DescriptionBUCK is a USD-pegged stablecoin users can mint by depositing collateral assets into Bucket. BUCK is backed by multiple types of over-collateralized digital assets, like BTC, ETH, and SUI

Category:crypto-backed

Minting and RedemptionBUCK aligns with the USD via "hard" and "soft" peg mechanisms. The "hard" peg is due to the redeemable nature of BUCK for SUI and a minimum collateral ratio of 110%. The "soft" peg comes from BUCK's perceived value equalling USD, and a borrowing fee that rises as more BUCK is redeemed, reducing BUCK supply