Bucket Protocol (Crypto) A Promising Decentralized

1. Introduction to Bucket Protocol and Its Operational Model

Bucket Protocol is a standout decentralized finance (DeFi) protocol in the crypto space, built on the Sui blockchain. It allows users to borrow the stablecoin BUCK by collateralizing crypto assets such as SUI, ETH, BTC, CETUS, and liquid staking tokens (LSTs). BUCK is pegged to the US dollar and is issued via a Collateralized Debt Position (CDP) mechanism—similar to MakerDAO on Ethereum, but optimized for capital efficiency.

The collateralization ratio is flexible, ranging from 110% to 150% depending on the asset type. If the collateral value drops below the required threshold, the system automatically triggers liquidation to ensure stability. This innovation within the Sui crypto ecosystem allows users to maximize capital efficiency while maintaining system safety.

2. Price Stability Mechanisms and Yield Opportunities with BUCK

A core strength of Bucket Protocol is its Peg Stability Module (PSM), which enables users to swap BUCK with other stablecoins like USDT or USDC at a 1:1 ratio. This mechanism helps BUCK maintain its USD peg, reducing volatility and increasing user confidence—especially among crypto investors seeking a reliable decentralized stablecoin on Sui.

Additionally, Bucket Protocol offers a BUCK Savings Rate (BSR), allowing users to deposit BUCK and earn interest over time. This not only encourages users to hold BUCK but also creates value through passive income. In the ever-volatile crypto market, protocols offering capital protection and stable returns like Bucket Protocol are gaining significant attention.

3. BUT Token Details and Its Potential in the Crypto Market

BUT is the governance and utility token of Bucket Protocol, built on the Sui blockchain with a total supply of 1 billion tokens. The distribution is well-structured: 33% allocated to the ecosystem, 15% to the team, 15% for pre-sale, 10% for airdrops, and the remainder for liquidity, marketing, partners, and advisors. The unlocking schedule is carefully designed to manage circulating supply and prevent massive dumps—an important consideration in the crypto market.

Currently, BUT is priced around 335 VND (~$0.013), with a market cap of approximately 132 billion VND. It reached an all-time high of around 3,160 VND in January 2025 but dropped to 63 VND in May 2025, reflecting the high volatility typical of new crypto assets. Despite that, after successfully raising $750,000 through an ICO and partnering with projects like Cetus, Navi, and Aftermath, Bucket Protocol is gradually asserting its presence in the DeFi crypto landscape.