Ducat Protocol vs Kyte
A side-by-side comparison built from both listings. Blank cells mean the company has not given that detail; we never guess.
Ducat Protocol compared with Kyte
| Detail | 
Ducat Protocol | 
Kyte |
|---|
| What it does | Borrow against your Bitcoin without giving up custody
| Options, on Your terms
|
|---|
| Stage | Not given
| Not given
|
|---|
| Founded | 2023
| Not given
|
|---|
| Based in | VG
| Not given
|
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| Pricing model | Paid
| Paid
|
|---|
| Pricing | One-time 7% minting service charge when UNIT is minted. Zero ongoing interest, no compounding, no hidden charges.
| 3% fee on premium when buying an option, 0.1% fee on strike when exercising. Premium fee ceiling never above 10%, exercise fee ceiling never above 1%.
|
|---|
| Key features | - Zero interest borrowing with one-time 7% minting service charge
- Non-custodial 2-of-2 Taproot multisig vaults
- Borrow UNIT or USDC with automatic Circle conversion
- Single-block BTC redemption and repayment
- Real-time vault dashboard with health monitoring
- Institutional Ducat SDK for programmatic vault management
- UNIT Runes-based dollar-pegged stablecoin
- Bitcoin L1-native protocol with open-source validators
| - Fully collateralised options - every position backed at creation
- Non-custodial with no admin functions able to move collateral
- Options as transferable ERC-721 NFTs
- Seller-set pricing with no oracle
- Covered calls - lock tokens, set strike and premium
- Cash-secured puts - lock strike in WETH
- Expiry range from 1 hour to 90 days
- Non-upgradeable smart contracts
- Pause never blocks cancel, exercise or expire
- Hard-coded fee ceilings and staker share floor
|
|---|
| What makes it different | - No KYC or identity documents required to borrow
- UNIT stablecoin issued natively on Bitcoin L1 using Runes standard
- All loan logic enforced by Bitcoin Script with no bridges or L2s
| - Non-custodial design where no admin function can move funds
- Options as transferable NFTs that buyers can hold, transfer or sell
- Exit is always available - pause never blocks cancel, exercise or expire
- Fees locked per position at creation and never retroactively changed
|
|---|
| Community votes | 0 | 0 |
|---|
| DR (Domain Rating by Ahrefs) | 38 ● no change since last check | 2 ▼ −3 (down) since last check |
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| Trust Flow (Majestic) | 11 | 0 |
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| Citation Flow (Majestic) | 31 | 0 |
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| Referring domains (Majestic) | 167 | 1 |
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5 details filled in for both companies.
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