Why Strata?
Strata unlocks the full potential of Ethena’s crypto-native yield by introducing structured, risk-adjusted products. Through tranche-based instruments, users can tailor exposure to match their risk profile while improving capital efficiency and DeFi composability.
Tailored risk allocation. Conservative allocators seek predictable, low‑risk returns, while aggressive investors chase high‑beta, high‑yield upside.
Improved price discovery. Structuring the yield stack into senior and junior tranches lets the market value incremental risk.
Liquidity flywheel. Because both tranches mint with USDe, Strata continuously draws collateral into the Ethena ecosystem, boosting demand for Ethena’s products.
Native to Converge. Built natively on Converge, Strata spawns a suite of structured products that combine TradFi with DeFi programmability on the new home of institutional DeFi.
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