Today, we are pleased to announce that liquidations are available on Bitcoin L1.

3 Million Transactions.

https://t.co/ikG8W5YXCm

3000 BTC in Testnet TVL.

“Bitcoin can’t do DeFi.” @Ducatstable: hold my Taproot

$100M in Testnet UNIT Borrowed.

$200M TVL in Testnet BTC.

I’m pleased to announce the public, testnet release of Ducat’s Liquidations v1, the key feature of our Bitcoin-native stablecoin protocol! (link below) Why it matters Ducat was founded by @dav1dbtc, @zk_bits and me a year and a half ago with one mission: building a

Once the block is confirmed, you now have taken ownership of the vault(s) you liquidated!

After you confirm the liquidation details, you then sign 2 transactions, and will be able to see the liquidation in the mempool.

Then click "claim liquidation" to view the details of the order.

Once your wallet is on testnet, you're ready to start liquidating. Find your way to the liquidation tab, or use the link below: https://t.co/H5MRTbmZ4A Then select how much BTC you’d like to liquidate.

First, make sure you have already created a vault and set your wallet to testnet. If you haven't, you can find the guide here: https://t.co/ZamPd9OWzN

Interested in BTC arbitrage? All it takes is 3 steps.

@LiquidiumFi @SatsTerminal @minelabs_ @XverseApp @BotanixLabs The future of decentralized stablecoins starts right here:

@Pizza_Ninjas @SolanaMBS @nodemonkes @BoDoggosENT @TaiyoRobotics @TaprootWizards @mavensbot @banditsbtc @BitcoinPuppets These companies helped build and test the system from day one. Join our Discord to coordinate with your favorite project team for your chance to win 1M Quanta - https://t.co/T7PDCNFtnS

These communities helped shape Ducat and now get to benefit to earn from it. Make sure to join our Discord to pick your favorite community to potentially win 1M Quanta - https://t.co/T7PDCNFtnS

The communities who have helped us will also be able to benefit. We have partnered with the following companies and communities:

This merges the benefits of traditional finance with Bitcoin without adding centralized risk: • Borrow against BTC • Manage liquidation risk transparently • Earn BTC by cleaning up bad debt • All with no custody, no counterparties, no L2s

Until now, liquidation systems have only existed on smart contract chains. Ducat’s Liquidation Protocol is the first native, permissionless liquidation system that runs entirely on Bitcoin.

For the first time ever, anyone can participate in liquidations directly on Bitcoin Layer 1.