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![AlphaInsiders Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::43864440.png) Alpha Insiders [@AlphaInsiders](/creator/twitter/AlphaInsiders) on x 107.1K followers
Created: 2025-07-23 06:48:13 UTC

Introducing Strata Season X

Strata is a risk tranching protocol built on Ethena, enabling structured products on USDe and other Ethena-backed assets.

▪️Strata leverages the infrastructure of Converge (a collaboration between Ethena, Securitize, and Arbitrum), aiming to optimize crypto-native yields with better risk management.

▪️Strata has launched Season 0, a pre-launch phase to onboard USDe collateral, engage the community, and introduce the Strata Points Program ahead of its mainnet rollout. Users can deposit USDe or eUSDe on Ethereum to mint pUSDe, earning Strata, Ethena, and Ethereal points daily, with rewards increasing the longer they participate or interact with partner DeFi protocols.

▪️The pUSDe token is fully liquid, 1:1 backed by USDe, and offers high reward multipliers across integrations like Pendle and Morpho. Season X also includes a referral system and emphasizes security with audits by Cyfrin and Quantstamp.

Join here:

More:

![](https://pbs.twimg.com/media/GwhfORZXUAAw1mi.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947911611441614901/c:line.svg)

**Related Topics**
[coins real world assets](/topic/coins-real-world-assets)
[realworld](/topic/realworld)
[blockchain](/topic/blockchain)
[specialized](/topic/specialized)
[asset allocation](/topic/asset-allocation)
[protocol](/topic/protocol)

[Post Link](https://x.com/AlphaInsiders/status/1947911611441614901)