Vaults and Pools
Deposits are managed through StripVaults. Each vault accepts a specific yield-bearing asset, issues PT, and applies the protocol’s yield routing rules. Every vault is paired with its own PT/STRIP liquidity pool, weighted 90/10 in favor of PT to reduce volatility and anchor pricing around principal.Deposit Lifecycle
A deposit begins by supplying a yield-bearing asset to a StripVault. The depositor receives PT equal to the dollar value of the deposit at entry. PT can then be staked or supplied as liquidity in the corresponding PT/STRIP pool to earn STRIP emissions. As yield accrues, the vault harvests it and routes it through fixed flows. Growth remains in the vault and compounds the principal base (89%). Buybacks are executed in the market to purchase and burn STRIP (10%). A small protocol fee is retained for operations (1%).Core Components
- StripVaults hold deposits and manage yield routing
- PT/STRIP pools (90/10) provide liquidity and price discovery
- Emission routing allocates rewards based on APR × TVL
- Lockless Boost adjusts reward share based on alignment over time