# $sKULL

## What is $sKULL, anyways?

$sKULL is an over-collateralised yield bearing token, backed by $S. Users can mint and redeem $sKULL in the Skeleton Treasury. Users generate yield simply by holding $sKULL in their wallets: this is claimable when $sKULL is redeemed. 

## How to Acquire $SKULL

$SKULL tokens can be acquired through one method, and one method only

* $sKULL is minted directly in the skeleton.money Dapp using $S
  * $sKULL can be redeemed at any point, in exchange for the same number of $S tokens that you deposited initially 

## How is $sKULL used to generate yield?

The underlying collateral for $sKULL($S)  is deposited into the Skeleton Money treasury. The collateral is then automatically used to generate yield via rehypothecation into various farms around Sonic. This yield is then used to buy $BONE, ensuring that $BONE stays stable, despite emissions.