What problem does it solve?
Bucket Protocol on Sui makes it straightforward to manage collateralized debt positions, mint BUCK stablecoins, and handle liquidations, providing a structured framework for stablecoin issuance and risk management in a multi-collateral context.
Core Features & Use Cases
- CDP management: Create and manage Bottles, adjust collateral and debt, and prioritize liquidations via the sorted bottle list.
- Minting, redemption & liquidity: Mint BUCK against collateral, redeem BUCK for collateral, and participate in the stability pool and Well staking for rewards.
- Real-world scenario: A user deposits SUI to open a bottle, mints BUCK, later withdraws collateral or redeems BUCK during favorable price moves, while earning rewards from tank and well.
Quick Start
Explain end-to-end how to open a bottle, mint BUCK, and liquidate collateral on Bucket Protocol.