About Bucket
Bucket Protocol is a decentralized stablecoin protocol designed to provide a stable and reliable digital currency. By leveraging blockchain technology, Bucket Protocol enables users to borrow $BUCK, a stablecoin pegged to the US dollar, in exchange for collateralizing their crypto assets.
To access $BUCK, users create a collateralized debt position (CDP) on the Bucket Protocol platform. This involves depositing crypto assets as collateral, such as Bitcoin or Ethereum. The protocol then assesses the value of the collateral and lends out $BUCK to the user. The amount of $BUCK that can be borrowed is determined by the value of the collateral and the protocol's liquidation risk parameters.
Bucket Protocol aims to provide a decentralized alternative to traditional financial systems, offering users a way to access liquidity and leverage their crypto assets without relying on intermediaries. By maintaining a stable price and providing a secure and transparent platform, Bucket Protocol seeks to contribute to the growth of the decentralized finance (DeFi) ecosystem.
Company Information
- Category
- DeFi (Decentralised Finance)
- Website
- www.bucketprotocol.io
- Listing Type
- Standard
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