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Bucket Protocol

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Bucket Protocol


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Description

Bucket Protocol aims to be a DeFi engine on the Sui network, allowing users to draw low and predictable interest loans against $SUI, $BTC, $ETH, and LST used as collateral. Loans are paid out in $BUCK, a USD-pegged stablecoin backed by multiple types of crypto, and need to maintain a minimum collateral ratio of 110%. The protocol is non-custodial, immutable, and governance-free.

Category: CDP
TVL: $12M

Chains:
Sui