What is $BUT and deBUT

Overview

• $BUT — The native protocol token of Bucket.

• deBUT — a non-transferable weighting tied to your staked BUT.

  • Think “staking power”: deBUT weighting determines the strength of your future utilities and rewards.

  • Fully staked: 1 BUT → 1 deBUT (weight 1:1).

  • Starting an unstake introduces a unstake period and a penalty (details below).

Unstake mechanics

When you start unstaking, you choose an unstake period T between 30 and 365 days. Your final BUT received at completion depends on T:

• At T = 30 days, you receive 30% back (70% penalty).

• At T = 365 days, you receive 100% back (0% penalty).

• For unstake period in between, the penalty decreases linearly from 70% → 0%.

Penalty formula

Let T be the chosen unstake period in days (30 ≤ T ≤ 365).

Then penalty_ratio = 0.70 × ( 1 − (T − 30) / 335 )

received_ratio = 1 − penalty_ratio

• Checks:

  • T = 30 → penalty = 70%, received = 30%

  • T = 365 → penalty = 0%, received = 100%

deBUT weight during the unstake countdown

While an amount U of your staked BUT is in the unstake period, the weight of that portion is counted at 50% until the countdown completes or is cancelled.

• Let S_total be your staked BUT before requesting to unstake.

• Effective deBUT weight during the countdown: deBUT_weight = (S_total − U) × 1.0 + U × 0.5

• Cancel Unstake: restores 1:1 weight instantly.

• At completion, settlement follows the received/penalty ratios from the formula above.

Example (all 100 BUT unstaked for 30 days):

• During the 30-day countdown: deBUT weight = 100 × 0.5 = 50.

• At completion (T = 30): received_ratio = 0.30 → you claim 30 BUT; 70 BUT goes to the penalty pool.

• If you cancel before completion: stake returns to 100 BUT and deBUT weight = 100 (1:1).

Important: After the chosen unstake period completes, the request cannot be cancelled.

Penalty pool & distributions

• Penalty destination: BUT deducted by penalty accumulates in a penalty pool.

• Future distribution: The pool is intended to be distributed to deBUT holders.

  • Details, cadence, and methodology: To be announced.

How to stake BUT (Step-by-step)

All actions are available on the BUT page.

1. Open the BUT page → Check Stake tab.

   
2. Enter the BUT amount to stake and check the preview.

   
3. Confirm(Stake).

   

How to unstake BUT (Step-by-step)

1. On the BUT page → Check Unstake tab.

   
2. Input Unstaking amount and choose an unstake period T between 30–365 days.

   
3. The preview shows:

   • deBUT weight during countdown

   • penalty_ratio (expected penalty)

     
4. Confirm to start the countdown.

   

Cancel Unstake

1. Check Unstaking requests on BUT page.

   
2. While the countdown is active, click Cancel Unstake.

   
3. Your stake returns to fully staked and deBUT = 1:1 immediately.

Note: After the selected period completes, cancel is unavailable.

Examples

Example A — 30-day Unstake

• T = 30 → received_ratio = 0.30 → you claim 30%; 70% goes to the penalty pool.

• During the countdown, the unstaking portion counts at 50% deBUT weight.

Example B — 180-day Unstake

• T = 180 → penalty_ratio = 0.70 × (1 − (180 − 30)/335) ≈ 0.3955 received_ratio ≈ 0.6045 → claim ~60.45% at completion.

• During the countdown, that portion’s deBUT weight = 50%.

Example C — 365-day Unstake

• T = 365 → received_ratio = 1.00 (no penalty).

• No penalty; the portion still counts as 50% deBUT weight only if it is in an active countdown (i.e., until completion or cancellation).