide to participate!
Step-by-step guide
- Install and open your Xverse or Unisat Wallet and switch to Mutinynet (testnet).
- Visit the Ducat Website. Connect your wallet.
- A faucet window should automatically appear.
- Request test tokens directly.
- If it fails, try the alternative faucet provided on their support channels.
- With test tokens ready, follow the video guide on the website to create a vault.
- This simulates a CDP creation and is a key activity for airdrop eligibility.
- Repeat testnet interactions over time. Increased testnet activity may improve your eligibility.
- Head over to Galxe, complete tasks and earn points daily