A Bucket is an intermediary instrument between Lenders and Traders. It is a combination of a liquidity pool and trading rules. There are multiple Buckets in Primex which differ by parameters and profitability. For more details, kindly refer to What are Credit Buckets.
To see available Credit Buckets, navigate to the Buckets page.
To open the Buckets page from any place on the App website you have to click Lend in the upper left corner and then click Buckets in the drop-down menu.
There are multiple Buckets in Primex, each with its own unique set of parameters and profitability. Let's take the example of the Primex Bucket WETH.
The Bucket Card widget provides the following information about the WETH Bucket:
Bucket name - Primex Bucket WETH 4. As its name and symbol suggest, this Bucket accumulates liquidity in Wrapped Ether (Main Asset).
Deposited - the amount of tokens deposited by you in the Bucket ("-" means you currently don't have funds deposited to this particular bucket).
Interest Rate - annual percentage yield (interest for Lenders). Interest Rate is a dynamic parameter that depends on the Utilization Ratio.
NOTE:Actual Interest Rate is showing for active and Stabilization buckets only. In the Accumulation stage, you will see the approximate Estimated Interest Rate which may change after the bucket launches. To learn more about Bucket stages, see Bucket stages explained.Your reward - your current Early Primex token (ePMX) reward that you can claim anytime when the Bucket is active. If you are participating in liquidity mining, you will be able to claim ePMX rewards only after the end of the Stabilization stage (see Bucket stages explained).
Available Liquidity - the current amount of liquidity available in the Bucket.
Bucket Supply - the total amount of liquidity in the Bucket at that moment, including borrowed liquidity and accumulated fees.
Bucket Demand - the amount of liquidity currently being borrowed from the Bucket.
Utilization Ratio - the percentage of liquidity borrowed by Traders from the Bucket (Bucket Demand divided by Bucket Supply).
Max leverage - the maximum leverage allowed for Traders. The leverage is limited depending on the pair volatility to protect both Lenders and Traders from huge losses.
Bucket Rewards - daily rewards in ePMX per Bucket.
Traded Assets - icons of the assets available for trading in that Bucket. Traders borrow the Bucket's Main Asset and exchange it for these assets when opening their positions.
NOTE: You will also see the explanation of each parameter when you hover over it with your cursor.
Often, we need more detailed information about Buckets. For this reason, we have the Bucket Details page. You can always reach it by clicking on the Bucket's name or its Main Asset symbol. For more details, please refer to How to check Bucket Details.