Bucket USD

Bucket USD is an innovative stablecoin operating within the Bucket Protocol on the Sui network. This protocol employs a Collateralized Debt Position (CDP) model, allowing users to leverage multiple assets as collateral. Supported assets include popular cryptocurrencies such as SUI, BTC, ETH, and various liquid staking tokens. When users stake their collateral on the Bucket Protocol, they can mint Bucket USD, which is an over-collateralized stablecoin. This ensures that the value of Bucket USD remains stable and reliable, making it a valuable asset for users looking to engage in decentralized finance. The design of Bucket USD emphasizes security and stability, offering users a practical solution for their financial needs in the DeFi ecosystem. By utilizing over-collateralization, the protocol aims to maintain the integrity and value of its stablecoin, providing peace of mind to its users. In summary, Bucket USD serves as a key component of the Bucket Protocol, enhancing the DeFi landscape on the Sui network by enabling users to mint a stablecoin backed by a diverse range of collateral assets.