Skip to main contentHow It Works
Strip uses StripVaults to manage deposits. Each vault accepts a yield-bearing asset (like sUSDe), gives you PT tokens, and handles the yield split. Every vault has its own PT/STRIP pool weighted 92/8.
What Happens When You Deposit
- Deposit your yield-bearing tokens, receive PT equal to the dollar value deposited
- Stake your PT or provide liquidity in the PT/STRIP pool to earn STRIP
- The vault harvests yield and splits it:
- 50% Growth - Stays in the vault, makes it bigger
- 49% Buybacks - Used to buy STRIP from the market
- 1% Protocol Fee - Covers operations
The Key Parts
- StripVault - Holds your deposits and manages yield.
- PT/STRIP Pool (92/8) - Where PT and STRIP trade. Heavily weighted to PT for stability.
- Emission Routing - STRIP rewards go to pools based on APR × TVL across vaults. More productive vaults get more emissions.
- Lockless Boost - Rewards users who stay aligned with the protocol over time.
