On-chain treasury protocol Ducat says its team has decided to gradually shut down the protocol. According to Foresight News, the protocol includes a price-floor mechanism, and the team will demonstrate during the shutdown that Ducat is fully backed by its treasury. Ducat has taken a snapshot of holders, and eligible holders can redeem the fair value of their holdings in the treasury without a cooldown period. Tokens purchased from liquidity pools after the snapshot are not eligible for redemption.