- 1.Borrow $BUCK against $SUI (or other types of collateral) by opening a ‘Bottle’
- 2.Earn $BKT token by providing $BUCK to the Tank in exchange for rewards
- 3.Stake $BKT to earn the fee revenue paid for borrowing or redeeming BUCK
- 4.Redeem 1 $BUCK for $1 USD worth of $SUI at any time
Deposit your $SUI or other collateral into a "Bottle" to receive a loan in the form of $BUCK stablecoin. Ensure to maintain a collateral ratio of at least 110%, but ideally, it should be over 150%. A one-off fee between 0.5% and 5% applies, determined by the demand for loans.
By supplying $BUCK to the "Tank", you can earn returns from liquidation events and $stBKT token incentives. The share of liquidated assets you receive is proportional to the amount of $BUCK you hold in the Tank, providing almost risk-free yields.
Stake your $BKT to receive $stBKT, and become eligible for a share of the platform's revenue. Alternatively, pair your $BKT with $SUI to provide DEX liquidity and earn additional $BKT.
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.