Analysis of Wealth Opportunities in the Sui Ecosystem Explosion

The Bucket Protocol, the largest decentralized stablecoin protocol in the Sui ecosystem, has recently shown impressive performance, with its TVL growing by 145% over the past month, reaching 22 million USD. To further promote development, Bucket has launched a points system, allowing users to participate and gain the opportunity to exchange for the future protocol token BUT. This activity is expected to conclude in the fourth quarter, at which time the points leaderboard will be announced and token generation will take place.

Even without considering airdrops, Bucket offers considerable stablecoin yields, with an APY fluctuating around 20%. This makes participation in the protocol highly cost-effective.

Protocol Features and Highlights

Bucket Protocol issues the decentralized stablecoin BUCK on the Sui network, which is pegged to the US dollar at a 1:1 ratio. BUCK is backed by over-collateralized Sui, LST, or other crypto assets. Since its launch on June 29 of last year, BUCK has remained stable and has not experienced any significant depegging events.

As an important development team in the Sui ecosystem, Bucket has received strong support from the Sui Foundation, including ecosystem grants and SUI token incentives.

Main features:

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

2. Low collateral ratio: A minimum collateral ratio of 110% ensures system stability through an efficient liquidation mechanism.

3. Arbitrage and Peg Stability Module (PSM): Ensures that BUCK is pegged to the dollar and supports 1:1 exchange with other stablecoins.

4. No governance operation: All parameters are preset and controlled by algorithms, without human intervention.

5. sBUCK Earnings: Users receive sBUCK after depositing BUCK, and can earn fixed returns through the BUCK Savings Rate (BSR).

6. Wide Application: BUCK can be used in multiple projects within the Sui ecosystem, enhancing its practicality.

Airdrop Rules and Participation Methods

The Bucket completed the snapshot of old users on September 23, and currently all users are participating in the points leaderboard activity from the same starting line.

Three ways to earn points:

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

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

3. Participate in integration projects: Deposit ST-SBUCK in the BUCK Savings Vault of Strater, earning 1.1 points per hour for each.

Participation Steps:

1. For users with existing positions, go to the rewards or dashboards page and click "Start to earn points" to begin earning points.

2. Start accumulating points according to the rules. You can open a CDP, deposit sBUCK, or deposit BUCK in the Strater Savings Vault.

3. Check the leaderboard and detailed points situation on the Liquidlink points page.

Recommended Gameplay

For users who are new to the Sui ecosystem DeFi, the simplest method is to exchange stablecoins for BUCK and deposit them into Bucket. This not only allows for an annual yield of approximately 20% on stablecoins but also accumulates Bucket airdrop points.

It is important to note that the most commonly used stablecoin on Sui is the USDC from the Ethereum mainnet bridged through the Wormhole. Stablecoins from other chains such as Solana, Arbitrum, and BNB may not be directly usable and need to be exchanged for BUCK through the Swap function of Bucket or Aftermath.

Summary

With the rapid development of the Sui ecosystem, Bucket Protocol, as an important stablecoin project, is expected to become one of the core infrastructures of this ecosystem. Its upcoming token and airdrop activities not only provide users with participation opportunities but also inject new vitality into the overall development of the Sui chain.

As various projects on Sui gradually mature, Bucket is expected to play a key role in the decentralized finance sector, becoming an important channel for users to obtain stable returns and participate in the DeFi ecosystem.