Market Cap$52.2M

24h Trading Vol$5.6M

Total Supply$52.2M

Circulating Supply$52.2M

All Time High$1.15

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BUCK

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What problem does Bucket Protocol BUCK Stablecoin solve?

Bucket Protocol BUCK Stablecoin addresses critical needs for financial efficiency and stability within the Sui Ecosystem. It solves the problem of volatile interest rates by offering fixed interest liquidity for borrowers, eliminating concerns about fluctuating payments. By ensuring a strong $1 USD peg through mechanisms like the Tank and PSM, $BUCK provides a reliable medium of exchange, enhancing liquidity and enabling efficient asset management on the Sui Network. Its low 110% collateralization ratio and governance-free, censorship-resistant design further offer a secure and autonomous environment for users, overcoming common hurdles in decentralized finance.

What are the main use cases for buck token?

The BUCK token offers diverse utility within the Bucket Protocol and the broader Sui Ecosystem. Users can mint $BUCK by depositing accepted collateral, benefiting from fixed interest rates for stable liquidity. Another key use case involves staking BUCK to receive sBUCK, which earns a fixed return from protocol revenue through the BUCK Savings Rate. Furthermore, users can deposit $BUCK into the Tank to participate in liquidations, acquiring collateral at advantageous rates. The $BUCK stablecoin also serves as a versatile asset for transactions and applications across numerous integrated projects within the Sui blockchain, amplifying its utility.

How does Bucket Protocol maintain its 110% collateralization ratio without frequent liquidations?

The protocol employs an instant liquidation engine through its Tank module, where users deposit BUCK to serve as liquidation capital. When a Bottle's collateralization falls below 110%, the Tank automatically liquidates it within the same block, purchasing collateral at a discount. This real-time mechanism combined with Recovery Mode activation (when Total Collateralization Ratio < 150%) creates a robust system allowing lower collateral requirements than competitors like MakerDAO while maintaining solvency.

Can users earn yield on BUCK without exposure to volatile assets?

Yes, through the BUCK Savings Rate (BSR) mechanism. Users stake BUCK to receive sBUCK – an interest-bearing receipt token whose value appreciates against BUCK over time. The yield is funded by protocol revenue (liquidation penalties, redemption fees) and isn't dependent on volatile assets. sBUCK can be further deposited into savings pools for additional SUI rewards, creating a compounding yield mechanism with stablecoin-only exposure.

What happens if the Sui blockchain experiences downtime or congestion?

Bucket Protocol's liquidation mechanisms are designed for sub-second execution, leveraging Sui's parallel transaction processing. During network congestion, the protocol's Recovery Mode provides an additional safety layer: if Total Collateralization Ratio (TCR) falls below 150%, it triggers expanded liquidations for positions between 110% and TCR. This algorithmic response mitigates systemic risk without relying on manual interventions. The protocol also maintains emergency redemption functionality direct to collateral.

How does Bucket Protocol achieve governance-free operation compared to DAO-managed stablecoins?

All critical parameters (liquidation thresholds, stability fees, redemption curves) are established in immutable smart contracts during deployment. The system uses: 1) Predefined circuit breakers like Recovery Mode, 2) Algorithmically funded BUCK Savings Rate, 3) Decentralized price oracles with redundancy. This eliminates governance attack vectors and ensures consistent operation regardless of token holder participation – contrasting with DAO-managed competitors requiring frequent voting on parameter adjustments.

What technical advantages does building on Sui provide over EVM-based stablecoins?

Sui's Move language enables: 1) Object-oriented CDP architecture ("Bottles") with isolated state, preventing shared-state vulnerabilities, 2) Atomic composability allowing single-transaction actions (e.g., deposit collateral → mint BUCK → stake sBUCK), 3) Sub-second finality critical for liquidations. Additionally, Sui's horizontal scaling handles Bucket Protocol's computationally intensive operations (e.g., real-time TCR calculation) without gas spikes during market volatility – a limitation for EVM-based alternatives.

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Bucket Pro...

buck

$0.9958

▼ 0.24%

Bucket Protocol BUCK Stablecoin is a leading decentralized stablecoin protocol thriving within the Sui Ecosystem. It empowers crypto asset holders to borrow $BUCK, a stablecoin firmly pegged to the US dollar, by leveraging their digital assets within Collateralized Debt Positions (CDPs). Functioning as a reliable medium of exchange on the Sui Network, Bucket Protocol secures $BUCK's $1 USD peg through advanced mechanisms such as the Tank for liquidations, Recovery Mode, a Redemption Mechanism, and its Peg Stability Module (PSM), which facilitates 1:1 conversions with other stablecoins like USDC/USDT. This innovative cryptocurrency offers users fixed interest liquidity, remarkably low 110% minimum collateralization, and operates via algorithmic controls without governance intervention, enhancing its censorship resistance. Users can mint $BUCK, stake BUCK to earn sBUCK and protocol revenue, participate in Tank liquidations, or utilize buck across diverse DeFi projects within the Sui blockchain, making it a versatile digital asset.

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Bucket Protocol BUCK Stablecoin

buck

$0.996

-0.24%

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Overview

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BUCK Calculator

BUCK

USD

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Market Cap

$52,178,189

24h Trading Vol

$5,597,718

All Time High

$1.15

All Time Low

$0.001

Total Supply

52,236,841

Max Supply

∞

Circulating Supply

52,236,841

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