STRIP is the asset the system routes toward: Supported collateral enters Strip. Principal remains liquid through Principal Tokens. Yield is harvested, split, and routed. Half of realized yield buys and burns STRIP. The other half compounds back into the collateral base.
This gives STRIP a recurring source of demand tied to productive capital. The token is not only emitted to attract deposits. It is also accumulated by the system through yield generated by those deposits. Emissions distribute STRIP to aligned participants. Buybacks pull STRIP back from the market and remove it from circulation.
The two forces work against each other by design: Early in the system, emissions are used to build the collateral base and deepen PT/STRIP liquidity. As the productive base grows, routed yield grows with it. Over time, buybacks become a larger share of the token’s economic gravity.
STRIP is the claim users compete for. PT holders stake to earn it. Liquidity providers supply PT/STRIP liquidity to earn it. Productive collateral routes yield into buying it. Burn removes it.
The token sits at the center of the loop: Collateral creates yield. Yield creates demand. Demand reduces supply. Incentives direct participation back into the system.
STRIP has a fixed maximum supply of 1,000,000,000 tokens. 900,000,000 STRIP (90%) are allocated to emissions and distributed through the fixed decay schedule. 100,000,000 STRIP (10%) are allocated to the team and investors.
Mechanism Design