According to CoinMeta, ducat has announced its decision to gradually shut down the protocol. The snapshot of holders has been completed, and holders within this snapshot can redeem the fair value of their ducat from the protocol’s treasury. ducat purchased after the snapshot will not be eligible for redemption. The team stated that each ducat corresponds to a corresponding proportion of shares in the protocol’s treasury. Bonds that have already been allocated, passport rewards, pducat during the lock-up period, as well as ducat in circulation within wallets, can all be redeemed without a cool-down period. Passports will continue to receive new token distributions, and holders can sell them into the liquidity pool; the redemption process at the front end has been updated accordingly.