Strata Airdrop: tasks and status

updated 04 Feb 2026
DeFi

About the project

Strata is a perpetual risk-tranching protocol that designs structured DeFi products atop USDe, Ethena’s synthetic dollar backed by delta-neutral positions on top-tier crypto assets. It allows investors to customize their risk exposure and return potential through two liquid, composable tokens:

  • stUSDe (Senior Yield Tranche): A yield-bearing, over-collateralized synthetic USD for conservative investors. It ensures principal protection and offers a guaranteed minimum yield (benchmarking the Sky Savings Rate), with upside linked to sUSDe’s APY.

  • stJLP (Junior Yield Tranche): A higher-risk, higher-return token that absorbs volatility and supports the senior tranche like a liquidity buffer. It gains leveraged exposure to sUSDe yields and earns a risk premium—making it ideal for risk-tolerant users.

Strata’s innovative Dynamic Yield Split (DYS) mechanism smartly allocates protocol-generated yield between these tranches based on real-time market conditions and liquidity—ensuring efficient yield distribution and balanced risk-return dynamics.

Funding

$3M raised · 14 investors

  • Maven 11 Capital
  • Faction
  • Heartcore Capital
  • Halo Capital
  • Split Capital
  • Guy Young
  • Anchorage Digital
  • Nick Chong
  • Nayt Technologies
  • Conor Ryder
  • Elliot Parker
  • Jane Liu
  • Miguel De Sousa
  • Zach Rosenberg

Step-by-step checklist

How to qualify for the airdrop Locked

These tasks are available in the CoinDropster dashboard: exact links, progress tracking and deadlines — open the app to see the checklist.

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