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What Strip Does

Strip lets you split yield-earning tokens into two separate pieces:
  • PT (Principal Token) - Redeemable 1:1 for the dollar value you deposited. Your principal is always accessible.
  • STRIP (Yield Token) - Your share of all yield generated across the entire system.
Here’s what makes it different: When you deposit, your yield is split. Half stays in the protocol forever and compounds, creating a growing pool that generates more yield over time. The other half is used to buy STRIP from the market.

In simple terms: You trade your individual yield for a share of everyone’s combined, growing yield. STRIP emissions start by going to PT stakers (first 90 days), then shift to PT/STRIP liquidity providers. Early depositors get the best deal: more STRIP per dollar and more time for compounding to work. Strip is perpetual. No expiry dates, no fragmented markets, one STRIP token across all vaults.