What is Bucket Protocol Buck Stablecoin

Article Summary, Automatically Generated By AI

Summary

  • Bucket Protocol is a Collateralized Debt Position (CDP) protocol on the Sui network.
  • Supported collateral assets: $SUI, $BTC, $ETH, and LST.
  • $BUCK is an over-collateralized stablecoin.
  • $BUCK is minted when users stake collateral on Bucket Protocol.

Introducing Bucket Protocol’s BUCK: A Stablecoin Revolution

Bucket Protocol is a decentralized Collateralized Debt Position (CDP) protocol operating within the Sui network, distinguished by its support for a diverse array of collateral assets, including $SUI, $BTC, $ETH, LST, and others. Notably, the over-collateralized stablecoin, $BUCK, is minted when users stake collateral on the Bucket Protocol.

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