# BUCK

## Yield-Bearing Savings Coin

BUCK is a **yield-bearing savings coin** that delivers \~10% APY from STRC dividends. Unlike stablecoins that maintain a fixed $1.00 price and provide no yield, BUCK's price appreciates over time as yield streams continuously into the token price.

Yield streams directly into BUCK's price — no claiming, no snapshots. See [Yield Streaming](https://buck-3.gitbook.io/buck-docs/how-yield-works/distribution) for 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](https://buck-3.gitbook.io/buck-docs/buck-points-program/points-program)
* BUCK rewards via Merkl (during Season 1)

For current DeFi integrations, see [Why Buck](https://buck-3.gitbook.io/buck-docs/getting-started/why-buck#works-everywhere).

## 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 →*](https://buck-3.gitbook.io/buck-docs/buck-points-program/points-program)