Bucket Protocol is a decentralized CDP stablecoin and borrowing protocol on Sui, co-founded by Damien Chen, that enables capital-efficient borrowing against BTC and SUI collateral. Bucket Protocol's Twitter Score is 24 out of 1000 as of September 2026, ranking #40,440 (top 10%) among 486,037 tracked accounts.
Bucket Protocol operates as a collateralized debt position protocol built on Sui, offering per-asset isolation, fixed interest rates, and protocol-run liquidations. The protocol issues BUCK, its native stablecoin, and its governance and utility token is BUT. A major protocol upgrade migrated legacy BUCK and BUCK-denominated debt to USDB at a 1:1 conversion, removed the one-time borrowing fee and Recovery Mode, and replaced the Tank mechanism with protocol-run liquidations.
Bucket Protocol received support through the Sui Foundation's developer-grant program. Its public audit repository covers V1 audits by OtterSec and MoveBit, and V2 audits by MoveBit, Hashlock, and Quantstamp, reflecting a multi-firm approach to smart contract security. Bucket Protocol has published 2,323 posts on the platform. The account has been mentioned by 95 accounts, with 285 total mentions.
Who follows Bucket Protocol on X?
The accounts that follow Bucket Protocol include 93 founders, 22 angel investors, 75 influencers and 4 VCs. Among them are SL Big Brain, Sui, Redphone, Wangarian, Pyth Network and Ashen.