Skip to main content1. Perpetual Yield Stripping
Transforms yield-bearing collateral into two composable assets:
- PT (Principal Token) - Redeemable for dollar value deposited
- STRIP (Yield Token) - Perpetual claim on system-wide yield
No expiry dates. Yield flows perpetually. STRIP becomes the universal yield token across all vaults, forming a unified claim on system-wide yield.
2. Continuous Yield Routing
Every vault’s yield is split into three flows:
- 50% Growth - Compounds vault principal, expands future yield capacity
- 49% Buyback - Buys STRIP from the market, creates scarcity
- 1% Protocol Fee - Also routed into STRIP buybacks
These flows form a reflexive loop: growth leads to buybacks, buybacks create scarcity, scarcity drives value, value attracts deposits, deposits create more yield.
3. Exponential Decay Emissions
Emissions start high and decline smoothly over time. The curve is predictable and deterministic.
First 90 days: emissions go to PT stakers (coordination phase).
After 90 days: emissions shift permanently to PT/STRIP LPs (competition phase).
4. Merit-Based Emission Routing
Different vaults produce different yields. Emissions route based on APR × TVL so each pool receives rewards proportional to its productivity.
This keeps incentives aligned and prevents unproductive capital from extracting value.
5. Lockless Boost
A reputation system that rewards consistent alignment without requiring locked capital. Boost rises slowly while users stay aligned and resets instantly if they break alignment.
Market price changes are ignored. Only user actions matter. Alignment replaces lockups.
6. STRIP as Universal Yield Sink
STRIP is the universal yield token across all vaults. All protocol yield flows converge into STRIP through continuous buybacks. Its value reflects total network yield and activity, making STRIP a self-indexing asset where system growth directly increases scarcity. 