Bitcoin Credit,
Explored.

Research, guides, and protocol updates from the team building non-custodial lending on Bitcoin L1.

21Articles
9Topics
2026Latest
Bitcoin Yield: Every Way to Earn on Your BTC in 2026
Education

Bitcoin Yield: Every Way to Earn on Your BTC in 2026

Five ways to earn yield on Bitcoin in 2026, from lending to liquid staking, with honest risk assessments for each approach.

April 15, 2026 5 min read
Bitcoin Lending After Celsius: What Changed
Opinion

Bitcoin Lending After Celsius: What Changed

Celsius collapsed in June 2022 and froze $4.7 billion in customer funds. The Bitcoin lending market rebuilt itself around one hard lesson.

April 13, 2026 4 min read
What Is Rehypothecation? A Bitcoin Guide
Education

What Is Rehypothecation? A Bitcoin Guide

Rehypothecation cost crypto investors billions in 2022. Here is what it means, which lenders still do it, and how to protect your BTC.

April 13, 2026 12 min read
Best Bitcoin Lending Platforms in 2026: How to Choose
Research

Best Bitcoin Lending Platforms in 2026: How to Choose

Compare eight Bitcoin-backed borrowing routes by custody, pricing model, payout, and liquidation risk. Pick the one that fits your use case.

April 11, 2026 5 min read
Bitcoin Collateral Loans: 9 Borrowing Routes Compared
Comparison

Bitcoin Collateral Loans: 9 Borrowing Routes Compared

Compare nine BTC-backed borrowing routes by collateral control, fees, payout, and liquidation rules before pledging Bitcoin.

April 10, 2026 8 min read
Ledn vs Ducat: Bitcoin Loan Custody, Cost, and Risks
Comparison

Ledn vs Ducat: Bitcoin Loan Custody, Cost, and Risks

Ledn's custodial BTC loan and Ducat's Bitcoin L1 vault differ in pricing, collateral control, and repayment risk. Compare the terms before borrowing.

April 9, 2026 5 min read
How OP_RETURN Works on Bitcoin (And Why It Matters)
Technical

How OP_RETURN Works on Bitcoin (And Why It Matters)

OP_RETURN lets you store small amounts of data directly on the Bitcoin blockchain. Here is what it does and why protocols like Ducat use it.

April 7, 2026 4 min read
What Is a Bitcoin-Native Stablecoin?
Research

What Is a Bitcoin-Native Stablecoin?

Over $317 billion in stablecoins exist across crypto. Almost none of it lives on Bitcoin. That gap is closing.

April 5, 2026 15 min read
Bitcoin Runes Explained: A Beginner's Guide
Education

Bitcoin Runes Explained: A Beginner's Guide

Runes are a fungible token standard built directly on Bitcoin using OP_RETURN data. UNIT, the Ducat stablecoin, is implemented as a Rune.

April 3, 2026 5 min read
Crypto-Backed Loans: How They Work, Costs and Liquidation
Education

Crypto-Backed Loans: How They Work, Costs and Liquidation

Learn how crypto-backed loans work, how LTV and liquidation affect your collateral, and which costs and custody terms to compare.

April 1, 2026 9 min read
Non-Custodial Crypto Loans: How They Work
Education

Non-Custodial Crypto Loans: How They Work

Non-custodial crypto loans let you borrow without handing your Bitcoin to a third party. Here is how they work and who offers them.

April 1, 2026 5 min read
What Is FROST Threshold Signing? A Plain English Guide
Technical

What Is FROST Threshold Signing? A Plain English Guide

FROST lets multiple parties control a Bitcoin wallet without any single party holding the full key. Here is how it works.

April 1, 2026 5 min read
Bitcoin Loans Without KYC: Your Options in 2026
Education

Bitcoin Loans Without KYC: Your Options in 2026

Most Bitcoin lending platforms require identity checks. A few do not. Here is what no-KYC borrowing looks like in 2026.

March 30, 2026 7 min read
Bitcoin Loan Rates in 2026: Compare the Full Cost
Research

Bitcoin Loan Rates in 2026: Compare the Full Cost

Compare published Bitcoin-backed loan terms, upfront fees, collateral models, and liquidation rules using a dated snapshot and a repeatable cost calculation.

March 28, 2026 6 min read
The CLARITY Act: A Long Road to Regulatory Certainty
Regulation

The CLARITY Act: A Long Road to Regulatory Certainty

The CLARITY Act is the most consequential crypto legislation to move through Congress in years. Here is where it stands.

March 26, 2026 4 min read
Bitcoin Loans: Borrow Against Your BTC
Education

Bitcoin Loans: Borrow Against Your BTC

Bitcoin loans let you access cash using your BTC as collateral. Here's how they work, what rates to expect, and where Ducat fits in.

March 25, 2026 4 min read
How to Borrow Against Bitcoin: A Practical Guide
Guides

How to Borrow Against Bitcoin: A Practical Guide

How BTC-backed borrowing works, what it costs, when collateral can be liquidated, and what to check before opening a loan.

March 25, 2026 8 min read
Announcing the Ducat Protocol Launch
Protocol Updates

Announcing the Ducat Protocol Launch

The Ducat Protocol is live on Bitcoin mainnet. Deposit BTC, borrow UNIT, and access dollar liquidity without leaving Layer 1.

March 18, 2026 4 min read
Understanding BTC-Collateralised Stablecoins
Education

Understanding BTC-Collateralised Stablecoins

A deep dive into how Bitcoin-backed stablecoins work, why collateralisation ratios matter, and what makes native L1 issuance fundamentally different.

March 10, 2026 4 min read
BTC DeFi in 2026: What's Changed and What's Next
Research

BTC DeFi in 2026: What's Changed and What's Next

An overview of the rapidly evolving Bitcoin DeFi ecosystem, the key protocols shaping it, and where Ducat fits in the broader picture.

February 25, 2026 4 min read