An In-Depth Look at Bucket Protocol (BUT)
In the vibrant decentralized finance (DeFi) ecosystem, where buzzwords such as innovation become a day-to-day reality, Bucket Protocol is a promise in the making in the Sui ecosystem. Bucket Protocol introduces a new way of trading stablecoin and lending in its native token, $BUT, that is set to transform our view of collateralized debt positions (CDPs) and stablecoin stability. Here’s a close-up view of why Bucket Protocol is a force to be reckoned in the DeFi ecosystem. Background of the Bucket Protocol Introduction to Bucket Protocol Bucket Protocol is a decentralized finance protocol on the Sui blockchain that is focused on providing zero-interest loans to users through its over-collateralized stablecoin, $BUCK. The essence of this system, however, is facilitated by its governance and utility token, $BUT. The protocol leverages multiple collaterals like $SUI, $BTC, and $ETH to mint $BUCK, a US dollar-pegged stablecoin that is to be used to provide stability alongside utility...