LP wUSDC-BUCK(Cetus)

Bucket Protocol is a system. It promotes greater capital efficiency on digital assets without unforeseen interest payments. It does so by enabling the minting of BUCK after an amount of collateral is deposited.

BUCK is a multi-collateral stablecoin. Due to Bucket’s redemption mechanism and auto-adjusted fees, its value is pegged to the US dollar and will remain consistently at $1. Also, BUCK holders can swap their BUCK for collateral at any time.

On Bucket Protocol, you can stake your assets into a smart contract and set up a personal account called “Bottle”. Thus, you can create BUCK at a minimum collateral ratio of 110% and then generate liquidity in no time.

On Bucket Protocol, 1. You can access liquidity at a fixed interest rate and use your BUCK freely in the DeFi market. 2. You can enjoy a low collateral ratio and multiple types of collateral. 3. You'll face a two-layer liquidation mechanism, arbitrage mechanisms, and the Flash Loan service to maintain the peg. 4. You'll enjoy an algorithmic monetary policy that doesn't need governance, is censorship-resistant, and even has growth incentives in the form of BKT, Bucket's secondary token.

The collateral ratio refers to the one between the dollar value of your collateral in Bucket Protocol’s “Bottle” and your loans in BUCK. It fluctuates as the price of your collateral changes.

Liquidation happens when your collateral ratio is below 110%. Some of your assets will be liquidated in repayment of your loans in BUCK.

After minting your BUCK, you can add liquidity to a pair consisting of BUCK or to a protocol like Aftermath or Cetus. Then you’ll receive an LP token, which you can stake into Bucket Protocol’s “Fountain” to maximize your yield.