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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	0.11510559913
1	1.15
2	2.30
5	5.76
10	11.51
20	23.02
50	57.55
100	115.11
1000	1,151.06

USD	BUD
0.1	0.08687674687
1	0.86876746871
2	1.74
5	4.34
10	8.69
20	17.38
50	43.44
100	86.88
1000	868.77

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