Welcome to Strata
Strata is building the next generation of on-chain structured yield products. It is a perpetual risk-tranching protocol designed for USDe, Ethena’s synthetic dollar backed by delta-neutral strategies on leading crypto assets. Strata lets investors choose their risk and return through two clear options: Senior and Junior tranches. Users earn crypto-native yields generated from carry and basis trades, making yield investing more flexible, transparent, and efficient on-chain.