Introduction

An introduction to DUCA's unique Triple-Token Economy

Triple-Token Economy

You might have already noticed, DUCA works in 'threes'. DUCA's unique triple-token economy revolves around three key tokens:

  1. DUCA: A stable value token that anchors the economy.

  2. DCM and LPD: Two utility tokens designed to maintain the protocol’s stability and continuity, irrespective of market conditions.

Check out a quick overview of our DUCA visual on how these three tokens work together within the protocol.

Protocol Structure

The protocol has 7 main elements, divided in 3 sections: The DUCA Core, the DUCA Market Maker and the Automated Market Operator.

DUCA Core: The autonomous core of the protocol consists of the core building blocks (Stability Pool, Mint & Burn Mechanism, Reserve and Treasury). These hold the logic of the protocol and the logistics of the tokens within it. Nothing can interact with the DUCA Core except the Automated Market Operator.

DUCA Market Maker: The Automated Market Maker that is embedded within the protocol to provide liquidity to the market. The liquidity pools make it possible to enter and exit the protocol.

Automated Market Operator (AMO): The orchestrator that interacts between the Core and the Market Maker to adjust the supply of available tokens stabilising the Protocol.

Additionally, DUCA's ecosystem includes DUCA Backed Assets. These assets, like DUS pegged to the USD, are built upon the protocol, offering stability through direct collateralisation with DUCA. These assets are separate from the core infrastructure but are vital for the ecosystem's diversity and utility.

ALL VALUES ARE DENOMINATED IN DUCA

Unless specifically stated differently, the Protocol will always use DUCA as a denominating value in calculations, formulas and transactions. In situations where the Protocol receives open market data to establish the market value of an asset and this value is expressed in USD, the Protocol will then exchange that value into DUCA using the DUCA Exchange Value.

DUCA

DUCA is a token designed to have a stable market value that maintains its purchasing power over time. DUCA cannot be redeemed for FIAT, BTC or any other cryptocurrencies or real assets with DUCATA. Neither is DUCA backed by collateral or a reserve that is managed by DUCATA. The supply of DUCA will be elastic and has no maximum.

DUCA does not in any way represent a legal claim or ownership on DUCATA nor is it a collective investment scheme of any kind, nor does it represent any voting or governance rights or any form of tokenisation model.DUCA is censorship resistant. Addresses containing DUCA can’t be frozen or confiscated.

The Protocol can create and distribute additional DUCA to its owners as yield on a pro rata basis. The rate represents a growth percentage by which DUCA will appreciate daily. Appreciation in this context means an increase in DUCA Supply. The DUCA Yield is not distributed by DUCATA and does not indicate or represent a promise or return on investment in DUCA or DCM. Any distribution of yield will happen on a pro rata basis to all owners in accordance with the share of each individual DUCA owner. Following the distribution of the DUCA Yield the Reserve will receive an amount of DCM based on the DCM Market Value out of the DUCA Treasury.

TOKEN ISSUANCE

The Protocol handles the expansion and contraction of DUCA. The minting of DUCA is a decentralised and automated process. Nobody controls the DUCA Supply or can influence its workings for personal gain.

Token: ERC-20 Supply: Elastic, no maximum Value: Fixed Exchange Rate Regime Redeemable: No Legal rights / ownership rights: None

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