Strip turns productive collateral into recurring STRIP demand.
Productive collateral is the base layer of onchain capital. It earns while it sits. But most yield is treated as income, not coordination: it leaves the asset, leaves the protocol, and leaves no persistent bid behind. Strip changes the destination. Depositors place supported yield-bearing collateral into Strip and receive Principal Tokens (PT) representing their deposited value. Principal stays liquid: there are no expiries, no lockups, and no withdrawal queues. The yield is what moves.The core loop
Realized yield is split by a fixed rule:- 50% buys and burns STRIP, converting protocol output into recurring token demand and supply reduction.
- 50% compounds back into the collateral base, increasing the yield the system can produce next cycle.
Alignment without lockups
Principal Token stakers and PT/STRIP liquidity providers compete for emissions. Their share is amplified by Lockless Boost: multipliers that grow with sustained participation and reset the moment alignment breaks. Capital can always leave. The advantage belongs to users who stay.Where to go next
- Why Strip Exists: the thesis in two minutes.
- How Strip Works: the deposit-to-burn lifecycle.
- Launch Phases: Genesis (the 30-day launch window), the onchain claims date, and the emission-split policy.
- System Architecture: every component and how they connect.
- Trust Assumptions and Risks: what is fixed in code, what is not, and what can go wrong.