Alea Research

Neptune is a decentralized borrowing protocol that enables users to take out interest free loans leveraging the most popular assets available on Eclipse as collateral. Loans on deposited collateral are issued in USDN which can be utilized within Eclipse's DeFi ecosystem or deposited back into Neptune to earn yield.

Ducat is a decentralized stablecoin protocol native to Bitcoin L1. The Protocol's governance token, DUCAT, is a Bitcoin-native governance token in the form of Bitcoin Runes. Governance will be enabled via zero-knowledge proof circuits memorialised on Bitcoin ordinal inscriptions.

Bitlayer is a Bitcoin Layer 2 ecosystem project leading the way to the ground-up implementation of BitVM. By merging security with a lightning-fast smart contract engine, Bitlayer unlocks the full potential of Bitcoin DeFi. Bitlayer is committed to an open and collaborative Bitcoin DeFi ecosystem, working with partners to advance BTC Bridge, Bitcoin Layer 2 and BitVM stack, driving the future of secure, scalable, and programmable Bitcoin finance.