Phases
Strip evolves through four natural phases. Understanding where you are determines your optimal strategy.Phase 1: Coordination
What’s happening: Building the foundation. Emissions go to: PT stakers only. Your move: Stake PT to earn STRIP and build boost score. Why it matters: Early stakers accumulate the highest boost scores and largest STRIP allocations. This phase establishes vault TVL and initial alignment.Phase 2: Competition
What’s happening: Liquidity deepens, emissions still flowing strong. Emissions go to: PT/STRIP pool LPs. Your move: Migrate to LP positions to keep earning. Why it matters: Highest absolute emissions happen here. Buybacks are ramping up but emissions still dominate. Users compete for rewards through boost scores.Phase 3: Crossover
What’s happening: Buybacks start exceeding emissions. Emissions: Declining rapidly. Buybacks: Growing with TVL. Your move: Hold STRIP and maintain alignment for remaining emissions. Why it matters: This is when the model proves itself. The protocol becomes net deflationary while still distributing rewards.Phase 4: Scarcity Endgame
What’s happening: Emissions near zero, buybacks dominant. Emissions: ~10% of peak. Buybacks: 90%+ of value flow. Your move: Hold STRIP for scarcity value. Why it matters: Late holders benefit from all the early compounding work. STRIP becomes a scarce claim on perpetually growing yield.The Incentive Shift
| Phase | User Focus | System Effect |
|---|---|---|
| Coordination | Stake PT to build TVL | Establishes vault base and alignment |
| Competition | Provide LP and stay aligned | Deepens liquidity and market participation |
| Crossover | Hold and accumulate STRIP | Reduces float and strengthens scarcity |
| Scarcity | Maintain alignment | Sustain value through buybacks |