> For the complete documentation index, see [llms.txt](https://pait.gitbook.io/pait/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pait.gitbook.io/pait/how-pait-works/pait-index-token.md).

# PAiT Index Token

The **PAiT Index token** is the token users receive when they deploy USDC through PAiT.

It represents the user’s on-chain claim to the capital they have deployed and any yield generated from the allocated strategies. When users want to withdraw, they can use their PAiT Index tokens to claim back their principal along with any accrued results.

The PAiT Index is designed with a target of **20% annual growth**, based on the performance of live strategies running across diversified on-chain pools. This target is **not guaranteed** and depends on market conditions, strategy performance, and operational factors.

By holding PAiT Index tokens, users gain exposure to professionally managed on-chain yield without needing to manage individual positions, liquidity pools, or risk parameters themselves.

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TBD

Smart Contract
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