Token Design

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STRIP - Yield Token

• Perpetual exposure to system-wide yield
• Demand driven by continuous buybacks from every vault and protocol fees
• Market-tradable and LP-able in PT/STRIP pools
• No governance rights (protocol is immutable)

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PT - Principal Token

• Redeemable 1:1 for dollar value of vault collateral deposited
• Serves as the stable asset in PT/STRIP pools
• Composable for external integrations
• Vault-specific (sUSDe-PT, stETH-PT, etc.)

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Supply at Genesis

• Emissions: 90% (900M STRIP, exponential decay)
• Team & Investors: 10% (100M STRIP)

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Vesting Schedules

• Team - 12-month cliff, linear vesting over 36 months (fully vested at month 48)
• Investors - 12-month cliff, linear vesting over 24 months (fully vested at month 36)