The flywheel that ran OHM to billions — rebuilt on Strategy’s Bitcoin-backed credit.
Aum aggregates and routes the major STRC wrappers on-chain, paying above the base 11.5% underlying yield through a POL (3,3) rebasing system. Three tokens, one treasury. Optimized yield from Strategy’s Nasdaq-listed, Bitcoin-backed preferred stock.
The mechanism worked.Replacethefuelanditworksagain.
OHM peaked at 8,000% APY before inflation outpaced the yield and the math collapsed. Aum runs the same POL playbook on a higher-yielding base than DAI, with inflation calibrated to the value actually created.
Same machine. Real fuel underneath.
Why Aum
01·Yield engine
22%
Sticker APY
11.5% base STRC dividend, lifted by POL fees and cross-venue yield optimization.
02·Audited mechanism
Phase 1Audit-grade · shipping
03·Composable
ERC-20
Credit, yield, equity — programmable day one.
04·Equity upside
10M
gAum · fixed supply
Captures BTC accumulation. Surplus accrues to long-term holders.
01 — The Pitch
Take DeFi’s most powerful mechanic. Back it with the most credible new yield primitive in finance.
OHM mechanism+ STRC yield= Aum
The rebase loop that ran OHM to a $1B treasury in 2021 wasn’t broken — its fuel was. Olympus paid yield in its own token, backed by speculative crypto assets correlated with itself. When sentiment turned, the math collapsed. Aum keeps the mechanism. Replaces the fuel.
02 — Architecture
Three tokens. One treasury.
Aum/ credit
Supply150M cap
Backing≥ $1.00
Behaves likeHigh-yield $
Par-stable credit token. Holders own a dollar of treasury value.
sAum/ yield
SupplyRebases
PaysStacked yield
Behaves likeOHM staking, but real
Stake Aum, receive the rebase: STRC dividend, POL fees, equity drip.
gAum/ equity
Supply10M, fixed
CapturesBTC + surplus
Behaves likeTreasury equity
Fixed-supply equity. Captures BTC accumulation as treasury grows.
Aum · par-stable backinglive
Floor
$1.00
Current
$1.043
Each Aum token is backed by at least $1.00 of treasury assets. The protocol enforces this floor before any rebase distribution.
sAum · rebase composition (Y2+)~22%
STRC dividend
11.5%
POL trading fees
5.5%
Partner incentives
3.0%
gAum equity drip
2.0%
At steady state, sAum yield converges to STRC’s own dividend with a thin liquidity-and-equity wrapper on top.
gAum · projected BTC accumulationM0 — M36
gAum captures surplus
Surplus above the Aum backing floor accrues to the treasury as BTC. gAum’s fixed supply captures the upside.
02 — Architecture
Three tokens. One treasury.
Aum/ credit
Supply150M cap
Backing≥ $1.00
Behaves likeHigh-yield $
Par-stable credit token. Holders own a dollar of treasury value.
Aum · par-stable backinglive
Floor
$1.00
Current
$1.043
Each Aum token is backed by at least $1.00 of treasury assets. The protocol enforces this floor before any rebase distribution.
sAum/ yield
SupplyRebases
PaysStacked yield
Behaves likeOHM staking, but real
Stake Aum, receive the rebase: STRC dividend, POL fees, equity drip.
sAum · rebase composition (Y2+)~22%
STRC dividend
11.5%
POL trading fees
5.5%
Partner incentives
3.0%
gAum equity drip
2.0%
At steady state, sAum yield converges to STRC’s own dividend with a thin liquidity-and-equity wrapper on top.
gAum/ equity
Supply10M, fixed
CapturesBTC + surplus
Behaves likeTreasury equity
Fixed-supply equity. Captures BTC accumulation as treasury grows.
gAum · projected BTC accumulationM0 — M36
gAum captures surplus
Surplus above the Aum backing floor accrues to the treasury as BTC. gAum’s fixed supply captures the upside.
03 — Status
Phase 1 is shipping. The window is right now.
Where we are
✓Protocol architecture (v1)Ratified · source of truth
✓PartnershipsIP · audit · liquidity secured
→Aum / sAum / gAum contractsIn development · auditing
→Seed roundOpen
Why now
STRC is barely a year old. Others wrapped it. Nobody has built the (3,3) capital stack on top.
DeFi is starving for real yield — and still remembers what OHM could have been.
First mover at this intersection takes the category. There’s room for one.
The thinking is done and the partners are in. What’s left is the build — and the round to fund it.
