BOOKUSD
BUD#7366
$1.01
24H -0.1%7D -1.4%30D -3.2%
BLOCKINSIDERLoading1Y price · Live market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| PancakeSwap V3 (BSC) | 0XC28957E946AC244612BCB205C899844CBBCB093D/0X8AC76A51CC950D9822D68B83FE1AD97B32CD580D | $3.86K | 0.63% | TRADE |
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BUD is a decentralized stablecoin designed to maintain a soft peg to the US Dollar. It is the native stablecoin of the BOOKUSD protocol, a borrowing platform deployed on the BNB Chain. Users can mint BUD by depositing BOOK tokens as collateral, enabling access to on-chain liquidity without needing to sell their assets.
The BOOKUSD protocol is a fork of Liquity V1, originally built on Ethereum, but modified to use BOOK—an asset native to the BNB Chain—instead of ETH as collateral. The protocol offers interest-free borrowing and operates with a liquidation mechanism based on collateral ratios and stability pools to maintain system health..
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