Introducing STRATA Compounding Rewards Phase 1

Users with active positions are eligible for Interest Crates, with reward allocations based on position maturity and size.

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SrUSDe
Senior USDe
srUSDe
7D APY2.73%
Market Cap$32.4M
Junior USDe
jrUSDe
7D APY7.56%
Market Cap$6.59M
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ABOUT STRATA
Strata is a generalized risk-tranching protocol designed to offer structured yields via tokenized risk-based tranches across diverse on-chain and off-chain yield strategies.
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BACKED BY THE BEST
BUILDING WITH THE BEST
OUR PRODUCTS
Next-Gen Structured
Yield Products
Strata splits the underlying yield into two tokenized tranches, each designed for a distinct risk-reward profile.
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srUSDesrNeutrlsrHypersrmM1srUSDatsrPRIME
Senior Tranche
LOW RISK
MODERATE RETURN
Over-collateralized, yield-bearing synthetic stablecoin.
Min. guaranteed yield with uncapped upside.
Protected against underlying strategy and collateral risks.
jrUSDejrNeutrljrHyperjrmM1jrUSDatjrPRIME
Junior Tranche
HIGH RETURN
MODERATE RISK
Investment product with leveraged upside to the underlying yield.
Liquid, composable insurance fund priced by the market.
First-loss capital absorbing underlying strategy and collateral risks.
WHY STRATA

Structured Yield.
Structured Risk.

Strata’s dual-token design unlocks risk-optimized access to on-chain yields.

Strata visualization

Tailored Risk Exposure

Conservative investors prioritize predictable, low‑risk returns, while risk-tolerant users seek higher-yield opportunities with greater upside.

Strata visualization

Enhanced Risk-Return Pricing

Splitting yield into senior and junior tranches enables real-time and transparent market-based pricing of risk and returns.

Strata visualization

Capital-Efficient Access

Both tranches are fully permissionless, composable tokens, enabling seamless DeFi and CeFi integration while delivering enhanced capital efficiency, flexibility, and broad accessibility.

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Strata visualization
RESOURCES
Explore, Learn, and Connect
Everything you need to understand, validate, and explore the protocol.
Docs
Docs
Explore Strata's Gitbook for all details on the protocol.
EXPLORE THE DOCS
Docs
Audits
Review the smart contract audits performed by leading security firms.
CHECK AUDITS
Docs
Community
Join and connect with more Strata enthusiasts.
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FAQS
Everything You Need To Know
Discover the answers you need to navigate and succeed with Strata.
ALL FAQs
Strata is a generalized risk-tranching protocol that brings structured yield products to any on-chain or off-chain yield strategy by splitting yield into tokenized senior and junior tranches, each tailored to distinct risk–reward profiles.
Strata provides on-chain allocators with structured access to yield products across the risk–reward curve.
      Senior Tranche is suitable for conservative users, offering safe and predictable yields.
      Junior tranche is suitable for risk-tolerant users seeking higher-yield opportunities with greater upside.
Risk-tranching is a way to split a single pool of assets or cash flows into distinct layers (tranches), each with a clearly defined risk–reward profile. This allows different users to choose exposure that matches their risk appetite, rather than everyone earning the same blended APY with hidden risks. By design, risk-tranching makes risk explicit and intentional.
Strata implements this fully on-chain by transforming a one-size-fits-all yield into two tokenized, risk-based tranches: senior and junior. The senior tranche is a yield-bearing token with priority on cash flows, while the junior tranche is a risk-bearing token that absorbs losses first in exchange for higher potential returns.
Strata is a fully on-chain protocol using its Dynamic Yield Split (DYS) mechanism to split underlying yield into senior and junior tranches.
      Senior tranche is protected against underlying strategy and collateral risks by the additional coverage provided by the junior tranche.
      Junior tranche serves as a market-priced, liquid insurance fund, earning a risk-premium from the senior tranche and amplified upside to the underlying yield.
Both tranches are fully permissionless, composable tokens that can be further used across DeFi and CeFi.
Strata Protocol has undergone multiple audits by leading security firms, with reports available in the Audits section. However, no protocol or dApp is entirely risk free. Strata is subject to smart contract, underlying collateral and protocol, market, liquidity, and operational security risks. These risks and the mechanisms to mitigate them are detailed in our documentation.