The on-chain treasury protocol Ducat will gradually close the protocol and open treasury redemption

On-chain treasury protocol Ducat tweeted that the team has decided to gradually shut down the protocol. The protocol design includes a price floor mechanism, and during the shutdown process, the team will prove that Ducat is fully backed by the treasury.

The official team has taken a snapshot of the holders, and those who meet the criteria can redeem the corresponding fair value within the treasury without a cooling-off period. Tokens purchased from the liquidity pool after the snapshot will not be eligible for redemption.