 | Strata   |
Strata is a perpetual risk-tranching protocol that crafts structured yield products on top of USDe — Ethena’s synthetic dollar powered by delta-neutral strategies across premium crypto assets.
Seed Round: $3M
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Ethereum
BaseWhat is Strata
Strata is a perpetual risk-tranching protocol that designs structured DeFi products atop USDe, Ethena’s synthetic dollar backed by delta-neutral positions on top-tier crypto assets. It allows investors to customize their risk exposure and return potential through two liquid, composable tokens:
- stUSDe (Senior Yield Tranche): A yield-bearing, over-collateralized synthetic USD for conservative investors. It ensures principal protection and offers a guaranteed minimum yield (benchmarking the Sky Savings Rate), with upside linked to sUSDe’s APY.
- stJLP (Junior Yield Tranche): A higher-risk, higher-return token that absorbs volatility and supports the senior tranche like a liquidity buffer. It gains leveraged exposure to sUSDe yields and earns a risk premium—making it ideal for risk-tolerant users.
Strata’s innovative Dynamic Yield Split (DYS) mechanism smartly allocates protocol-generated yield between these tranches based on real-time market conditions and liquidity—ensuring efficient yield distribution and balanced risk-return dynamics.
Funding Details
Restrictions
Abkhazia, Afghanistan, Angola, Belarus, Burundi, Central African Republic, Congo, Cuba, Crimea, Ethiopia, Guinea-Bissau, Iran, Ivory Coast (Cote D’Ivoire), Lebanon, Liberia, Libya, Mali, Burma (Myanmar), Nicaragua, North Korea, Northern Cyprus, Russia, Somalia, Somaliland, South Ossetia, South Sudan, Sudan, Syria, Ukraine (Donetsk and Luhansk regions), United States, Venezuela, Yemen, Zimbabwe.
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