‘SavingsCoin’ Buck (BUCK) aims for 7% yield, backed by Strategy shares
Buck Labs launched the BUCK token, a yield-bearing 'savings coin' targeting a 7% annual return funded by Strategy preferred stock income.Summary
Cayman Islands-registered Buck Labs has introduced the BUCK crypto token, marketed as a yield-bearing "savings coin" designed for users seeking returns on dollar-denominated crypto holdings without using stablecoins. The token is initially priced at $1 and targets an approximate 7% annual yield, with rewards accruing minute-by-minute. These rewards are funded indirectly through the foundation’s holdings of Strategy's (MSTR) bitcoin-linked perpetual preferred stock (STRC), which generates periodic income. Buck founder and CEO Travis VanderZanden stated the token aims to fill the need for a savings mechanism in crypto, distinct from stablecoins used for spending. BUCK is structured as a governance token, allowing holders to vote on protocol decisions, and is initially intended for non-U.S. users, explicitly not being offered as a security. Buck Labs emphasizes that the product is designed to complement stablecoins by offering a savings-focused alternative for longer-term crypto holdings, though it does not maintain a hard dollar peg.
(Source：CoinDesk)