The Buck Foundation has announced the launch of Buck, a new category of digital asset positioned as a “savings coin” indirectly backed by Bitcoin. The project is designed to explore a savings-oriented use case for digital assets, with 7% annual rewards distributed through an on-chain governance process rather than fixed yields.
Buck is structured as a governance token whose treasury holds exposure to STRC, Strategy’s Bitcoin-linked perpetual preferred stock. STRC provides periodic returns to the Buck treasury at variable rates. Token holders participate in governance DAO votes to distribute these proceeds to Buck holders.
According to the Buck Foundation, the token is initially priced at $1 and is transferable on a continuous basis, allowing holders to enter or exit positions without reliance on traditional banking infrastructure. Rewards, if approved through governance, are calculated based on the duration of token holding and are not guaranteed.
The technology supporting Buck is developed by Buck Labs, a U.S.-based company led by founder and CEO Travis VanderZanden. VanderZanden previously held leadership roles at consumer technology companies including Bird, Lyft and Uber, where he focused on operational scaling and regulatory engagement. Buck Labs states that its current work reflects an interest in building digital financial products with transparent mechanics and defined governance processes.
Buck is intended to function alongside existing stablecoins rather than replace them. While stablecoins are commonly used for payments and liquidity, Buck is positioned as a savings coin that emphasizes governance participation and treasury transparency.
The Buck Foundation notes that the structure is designed to support global participation in digital asset savings mechanisms without requiring fiat conversions, though availability may be restricted by jurisdiction and regulatory considerations.
About Buck Labs
Buck Labs Inc. is a digital asset technology company headquartered in Miami, Florida. The company develops blockchain-based financial products focused on governance-driven design and transparency. Buck Labs supports the technical development of the Buck token and its associated infrastructure.
