Yield Overview

How BUCK delivers ~10% APY through STRC dividends

The Yield Engine: STRC

BUCK's yield comes from its holdings of STRC — Strategy's perpetual preferred stock traded on NASDAQ. STRC pays contractual quarterly dividends to the Buck Treasury, and Buck Protocol passes this yield through to BUCK holders via monthly distributions.

Real Yield from Real Assets

BUCK delivers ~10% APY from STRC's contractual dividends — not token emissions, funding rates, or trading strategies. This yield is backed by Strategy's $60B+ Bitcoin treasury and $2.25B in cash reserves.

What is STRC?

Property	Details
Issuer	Strategy (NASDAQ: MSTR)
Type	Series A Perpetual Preferred Stock
Ticker	STRC (NASDAQ)
Dividend Rate	Paid quarterly
Backing	Strategy's Bitcoin treasury ($60B+)
Cash Reserves	$2.25B
Dividend Coverage	77.4 years at current rates
Overcollateralization	5x by Strategy's Bitcoin holdings

How Yield Flows to You

STRC (Strategy's Preferred Stock)
         │
         │  Pays annual dividends (quarterly)
         ▼
Buck Protocol Treasury
         │
         │  Passes yield through to holders
         ▼
Eligibility Snapshot (15th of each month)
         │
         │  Protocol measures holder balances during snapshot window
         ▼
Payout (4th business day of following month)
         │
         │  New BUCK minted and distributed to eligible holders
         ▼
Your Wallet (BUCK)

The Monthly Cycle

1. STRC pays dividends — Strategy pays quarterly dividends on STRC

2. Buck Protocol receives funds — Dividends flow into the protocol treasury

3. Eligibility snapshot — On the 15th of each month (9:00 AM – 4:00 PM ET), the protocol snapshots holder balances to determine who is eligible. This is when your balance is measured, not when you get paid.

4. Distribution calculated — Your share is based on your BUCK balance during the snapshot window

5. Yield distributed — New BUCK tokens are minted and distributed automatically on the 4th business day of the following month

Learn about the eligibility window →

Why STRC Dividends?

Yield Type	Source	Dependency
STRC Dividends	Corporate preferred equity	Strategy solvency
Funding Rates	Perpetual futures	Market sentiment
Staking Yield	Proof of stake	Network activity
Lending Yield	Borrower interest	Credit demand
T-Bill Yield	Government bonds	Fed rates

STRC dividends are:

• Contractually obligated — Preferred equity has senior legal claim to dividends

• Paid regardless of market — Not dependent on crypto market conditions

• Long-term sustainable — 77+ years of coverage at current reserves

Growth Projections

Period	Growth	BUCK Value (from $1,000)
1 month	+0.83%	$1,008
3 months	+2.5%	$1,025
6 months	+5.0%	$1,050
1 year	+10.0%	$1,100
2 years	+21.0%	$1,210
5 years	+61.1%	$1,611

Compound growth at 10% annually

For a full comparison with other yield-bearing tokens, see How Buck Compares.

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Next: Monthly Distribution →