# Core Mechanics

- [esETH](https://docs.ethstrat.xyz/core-mechanics/eseth.md): The non-rebasing 1:1 ETH-pegged wrapper that unifies multiple liquid staking tokens into a single denomination layer for the entire protocol.
- [STRAT Staking](https://docs.ethstrat.xyz/core-mechanics/strat-staking.md): Stake STRAT to earn esETH yield — with 7-day reward streaming that prevents frontrunning and rewards long-term holders.
- [CDT](https://docs.ethstrat.xyz/core-mechanics/cdt.md): The fungible debt token that tracks what the protocol owes — and powers the conversion mechanism.
- [Treasury Lending](https://docs.ethstrat.xyz/core-mechanics/treasury-lending.md): Borrow esETH against STRAT + CDT collateral — fixed-rate, fixed-term, with no liquidation risk during the loan.
- [Convertible Notes](https://docs.ethstrat.xyz/core-mechanics/convertible-notes.md): Purchase USD-denominated convertible notes and receive composable debt and conversion rights — the engine of treasury growth.
- [Conversion of Notes](https://docs.ethstrat.xyz/core-mechanics/conversion-of-notes.md): Two paths to exercise your convertible note — convert to STRAT or esETH before expiry, or redeem for USD notional after.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.ethstrat.xyz/core-mechanics.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.