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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.

BOOKUSD

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BUD	USD
0.1	0.09765664276
1	0.97656642765
2	1.95
5	4.88
10	9.77
20	19.53
50	48.83
100	97.66
1000	976.57

USD	BUD
0.1	0.10239958815
1	1.02
2	2.05
5	5.12
10	10.24
20	20.48
50	51.20
100	102.40
1000	1,024.00

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