Bucket Protocol

Bucket Protocol is a DeFi engine on Sui, enabling users to borrow BUCK, a decentralized stablecoin, against SUI, BTC, ETH, and LSTs with low and predictable interest rates. By maintaining a 110% collateral ratio and using a two-layer liquidation mechanism, Bucket ensures stability while minimizing collateral requirements.

The protocol operates without governance intervention, relying on algorithmic controls and economic incentives to maintain BUCK’s peg to the US dollar. Users who contribute to protocol stability can earn rewards in $BUT, the native token of Bucket Protocol.