Buck Labs has introduced a new digital asset called Buck, designed as a savings-focused cryptocurrency tied to the U.S. dollar. The token is indirectly backed by Bitcoin through treasury holdings in STRC, a Bitcoin-backed perpetual preferred stock issued by Strategy. This structure connects Buckโs value to Bitcoin, while maintaining stability through a dollar peg.
Buck operates as a governance token, allowing holders to vote on how returns are distributed. Monthly yields from Strategyโs STRC are sent to Buckโs treasury. Token holders collectively decide on how those earnings are allocated. This approach introduces transparency into the distribution process and ensures user participation in core financial decisions.
Reward system calculated in real time
The Buck token offers a 7% annualized reward, calculated down to the minute. This means users accrue interest continuously while holding the token. Buck aims to serve users looking for low-volatility savings within the crypto ecosystem. Its digital framework supports real-time tracking, creating a predictable savings experience.
Traded continuously at an initial value of one dollar per token, Buck allows users to enter and exit the system at any time. The structure eliminates reliance on traditional banking channels, offering users global access via a decentralized Web3 platform. This makes it suitable for unbanked populations or crypto-native users looking for alternatives to fiat-based savings accounts.
Leadership with fintech and mobility background
Buck Labs is led by Travis VanderZanden, former CEO of Bird and a previous executive at Lyft and Uber. With a long history as a Bitcoin investor, VanderZanden’s transition into digital finance through Buck highlights a growing interest in regulated and accessible blockchain-based financial tools. The company is based in the United States and focuses on developing secure and compliant crypto solutions.
The launch of Buck signals the emergence of a new type of crypto product aimed at savings rather than speculative trading. By offering yield through a Bitcoin-overcollateralized model, Buck positions itself as a digital complement to stablecoins while promoting long-term holding over frequent trading.
