strata

Strata is a decentralized structured yield protocol that transforms yield strategies into two tokenized risk tranches: Senior USDe (srUSDe) and Junior USDe (jrUSDe). Built on Ethereum and integrated with Ethena’s synthetic dollar ecosystem, these tranche tokens enable tailored risk–reward exposure while earning on-chain yields. Users deposit assets, mint tranche tokens, and may accrue additional protocol rewards and points through participation and referrals. Strata aims to expand its structured product offerings across multiple collateral strategies and partner integrations in DeFi.