what's Bucket Protocol?
Bucket Protocol is a decentralized lending protocol built on the Sui Network, specializing in collateralized debt positions (CDPs). Users deposit digital assets as collateral to mint the native stablecoin $BUCK, enabling interest-free loans and efficient capital utilization in DeFi. The protocol leverages Sui's low gas fees and parallel execution for a seamless user experience, supporting features like high-yield opportunities through real-world assets (RWAs) via partnerships such as Ondo Finance. The ecosystem includes the $BUT governance token, used for airdrops, incentives, and community engagement across Sui projects. Bucket emphasizes capital efficiency with integrations for liquidity provision, swapping, and lending on platforms like Cetus and Suilend, positioning it as a core CDP primitive in the Sui DeFi landscape.
Bucket Protocol launched a $4,500 reward campaign with Scallop for tasks and badges.
Launched a campaign with Scallop offering $4,500 in ecosystem-wide rewards for completing tasks and unlocking badges.
Included in a comprehensive ecosystem analysis alongside other money market protocols (Suilend, Navi, Scallop, AlphaFi, OmniBTC) as part of the Sui DeFi landscape.