Aum—Thesis·v1.0·May 2026
Back to homeTwo ideas had half the answer. We put them together.
A new yield primitive from Strategy (formerly MicroStrategy). Real, regulated, 11.5% — but locked in brokerage accounts.
The yield engineThe 2021 protocol that put thousands-of-percent APYs in front of the world. Brilliant mechanism. Hollow at the core.
The distribution machineSTRC: the world’s most boring 10% yield.
In 2025, Strategy — the company that owns ~$50B of bitcoin — issued a new preferred-stock product called STRC. You buy a share, it trades at a steady par value near $100, and Strategy pays you a monthly dividend of 11.5%annualized. It’s a savings account with bitcoin underneath.
“A beautifully designed Ferrari — and you can only drive it in the driveway.”
- Lives in
- Brokerage accounts
- Composable on-chain
- No
- Stakeable
- No
- Usable as collateral
- No
Whoever brings STRC’s yield on-chain owns the bridge.
Aum
Olympus DAO — the protocol that broke everyone’s brain.
If you were in crypto in 2021, you saw the billboards: OHM. (3,3).A treasury held productive assets, stakers’ balances grew automatically every 8 hours through a rebase mechanism, and quoted APYs climbed past 7,000%. For a moment, OHM was the most-talked-about idea in DeFi. Treasury hit nearly $1B. Then the music stopped.
The mechanism was sound. The 7,000%+ APY was paid in moreOHM — holders kept their share of the supply, but each token’s dollar value depended on continued treasury growth and continued belief.
The treasury itself was made of speculative crypto assets correlated with OHM’s own price. When sentiment turned, the assets fell, the rebase math collapsed, and the price followed. There was no real-world yield underneath. The reactor had no fuel rod.
The engine worked. The fuel didn’t.
What if you ran OHM’s mechanism on STRC’s real yield?
The rebase loop doesn’t print value out of thin air anymore. It distributes a real, regulated, bitcoin-backed dividend — at speed and scale that only on-chain protocols can deliver.
Rebase staking, treasury, bonding, programmable equity.
Real 11.5% dividend, regulated wrapper, BTC-backed economics.
An ERC-20 credit-and-equity stack with durable yield underneath.
From bitcoin’s balance sheet to your wallet.
The same loop OHM ran. Real fuel underneath, every step audited and on-chain.
Every transition observable on-chain. Treasury composition published live in Section 04.
Three layers compound into the sticker APY.
Sustained from launch
The headline an institutional STRC holder simply cannot replicate.
We took the engine. We replaced the fuel.
Same mechanism. Real fuel.