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Depositing into Strip converts a supported yield-bearing asset into that vault’s Principal Token. Your principal claim stays liquid the entire time: there is no lockup, no maturity, and no withdrawal queue.

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Deposit

1

Open the app

Go to app.stripyield.com and connect your wallet.
2

Choose a vault

Select the vault for the asset you want to deposit (for example, sUSDE). Each vault accepts one asset and issues its own Principal Token; PTs are never pooled across underlyings.
3

Approve and deposit

Enter the amount, approve the token if prompted, and confirm the deposit. You receive Principal Tokens equal to the value of your deposit at entry.
4

Optional: stake in the same transaction

The app can route your deposit through the DepositRouter, which deposits and stakes the resulting PTs atomically in one transaction. This is useful if your goal is earning emissions from day one.
Once deposited, your collateral keeps producing yield inside the system. That yield is separated from your principal and routed by the protocol: half compounding the vault, half buying and burning STRIP. See Yield Routing.

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Withdraw

1

Unstake if needed

If your PTs are staked, unstake them first. Unstaking Principal Tokens is boost-neutral: your Lockless Boost clock tracks STRIP exposure, not PT positions. It simply stops emission accrual on the position.
2

Redeem

In the vault view, enter the amount of PT to redeem and confirm. Redemption goes through the vault mechanics directly, with no admin approval and no queue.

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Good to know

  • Withdrawals are user-controlled. Admins cannot gate, delay, or approve redemptions. See Trust Assumptions.
  • PTs are transferable. You can also exit by selling PT into your vault’s PT/STRIP pool instead of redeeming, subject to pool pricing and liquidity.
  • Vault activity depends on a live rate feed. Deposits and withdrawals require a fresh oracle price, and rate-protection bounds can pause vault activity if rate data behaves incorrectly. If the vault is paused, emergency pro-rata withdrawals remain available. See Risks.