Skip to main contentWhat is Strip in one sentence?
A protocol that splits deposits into PT (principal) and STRIP (yield) and routes realized yield to compounding and perpetual STRIP buybacks.
Do I lose yield when I deposit?
You exchange individual yield for STRIP. Your outcome depends on vault performance, STRIP market dynamics, and your alignment status under the Lockless Boost.
Can I lose principal?
Protocol mechanics do not impair PT redemption, but principal is exposed to the underlying asset’s risk (e.g., sUSDe depeg, stETH slashing).
Is STRIP inflationary?
Emissions decline to near zero over time. Meanwhile, buybacks persist and remove STRIP from circulation. The system transitions from inflationary to deflationary.
How are emissions routed?
Emissions go to PT stakers (first 90 days) or PT/STRIP liquidity providers (after day 90). Allocation across vaults is based on APR × TVL to reward productive capital.
What is the Lockless Boost?
A behavior-based modifier. Aligned users climb from 5% toward 100% boost. Breaking alignment during emissions resets to 5%.
Why give up my yield?
You’re trading individual linear yield for a share of collective exponential yield. If the system grows and your STRIP appreciates beyond what you would have earned individually, you win. 