The leading decentralized stablecoin protocol
The leading decentralized stablecoin protocol
Supercharged by the Sui Ecosystem
Total Value Locked
$BUCK Supply
Endless
possibilities
with $BUCK
Mint $BUCK
Deposit accepted collateral to mint $BUCK with fixed interest rates, allowing users to avoid worrying about fluctuating interest payments
Stake $BUCK
Stake your BUCK to receive sBUCK, grow with Bucket, and share in the protocol’s revenue! Deposit sBUCK into the Savings Pool to earn the sBUCK Savings Rate
Use $BUCK
Deposit $BUCK into the Tank to participate in liquidations, acquiring collateral at advantageous rates, or utilize your $BUCK flexibly within the Sui ecosystem.
Token coming soon
The more you engage, the fuller your Bucket —let the rewards flow!
Explore $BUCK integrations
FAQ
What is Bucket Protocol?
Bucket Protocol is a decentralized stablecoin protocol that allows crypto asset holders to borrow $BUCK, a stablecoin pegged to the US dollar, by placing their assets into a collateralized debt position (CDP).
Bucket protocol ensures $BUCK remains stable at $1 USD through strong peg mechanisms, making it a reliable medium of exchange on the Sui Network.
This stability enables users to conduct transactions, enhance liquidity, and manage assets efficiently, without unexpected interest payments. Bucket Protocol offers a seamless experience, positioning $BUCK as the ideal choice for navigating the Sui ecosystem.
How to ensure $BUCK strongly pegged to $1?
Bucket Protocol employs several mechanisms to ensure that $BUCK remains strongly pegged to $1 USD:
・Tank: Acts as the primary defense to maintain solvency by liquidating undercollateralized Bottles (CDPs) when their collateralization ratio falls below the Minimum Collateral Ratio (MCR). Liquidated collateral is distributed to Tank Contributors who deposit $BUCK into the Tank.
・Recovery Mode: Activates when the Total Collateralization Ratio (TCR) falls below 150%, triggering additional liquidations for Bottles with ratios between 110% and the current TCR, incentivizing increased deposits to enhance system stability.
・Redemption Mechanism: Allows full redemption of $BUCK for collateral at prevailing exchange rates, prioritizing riskiest Bottles to improve overall system collateralization and maintain a price floor near $1.
・Peg Stability Module (PSM): Maintains $BUCK’s peg with a 1:1 conversion rate to USDC/USDT. Users can exchange $BUCK above $1 for stablecoins, creating selling pressure, or buy $BUCK below $1, creating buying pressure, stabilizing its value.
Through these mechanisms, Bucket Protocol ensures $BUCK remains securely pegged to $1, providing stability on the Sui Network.
What are the key benefits of Bucket?
Bucket Protocol offers key benefits for financial efficiency and stability in the crypto economy:
・Fixed Interest Liquidity: Borrowers access liquidity with fixed interest rates, using $BUCK in DeFi markets without worrying about fluctuating interest.
・Low Collateralization (110% minimum): Instant and efficient liquidation ensures rapid clearing of under-collateralized positions, supporting a low collateralization ratio and maintaining system stability
・Strong Price Peg: Mechanisms like arbitrage and the Peg Stability Module (PSM) keep $BUCK pegged to 1 USD, with 1:1 conversions between $BUCK and stablecoins like USDC and USDT.
・Governance-Free Operation: All parameters are preset and algorithmically controlled, enabling autonomous, efficient operation without governance intervention.
・Censorship Resistance: Decentralized operation reduces the risk of interference or manipulation.
・Multi-Collateral Support: Accepts various digital assets as collateral, offering flexibility and growth potential.
・Flash Loan & Flash Mint Services: These services provide arbitrage opportunities, ensuring healthy protocol operation.
In summary, Bucket Protocol offers a secure, efficient system that enhances market reliability and stability, with various opportunities for user participation.
What are the benefits of borrowing/using BUCK?
Users can gain several advantages by engaging with Bucket Protocol through four main methods: incentivized borrowing, earning with sBUCK, participating in the Tank, and using BUCK across various projects on the Sui ecosystem.
・Earning with sBUCK (Featured by Sparkling Finance): when users deposit BUCK into the staking pool, they receive sBUCK as a receipt token. sBUCK earns a fixed return through the BUCK Savings Rate(BSR), which is funded by the Bucket Protocol’s revenue.
・Incentivized Borrowing:Users can borrow $BUCK against Liquid Staking Tokens (LSTs) and receive $SUI rewards, making borrowing more attractive while providing additional benefits through rewards.
・Participating in the Tank:Depositing $BUCK into the Tank allows users to contribute to the protocol’s stability. In the event of a liquidation, the Tank uses $BUCK to pay off the debt, receiving discounted collateral in return, ensuring $BUCK remains overcollateralized. This participation not only supports system stability but also provides users with tangible benefits.
・Usage Across Sui Projects:BUCK can be utilized across various projects within the Sui ecosystem, enhancing its utility and making it a versatile asset for transactions and other applications. Users can explore our integrations page to discover where BUCK is supported.
In summary, Bucket Protocol provides various benefits for users, whether through staking, borrowing, contributing to system stability, or using BUCK across different projects in the Sui ecosystem, each offering unique advantages and enhancing the overall utility of the protocol.
Audit by
Partnerships
