Bucket Protocol
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  • Introduction
    • Introduction
    • Key Advantages
  • Bucket Campaign
    • Bucket x Sui Wallet Campaign
  • Mechanisms
    • System Overview
    • Terminology
    • Borrowing
    • BUCK Savings Rate (BSR) and sBUCK
    • Tank and Liquidations
    • Peg Stability Module
    • Redemptions
    • Recovery Mode
    • Flash Loan
    • Protocol Revenue
  • Price Stability & Depeg Analysis
    • Scenarios of Upward Depeg
    • Scenarios of Downward Depeg
    • Other Special Situations and Details
  • Outro
    • Oracles
    • Security
    • FAQ
    • Contracts
    • Links
  • External Audits & Analysis
    • Introduction
    • Smart Contract Audit
    • Formal Verification
    • Market Risk Assessment
    • Terms of Service
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  • What are the primary use cases of Bucket Protocol?
  • 1. Borrow
  • 2 . PSM
  • 3 . Stake $BUCK
  • 4 . sBUCK Saving Pool
  • 5. Redeem
  • 6 . Tank Pool
  1. Mechanisms

System Overview

PreviousBucket x Sui Wallet CampaignNextTerminology

Last updated 6 months ago

What are the primary use cases of Bucket Protocol?

1. Borrow

Deposit your $SUI or other collateral to open a position and receive a $BUCK stablecoin loan. Keep your collateral ratio above the Minimum Collateral Ratio (MCR) — ideally over 150%. A one-time borrow fee of 0.5% to 5% applies, along with fixed interest based on loan demand.

2 . PSM

Swap $USDT or $USDC to $BUCK at a 1:1 ratio with zero fees using PSM In via .

For PSM Out, swap $BUCK back to $USDC at a 1:1 ratio, with an additional 0.5% switch-out fee.

3 . Stake $BUCK

Stake your $BUCK to receive $sBUCK and earn the BSR (BUCK Saving Rate).

4 . sBUCK Saving Pool

Deposit $sBUCK into Bucket Saving Pool to earn extra $SUI reward.

5. Redeem

Exchange your $BUCK for an equivalent value in collateral. This functionality benefits collateral holders by providing an opportunity to extract value and also aids in maintaining $BUCK's pegged value. The rationale behind this will be explained in a later chapter.

6 . Tank Pool

Deposit $BUCK into the Tank Pool to participate in liquidations, acquiring collateral at advantageous rates.

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