# FAQ

## General

### What is BUCK?

BUCK is a **yield-bearing savings coin** backed by STRC (Strategy's Bitcoin-collateralized preferred stock). BUCK holders earn \~10% APY from STRC's contractual quarterly dividends, distributed monthly.

### How does BUCK generate yield?

Through STRC's monthly dividends, paid to Buck's treasury, distributed monthly to BUCK holders. See [Yield Overview](https://buck-3.gitbook.io/buck-docs/how-yield-works/overview) for full details.

### Do I need to claim my yield?

**No.** Yield is distributed automatically as additional BUCK tokens. Hold BUCK during the eligibility window on the 15th, and yield is distributed on the first business day of the following month. See [Monthly Distribution](https://buck-3.gitbook.io/buck-docs/how-yield-works/distribution) for details.

### What tokens does Buck Protocol have?

| Token    | Type         | Purpose                                    |
| -------- | ------------ | ------------------------------------------ |
| **BUCK** | Savings coin | Hold to earn \~10% APY from STRC dividends |

A governance token is launching after Season 1. Earn Buck Points through the [Buck Points Program](https://buck-3.gitbook.io/buck-docs/buck-points-program/points-program) to maximize your allocation.

## Yield & Distribution

### When do I receive yield?

On the **1st of each month** following the most recent eligibility window. If the 1st falls on a weekend or market holiday, distribution moves to the next trading day.

### Why is the eligibility window the 15th from 9 AM - 4 PM ET?

STRC trades on NASDAQ during U.S. market hours. The eligibility window aligns with these hours so that STRC pricing is live and accurate during distribution.

### What if I don't hold during the eligibility window?

Your portion rolls into the next month's distribution pool.

### Can BUCK's yield go negative?

**No.** STRC dividends are contractual preferred equity payments — they are always positive or zero, never negative. Unlike funding-rate-based yields (Ethena), you will never owe yield back.

### What currency is yield paid in?

BUCK. Your BUCK balance increases with additional Buck tokens.

## Minting & Redemption

### How do I get BUCK?

1. Go to [buck.io](https://buck.io)
2. Connect your wallet
3. Deposit USDC
4. Receive BUCK at current exchange rate

### Can I always redeem BUCK?

BUCK is redeemable for USDC at the current exchange rate through the Liquidity Window, subject to BUCK's discretion and market conditions.

### Are there fees?

| Action | Fee           |
| ------ | ------------- |
| Mint   | 10 bps (0.1%) |
| Redeem | 10 bps (0.1%) |

## Safety & Risk

### Is BUCK audited?

Yes. Multiple audits completed by Cyfrin, Halborn, and Spearbit.

### What backs BUCK?

* **STRC** — Strategy's preferred stock ($60B+ BTC backing, $2.25B cash reserves)
* **USDC Liquidity Reserve** — For redemptions
* **100%+ Overcollateralization** — $1.00+ of backing per $1 of BUCK

### What if STRC dividends stop?

STRC dividends are contractually obligated preferred equity payments. If they were reduced or suspended:

* Your BUCK remains backed by the STRC treasury value and USDC reserves
* Yield rate would decrease proportionally
* You can still redeem at the current exchange rate
* Strategy's $2.25B cash reserves cover 77.4 years of dividends

## Technical

### What chain is BUCK on?

Ethereum mainnet.

### What's the contract address?

See [Smart Contracts](https://buck-3.gitbook.io/buck-docs/technical/contracts) for all contract addresses.

### Is BUCK composable with DeFi?

Yes — Curve, Uniswap, Morpho (coming soon), and Pendle (planned). See [BUCK Token](https://buck-3.gitbook.io/buck-docs/buck-token/buck-token) for details.

### How does the oracle work?

See [Oracle Risk](https://buck-3.gitbook.io/buck-docs/safety-and-risk/risks/risks-oracle) for details on RedStone price feeds, TWAP smoothing, and market hours handling.

## Comparisons

See [How Buck Compares](https://buck-3.gitbook.io/buck-docs/getting-started/why-buck#how-buck-compares) for a full comparison with USDC, Ethena (sUSDe), and Ondo (USDY).

## Support

### Where can I get help?

* **Telegram:** [t.me/buck\_discussions](https://t.me/buck_discussions)
* **Twitter:** [@BuckHardMoney](https://x.com/BuckHardMoney)
* **Email:** <admin@buck.io>

### How do I report a bug or security issue?

* **General bugs:** [GitHub Issues](https://github.com/buck-labs/buck-v1/issues)
* **Security issues:** <security@buck.io> (up to $500K bounty)

### Where can I learn more?

* [GitHub](https://github.com/buck-labs/buck-v1)

***

*Have more questions? Join our* [*Telegram*](https://t.me/buck_discussions)
