Bucket Protocol price

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Bucket Protocol is a decentralized stablecoin protocol that enables users to maximize the financial efficiency of their crypto assets without incurring unforeseen interest payments. By depositing crypto assets into a smart contract, users create a Collateralized Debt Position (CDP). This allows them to generate liquidity instantly by borrowing $BUCK, a stablecoin pegged to the US dollar.

To ensure the system’s stability, each CDP (or “Bottle”) must maintain a minimum collateral ratio (MCR) of 110%, although this ratio may vary depending on the specific collateral type. At any point, $BUCK holders have the option to exchange their stablecoins for the underlying collateral.