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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	0.12170380646
1	1.22
2	2.43
5	6.09
10	12.17
20	24.34
50	60.85
100	121.70
1000	1,217.04

USD	BUD
0.1	0.08216669872
1	0.82166698729
2	1.64
5	4.11
10	8.22
20	16.43
50	41.08
100	82.17
1000	821.67

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