Bucket Protocol V2
Moderate risk — well-designed CDP protocol with multiple peg stability mechanisms, but oracle dependency and Sui immaturity create meaningful risk during market stress.
Top Risks
1
BUCK peg stability depends on multiple modules (PSM, CDP, Tank, redeem) — failure of any could break the peg
2
Oracle dependency for SUI, BTC, ETH creates liquidation risk during rapid price drops
3
Zero-interest borrowing may create adverse selection and bad debt accumulation
4
Sui ecosystem still young with limited DeFi composability for BUCK
Risk Breakdown
Frequently Asked Questions
Is Bucket Protocol V2 safe to use?
Bucket Protocol V2 receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — well-designed CDP protocol with multiple peg stability mechanisms, but oracle dependency and Sui immaturity create meaningful risk during market stress. Bucket Protocol V2 is the first CDP protocol on Sui, allowing users to deposit SUI, BTC, or ETH as collateral to borrow BUCK stablecoin at zero interest. With $12M TVL, it features a stability pool (Tank), peg stability module (PSM), and savings pool. It uses Liquity-inspired mechanics adapted for Sui.
What are the main risks of using Bucket Protocol V2?
The key risks identified for Bucket Protocol V2 are: (1) If SUI price drops sharply, your collateral could be liquidated (2) BUCK depends on multiple stability mechanisms that could fail during extreme conditions (3) Sui ecosystem is young, limiting where you can use BUCK
What is Bucket Protocol V2's risk score breakdown?
Bucket Protocol V2 scores 34/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 5/20, Oracle Surface: 5/10, Documentation Gaps: 2/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 5/10, Vitality Risk: 5/10. The highest risk area is Oracle Surface at 5/10.
How does Bucket Protocol V2 compare to other CDP protocols?
Among 25 rated CDP protocols on Hindenrank, Bucket Protocol V2 ranks #9 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it among the safer CDP protocols.
Has Bucket Protocol V2 ever been hacked or exploited?
Bucket Protocol V2 scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.
Last scanned 2026-02-26