GROWTHWITH DISCIPLINE.
New rewards are funded by growth in the stablecoin surplus, then limited by cover, supply and market checks. A higher DUCAT price alone cannot create an emission.
MONEYWITH MEMORY.
A reserve currency that turns demand into treasury assets.
Built for
THE MARKET MOVES.
THE TREASURY REMEMBERS.
Bonds exchange new DUCAT for assets the protocol owns. Stablecoins fund the monetary reference. Tokenised equities add to the balance sheet. A market cycle can end without taking every asset with it.
PASSES.REWARDS AND RIGHTS.
Stake a pass to share expansion. Each rank carries a reward weight: Founder 5, Charter 3, Member 1. Unstake at any time; a pass in your wallet has an equity-only exit.
STABLECOINSAT THE CORE.
The stablecoin reserve funds issuance checks, reference increases and redemption. Tokenised equities add to total backing, but never count towards stablecoin reserve cover.
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CURRENCY. PROTECTION. OWNERSHIP.
Three different positions in the same system.
Each has its own rights, commitments and exit.
BOND FOR DUCAT.
Sell approved assets to the treasury for vesting DUCAT. The quote uses a market discount with a reference floor. The asset sale is permanent, not a deposit you can withdraw.
Explore bonds
ENTER PROTECTION.
Request pDUCAT shares for the vault's share of expansion. There is no minimum hold. An exit waits three days, and its fee falls with age: 25% in the first day, down to 1% after a week. The team receives 10% of each fee; 90% stays in the vault.
Explore protection
STAKE A PASS.
Choose a rank in its auction. Stake the pass to earn weighted expansion, and unstake at any time. A pass in your wallet can be kept or burned for an equity-only exit.
Explore passesFROM A MARKET RUN
TO A BALANCE SHEET.
Follow how demand becomes assets, and how a stronger reserve can earn monetary progress.
Understand the moneyTHE PREMIUM IS AN OPPORTUNITY.
When buyers value DUCAT above its reference, bonds can offer a market discount in exchange for approved assets. Capacity and vesting pace the sale.
THE CAT GUARDS
THE POT.
A nod to the Venetian ducat and the ships' cats that guarded cargo. A currency with a treasury, and a character built around looking after it.
Meet the moneyKNOW THE RULES.
KNOW THE RISKS.
Readable mechanisms matter. So does knowing where their protection ends.
- Reference is not price
- The reference can only step up. Market price can rise or fall.
- Exits have limits
- Redemption uses the lower of reference and reserve per DUCAT, less a fee. Liquid reserves and daily capacity limit execution.
- Code still carries risk
- Contracts, assets and oracles can fail. No mechanism removes every risk.