BUCK Stablecoin
BUCK is a USD-pegged stablecoin users can mint by depositing collateral assets into Bucket. All BUCK transactions are publicly viewable on the Sui blockchain, and BUCK is backed by multiple types of over-collateralized digital assets, like BTC, ETH, and SUI.
BKT Coin
BKT is Bucket Protocol's secondary token. By staking BKT, users can earn a share of the fees generated within the Protocol and can become liquidity providers by contributing to the BUCK:SUI pool.
Users can obtain stBKT tokens by staking BKT or injecting liquidity into the 'Tank'. Longer staking periods correlate with a higher weight inscribed in the stBKT, incentivizing longer-term commitments.
Bottle & Bucket
The Bucket Protocol has a pool known as the Bucket that holds collateral (Bottle) from users. A Bottle is where users manage their loan. Different collateral types are segregated into distinct Buckets to insulate against potential risks.
The Tank acts as a source of capital to liquidate the bottle when its Collateralization Ratio falls below 110%. Users can contribute to the Tank by depositing BUCK, which helps maintain the system's stability and solvency.
The Well collects various revenue streams, such as borrow fees, redemption fees, and flash loan fees. Users who stake BKT receive stBKT, giving them a share of these revenues.


Total Value Locked
Total value locked in Bucket. Including collateral value and BUCK in tank pools.
BUCK Supply
The total amount of BUCKs that exists in circulation.
Collateralization Ratio(CR)
A financial metric that represents the proportion of collateral value held against a borrowed asset or debt. It ensures the lender is protected in case of default by the borrower.
A strategy that involves using borrowed funds (e.g., debt) to invest or trade in assets, aiming to amplify potential gains. However, leverage also increases the risk of losses.
Total Collateralization Ratio
The ratio that measures the overall collateral value maintained in Bucket Protocol in relation to the total amount of debt.
Minimal Collateralization Ratio
The minimum acceptable level of collateralization required by Bucket Protocol to ensure stability and safety of all participants.
Auto Safe Borrow
Auto set collateral ratio to 120% for stable collateral or 180% for volatile assets.
Borrow Fee
A one-time fee for BUCK issuance.
Providing funds as a Liquidity Provider and receiving DEX fees and other rewards.
When a user deposits collateral and borrows BUCK, the deposited collateral and debt amount form a position, also known as a Bottle in Bucket Protocol.
Recovery Mode Threshold
The threshold of CR to enter the Recovery Mode.
An external service that provides data for smart contract execution. In the case of Bucket Protocol, it refers to the current price of the collateral asset (e.g., $SUI).


Deposit collateral and borrow BUCK stablecoin.
Repay BUCK debt and reclaim the deposited collateral.
Burning a token grants ownership of the specific underlying collateral asset. It's essential to emphasize that anyone holding BUCK can initiate this process.
Liquidation occurs when an individual position falls below the minimum collateral ratio (min CR) to ensure the overall safety of the protocol.
The pursuit of profit in a risk-free manner while also ensuring the stability of the protocol.