Bucket CDP Review: What to Check Before Using It
Bucket Protocol is a Sui-based collateralized-debt platform, but key details about fees, collateral and its stablecoin need checking before you use it.
By the SkyBitcoins review team · Updated
At a glance
Bucket CDP key facts
| Type | Collateralized debt position (CDP) protocol |
|---|---|
| Chain | Sui |
| Stablecoin | Protocol description refers to BUCK; homepage metadata says USDB |
| Token | BUT and deBUT appear in staking documentation |
| Audits | Two audits listed; report details unclear |
| Value locked | $13.7M−4.2% 7d |
| Updated |
Bucket CDP FAQs
What does Bucket Protocol do?
Bucket Protocol is a Sui DeFi protocol that lets users lock crypto collateral and borrow a stablecoin through a collateralized debt position (CDP). The published description also mentions flash loans and liquidation mechanisms, but specific supported assets and borrowing terms are not clear.
Does Bucket use BUCK, USDB or BUT?
Bucket’s protocol description refers to BUCK, while its official homepage metadata describes USDB. BUT and deBUT also appear in staking documentation. Confirm the exact token and contract addresses in the official app or documentation before connecting a wallet or moving funds.
Is Bucket audited, and what does it cost?
Two audits are listed for Bucket, but the auditor names, report dates, scope and findings are not clear. Fees, liquidation thresholds and borrowing limits also need checking before you deposit collateral; a CDP can liquidate your collateral if its rules are breached.
Compare
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Triton offers RPC, validator and data services across three chains, but confirm pricing and service commitments before relying on it.
Smithii offers broad no-code token tools, especially on Solana, but check each fee and transaction carefully before signing.
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How we checked
Sources
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