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

Example (assuming BUCK price is $1.05):
Deposit 1,050 USDC → Receive 1,000 BUCK

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

Example (assuming BUCK price is $1.05):
Burn 1,000 BUCK → Receive ~1,049 USDC (after 10 bps fee)

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

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Next: Points Program →