BUCK

The yield-bearing savings coin backed by STRC

Yield-Bearing Savings Coin

BUCK is a yield-bearing savings coin that delivers ~10% APY from STRC dividends. Unlike stable coins that maintain a fixed $1.00 price and provide no yield, BUCK holders earn monthly yield distributions from Strategy's contractual preferred stock dividends.

Yield is distributed automatically in BUCK each month. See Monthly Distribution for eligibility details.

Token Specifications

Property
Value

Name

Buck

Symbol

BUCK

Type

Yield-Bearing Savings Coin

Decimals

18

Standard

ERC-20

Chain

Ethereum

Contract

0xdb13997f4D83EF343845d0bAEb27d1173dF8c224

Starting Price

$1.00 (at launch)

Yield

~10% APY from STRC dividends

Max Supply

Unlimited (mint/burn model)

Minting BUCK

How to Mint

  1. Connect your wallet to buck.io

  2. Approve USDC spending

  3. Enter amount to mint

  4. Receive BUCK at current exchange rate

Minting Fees

Condition
Fee

Standard

10 bps (0.1%)

Redeeming BUCK

How to Redeem

  1. Connect your wallet to buck.io

  2. Approve BUCK spending

  3. Enter amount to redeem

  4. Receive USDC at current exchange rate

Redemption Fees

Condition
Fee

Standard

10 bps (0.1%)

*Redemptions not guaranteed. Redemptions done at Buck discretion and subject to market conditions.

DeFi Use Cases

In Liquidity Pools

Provide BUCK liquidity and earn:

  • Trading fees from swaps

  • Buck Points through the Buck Points Program

  • BUCK rewards via Merkl (during Season 1)

For current DeFi integrations, see Why Buck.

Exchange Rate Oracle

How Price is Determined

The Oracle Adapter contract calculates the BUCK exchange rate using STRC price data from RedStone:

Price Feed Components

Component
Source
Purpose

STRC Value

RedStone oracle

Value STRC treasury holdings

Reserve Balance

On-chain

Value USDC reserves

BUCK Supply

On-chain

Calculate exchange rate

Market Hours Handling

STRC trades during U.S. market hours only (Mon-Fri, 9:30 AM - 4:00 PM ET). The oracle:

  • Uses live pricing during market hours

  • Uses most recent market close price during off-hours

  • Circuit breakers for >15% moves


Next: Points Program →

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