SUITE Token

Yield-bearing vault shares. Deposit USDC, receive SUITE, earn automatically.

What is SUITE?

SUITE is a Yearn LP share token. When you deposit USDC into the SUITE Vault, you receive SUITE tokens representing your share of the underlying Yearn position. As Yearn generates yield, your SUITE becomes worth more USDC.

How SUITE Works

SUITE tokens are a wrapper around Yearn vault shares. Here's the mechanics:

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Deposit USDC
Transfer USDC to the SUITE Vault. The contract immediately deposits your funds into Yearn's USDC strategy.
πŸͺ™
Receive SUITE
You receive SUITE tokens proportional to your share of the vault. These represent your claim on the Yearn position.
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Earn Yield
Yearn's strategies generate yield. Your SUITE doesn't increase in quantity β€” it increases in value per token.
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Withdraw Anytime
Burn SUITE to receive your proportional USDC back. No lockups, no waiting periods, no penalties.

Token Details

Name SUITE
Standard ERC-20
Decimals 18
Network Ethereum Mainnet
Backing 1:1 with Yearn USDC vault shares
Minting Only via USDC deposits

Two Options with SUITE

Once you hold SUITE, you have two choices:

Option 1: Hold & Earn
Keep your SUITE tokens in your wallet. As Yearn generates yield, your SUITE becomes worth more USDC over time. Withdraw whenever you want.
3-8% APY (variable)
Option 2: Buy Credits
Exchange SUITE for Credits to use AI features in SUITE apps. Get up to 20% bonus credits. This is a one-way conversion β€” Credits cannot be converted back.
One-Way Conversion

Your Choice, Your Risk

SUITE gives you full control. You can stay in the yield-generating position as long as you want, or convert to Credits when you need AI services. There's no pressure, no expiration, and no penalties either way.

Price Dynamics

SUITE's value is tied directly to the underlying Yearn position:

1
Initial Price 1 SUITE = 1 USDC at vault launch
2
Yield Accrual As Yearn earns yield, total USDC backing increases
3
Price Appreciation SUITE supply stays constant, so each token is worth more USDC
4
Redemption Withdraw anytime at current price (e.g., 1 SUITE = 1.05 USDC after 5% yield)

Example Scenario

Yield Over Time

Day 0: Deposit 1,000 USDC β†’ Receive 1,000 SUITE

Month 6: Yearn earns 3% β†’ Your 1,000 SUITE now worth 1,030 USDC

Year 1: Yearn earns 6% total β†’ Your 1,000 SUITE now worth 1,060 USDC

Withdraw anytime: Burn 1,000 SUITE β†’ Receive 1,060 USDC

Technical Guarantees

The SUITE contract ensures these properties:

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Always redeemable for USDC
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No admin can access your funds
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Only minted via USDC deposits
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Withdrawals always enabled

Related Pages

Last updated: January 2026