BUCK Bucket Protocol BUCK Stablecoin Rank #698

BUCK is the native stablecoin of Bucket Protocol, a Collateralized Debt Position (CDP) platform built on the Sui blockchain. The protocol enables users to lock supported digital assets as collateral and mint BUCK against them, with the stablecoin functioning as the primary output of this minting process. The collateral accepted by Bucket Protocol spans several major asset classes, including SUI, BTC, ETH, and liquid staking tokens (LSTs). BUCK is designed as an over-collateralized stablecoin, meaning the value of the underlying collateral backing each minted token exceeds the value of the BUCK in circulation. This structure is intended to maintain the token's peg through liquidation mechanisms that activate when collateralization ratios fall below required thresholds. Within the Sui ecosystem, BUCK represents a decentralized alternative to centralized stablecoins, leveraging the network's high-throughput architecture for minting and settlement. Its use case extends beyond issuance, as holders can deploy BUCK across various DeFi applications on Sui for lending, trading, and liquidity provision, positioning it as a core component of the ecosystem's on-chain financial infrastructure.