Bitcoin Credit,
Explored.

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

21Articles
8Topics
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 and Why Should Bitcoin Holders Care?
Education

What Is Rehypothecation and Why Should Bitcoin Holders Care?

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
Research

Best Bitcoin Lending Platforms in 2026

Eight platforms where you can borrow against Bitcoin in 2026, compared on rates, custody model, KYC requirements, and loan minimums.

April 11, 2026 5 min read
Bitcoin Collateral Loans: Every Platform Compared for 2026
Comparison

Bitcoin Collateral Loans: Every Platform Compared for 2026

Nine platforms let you borrow against BTC in 2026. Rates range from 5% to 14%, custody models range from full custodial to fully non-custodial. Here is how they actually stack up.

April 10, 2026 14 min read
Ledn vs Ducat: Custodial vs Non-Custodial Bitcoin Loans
Comparison

Ledn vs Ducat: Custodial vs Non-Custodial Bitcoin Loans

Ledn holds your Bitcoin for you. Ducat does not. Here is what that difference means in practice for borrowers.

April 9, 2026 4 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? The Full Guide to BTC-Backed Stable Assets
Research

What Is a Bitcoin-Native Stablecoin? The Full Guide to BTC-Backed Stable Assets

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: What They Are and Why They Matter
Education

Bitcoin Runes Explained: What They Are and Why They Matter

Runes are a token standard built directly on Bitcoin. UNIT, the Ducat stablecoin, is one of them.

April 3, 2026 5 min read
Crypto-Backed Loans Explained: How to Borrow Against Your Holdings
Education

Crypto-Backed Loans Explained: How to Borrow Against Your Holdings

Crypto-backed loans let you access cash using Bitcoin or other crypto as collateral. Here is how they work, what they cost, and where to get one.

April 1, 2026 6 min read
Non-Custodial Crypto Loans: How They Work and Why They Matter
Education

Non-Custodial Crypto Loans: How They Work and Why They Matter

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 Compared: Every Platform in 2026
Research

Bitcoin Loan Rates Compared: Every Platform in 2026

Bitcoin loan rates range from 5% to 16% in 2026. Here is what each platform charges and which setup suits your situation.

March 28, 2026 7 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: How to Borrow Against Your BTC Without Selling It
Education

Bitcoin Loans: How to Borrow Against Your BTC Without Selling It

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 Plain English Guide
Education

How to Borrow Against Bitcoin: A Plain English Guide

Borrowing against Bitcoin lets you access cash without selling. Here's a step-by-step guide to how it works, the risks, and your options in 2026.

March 25, 2026 18 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