Overview
Strata is a decentralized risk-tranching protocol that delivers structured crypto investment products built on USDe, Ethena’s synthetic dollar. Participants can select between Senior tranches, which offer lower risk, and Junior tranches, which carry higher risk, earning returns through delta-neutral strategies such as carry trades and basis trades. Although Strata has not yet issued a native token, its Season 0 Points Program enables early adopters to accumulate Strata Points, which may later be redeemable for token rewards.
How to Earn Points
By depositing USDe or eUSDe into Strata, users receive pUSDe, which automatically generates points on a daily basis. Additional points can be earned through DeFi integrations and referral activities. Participants also simultaneously collect Ethena and Ethereal points. The program has undergone audits by Cyfrin and Quantstamp, and is expected to conclude within approximately three months from the pre-deposit launch, making early participation advantageous.
Participation Details
- Estimated time to complete: 5–10 minutes
- Cost to participate: Requires USDe or eUSDe
- Risk level: Low to medium
About the Project
Strata offers decentralized, structured yield strategies through risk tranching on USDe. Its products allow users to tailor their risk-reward exposure while earning on-chain returns. The protocol prioritizes security and composability, having been audited by Cyfrin and Quantstamp, and integrates with leading DeFi platforms such as Pendle, Morpho, and Euler. Strata is positioning itself as a foundational layer for the adoption of synthetic dollars in decentralized finance.
Disclaimer
These are not official deadlines. While thorough research has been conducted, no confirmed timeline is currently available. Users are encouraged to act promptly, and any verified dates will be updated on this page as soon as they are obtained.
Fundfa Analysis
The Strata Points Program reflects a broader trend in DeFi toward incentivizing early participation through point-based reward systems. By combining low entry barriers with multi-platform integrations, Strata could accelerate synthetic dollar adoption and strengthen its position in the structured yield market.