The Explosion of the Sui Ecosystem: The Stablecoin Project Bucket Brings New Opportunities

The Sui ecosystem has recently shown explosive growth, with the stablecoin project Bucket Protocol attracting the attention of many investors as a key player. As the largest decentralized stablecoin protocol on the Sui network, Bucket has achieved a total locked value (TVL) growth of 145% over the past month, reaching a scale of 22 million dollars.

In order to further promote ecological development, Bucket has launched an innovative points system. This system allows users to redeem the protocol token BUT in the future, and the points leaderboard and the token generation event (TGE) are expected to be completed in the fourth quarter of this year. This short-term efficient airdrop activity, combined with the substantial returns provided by stablecoin deposits, with an annualized yield of about 20% for (, makes participation in this protocol a very attractive option.

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Overview of Bucket Protocol

Bucket Protocol issues a decentralized stablecoin BUCK on the Sui network, which is pegged to the value of 1 US dollar. BUCK is supported by over-collateralized Sui, LST, or other crypto assets. Since its launch on June 29 last year, the protocol has been operating stably for over a year, and BUCK has not experienced any significant de-pegging events.

) Main features:

1. Fixed interest liquidity: Borrowers can obtain BUCK at a fixed rate without worrying about interest rate fluctuations.

2. Low collateral ratio: a minimum collateral ratio of 110%, while ensuring system stability.

3. Stability mechanism: Ensure that BUCK is pegged to the US dollar at a 1:1 ratio through mechanisms such as arbitrage and the Peg stability module (PSM).

4. No governance operation: All parameters are preset and controlled by algorithms, requiring no human intervention.

5. sBUCK Earnings: Users deposit BUCK to obtain sBUCK, and can earn a fixed return through the BUCK savings rate ###BSR(.

6. Ecosystem Integration: BUCK can be used across multiple projects within the Sui ecosystem, enhancing its usability.

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Airdrop Participation Guide

The Bucket has completed a snapshot for old users on September 23, and now all users can participate in the new points leaderboard activity.

) Ways to earn points:

1. Open a lending position: Deposit SUI LST as collateral to borrow BUCK, earning 1 point for every 1 BUCK per hour.

2. sBUCK Deposit: For every 1 sBUCK deposited, you earn 1 point per hour.

3. Additional Points for Integrated Projects: Deposit 1 ST-SBUCK in the Strater's BUCK Savings Vault to earn 1.1 points per hour.

Participation Steps:

1. If there is an existing position, go to the rewards or dashboards page and click "Start to earn points" to begin earning points.

2. Accumulate points according to the rules: Open a CDP, deposit sBUCK, or deposit BUCK in the Strater Savings Vault.

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3. View the leaderboard and detailed point information under the Bucket branch on the Liquidlink points page.

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For new users, the easiest way to participate is to exchange stablecoins for BUCK and deposit them into Bucket, which can yield approximately 20% annualized returns and accumulate airdrop points. It should be noted that the most commonly used stablecoin on the Sui network is USDC on the Ethereum mainnet bridged through Wormhole.

![Quarterly Coin Distribution! Sui Stablecoin Blue Chip Project Bucket Airdrop Tutorial])https://img-cdn.gateio.im/webp-social/moments-b33b30ab933ef2cae5166ce63d74401e.webp(

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With the continuous development of the Sui ecosystem, Bucket is expected to become one of the core infrastructures in the decentralized finance sector of the network. Its upcoming token not only provides users with participation opportunities but also injects new vitality into the Sui ecosystem. Bucket's innovations in stablecoins and the DeFi sector will offer users stable returns and a way to participate in a broader DeFi ecosystem.

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