✍️Introduction

BOOKUSD is a decentralized borrowing protocol built on the Binance Smart Chain. It enables users to access interest-free loans by collateralizing their BOOK. Loans are issued in BUD, a USD-pegged stablecoin. The protocol is governed by the BUSS Token. Key Features: Interest-Free Borrowing: Borrowers can take out loans without incurring interest.

BUD Stablecoin: Loans are issued in BUD, which is soft-pegged to the USD.

Fully Decentralized: BOOKUSD operates with no central authority. Tokens: BOOK token: The featured utility token of the BOOKUSD platform. BSC CA: 0xC9Ad421f96579AcE066eC188a7Bba472fB83017F BUD: BUD is the stablecoin issued by the BOOKUSD protocol. It is soft-pegged to the USD. BSC CA: 0xc28957E946AC244612BcB205C899844Cbbcb093D

BUSS Token: BUSS is earned by Stability Pool participants and through other incentivized activities. BSC CA: 0xfC35Bf79270bCad22Ce7dd5651Aa2435fce9b7C5

Initial BUSS Trading

50,000 BUSS was paired with 46 BNB for initial liquidity.

How It Works:

Collateralization:

Users deposit BOOK into the protocol as collateral to open a trove. The collateral must maintain a minimum ratio of 140% relative to the borrowed BUD. Borrowing: Borrowers can withdraw BUD up to their borrowing limit, determined by the collateral ratio.

A one-time borrow fee ( 4% ) is applied to the loan.

Redemption: BUD holders can redeem their tokens for BOOK at face value, ensuring the stability of BUD's USD peg. A redemption fee incentivizes stability and discourages frequent redemptions.

Liquidation: If a troves collateral ratio falls below 140%, that trove is liquidated to ensure the system's solvency. Stability Pool: Users can deposit BUD into the Stability Pool, which is used to absorb liquidated debt. Depositors earn BUSS rewards.

BUSS Tokenomics

35 Million token hard cap

50k Initial liquidity 200k migration from BUS 2.75M Team 32 Million stability pool rewards Remaining supply will be used to fund LP bonding for protocol owned liquidity and other incentives to benefit the protocol