We're partnering with @bucket_protocol, a collateralized debt protocol built with #Move on #Sui!
Bucket users mint $BUCK to use in DeFi and soon GameFi/SocialFi 🔥
And launching on the Movement Network opens up Bucket to EVM users and liquidity while staying safe with Move 🔒🤝
Users can deposit collateral in Bucket to mint $BUCK, an overcollateralized stablecoin with 0% interest 👀
$BUCK can be deposited into @bucket_protocol's liquidation engine to earn fees or used in #Sui and soon Movement Network DeFi apps to earn yield.
M2, part of Movement Network, is the first Ethereum L2 that integrates Celestia for DA, Snowman for Shared Sequencing, and our MoveVM for execution.
Buckets' #Move apps will have access to EVM users and liquidity to collateralize $BUCK and offer many more places to use it!
twitter.com/movementlabsxyz/status/1727385496953958571
We envision $BUCK being used across different Aptos, Sui, and EVM environments powered by the Movement Network as a core piece of DeFi infrastructure.
Stablecoins secured by Move, taking $ETH and $BTC as collateral, and usable across EVM environments. 🤝
To learn more about @bucket_protocol and $BUCK, check out bucketprotocol.io/
About us:
Movement Labs is creating tools and infrastructure to enhance smart contract safety and the scalability of blockchain technology using the #Move Programming Language, empowering developers and users alike.
Build and grow #Move with us through our Open Builders Program.
Get connected with the team and other builders here: form.asana.com/?k=Xl2xu7DRyoQ-yUY-zMlnTg&d=1204965688263751
Join the Movement Community today!
Our community program offers special rewards and exclusive opportunities to everyone participating in the network: faceted-typhoon-624.notion.site/Welcome-to-the-Movement-Community-Program-98b9a1115b954e228b9907952ed04e5b