Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$793.49Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $793.49 | -- | -- | -- |
| Oct 2026 | $8.26K | -- | -- | -- |
| Sep 2026 | $12.41K | -- | -- | -- |
| Aug 2026 | $14.86K | -- | -- | -- |
| Jul 2026 | $156.43K | -- | -- | -- |
| Jun 2026 | $283.94K | -- | -- | -- |
Comparison
Fundraising
Follow Updates
Follow Lists
People
About Strata
Strata is a structured-yield and risk-tranching protocol. Built on Ethena's sUSDe, it issues two composable tokens, srUSDe and jrUSDe, on EVM networks. DeFi yield products usually return a single blended APY curve, so conservative capital cannot take only the principal-protected part and risk-hungry capital cannot lever the upside. Its Dynamic Yield Split divides one yield source into two layers: the senior tranche floors its return at Aave v3 USDC/USDT lending rates, over-collateralized by junior capital, while the junior tranche acts as a market-priced liquid insurance pool that absorbs losses first and receives amplified upside.
Both layers share one underlying asset, so senior protection comes from junior capital rather than protocol credit and coverage moves with junior size, with redemption fees differing by tranche. On 22 July 2026, Strata launched an EarnUSD strategy with Lido, Aave and Twyne, allocating fixed-yield principal tokens in the senior tranche and looping them through Aave to raise capacity, with TVL of about $77 million that month.
On 22 July 2026 Strata launched an EarnUSD strategy with Lido and Aave, allocating fixed-yield principal tokens inside the senior srUSDe tranche, looping them through Aave via Twyne and raising the strategy's deposit cap; protocol TVL stood at about $77 million as of July 2026.
Strata's Season 1 also moved into Epoch 2, expanding from a single USDe yield source to multiple assets and strategies, adding srUSDe and jrUSDe maturity markets on Pendle and integrating with Pendle, Morpho and Euler, while stablecoin protocols such as infiniFi, Yuzu and Reservoir began holding srUSDe in reserves.
Future strategy and roadmap: On the roadmap, Strata plans to launch the $STRATA token after Season 1 and pursue progressive decentralisation, evolving from single-strategy vaults to multi-strategy and isolated vaults covering lending vaults, DEX LP, delta-neutral strategies and on-chain and off-chain private credit, with deployment across more chains.
Vish — Co-founder & CEO; founded Frontera Labs; led bringing risk tranching to onchain yield products.