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stSTRIP is the staking layer for STRIP. PT/STRIP pools charge a fixed 0.3% swap fee on every trade, and 70% of that fee routes to stSTRIP, where it is distributed to staked STRIP holders. Fees collected in PT are converted to STRIP through the v4 pool before distribution, so stSTRIP rewards are always paid in STRIP.

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Earning STRIP vs. capturing fee flow

The distinction is deliberate:
  • Providing liquidity earns STRIP. LPs receive 10% of swap fees through pool reserves and compete for STRIP emissions through staked sWLP.
  • Staking STRIP captures protocol fee flow. The 70% stSTRIP share is not granted for providing liquidity alone; it is captured by turning earned or acquired STRIP into stSTRIP.
This keeps incentives clean and adds a final layer of alignment: participate to earn STRIP, then stake that STRIP to own the fee flow generated by the market you helped deepen.

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Lockless by design

stSTRIP has no minimum, no cooldown, and no withdrawal queue. Staking and unstaking are instant. Consistent with the rest of the protocol, alignment is rewarded rather than enforced.

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One alignment clock

Boost applies across stSTRIP and every other incentive venue. A user holding STRIP, staking STRIP into stSTRIP, and providing liquidity through sWLP shares one boost multiplier across all aligned positions: one alignment clock per user, applied wherever that user is exposed to STRIP. Moving STRIP into stSTRIP does not read as a wallet drop and does not reset the clock.

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Relationship to buyback and burn

stSTRIP does not replace buyback and burn; it sits beside it. Vault yield funds the burn: routed yield buys STRIP and removes it from circulation. Trading fees fund stakers: swap-fee flow is distributed to stSTRIP. Together, they make STRIP more than an emitted reward: earned through participation, bought through routed yield, burned through the core loop, and staked to capture fee flow from market activity.