Strata joins the Ethena network, sENA will receive up to 7.5% of Strata tokens

07-11

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According to Foresight News, the risk-tiered protocol Strata has joined the Ethena network. Its aim is to develop structured products around assets such as sUSDe, sENA, and RWA. Strata will become another DeFi application integrated with Ethena's core assets after Ethereal DEX, helping to increase the adoption and liquidity of USDe.

Starting from today, users holding sENA will be able to receive rewards from Strata, potentially receiving up to 7.5% of the protocol's token supply in the future. Additionally, Strata will launch a pre-deposit phase for USDe in the coming weeks and plans to go live on the Ethereum mainnet later this year, with subsequent deployment to the Converge chain. The protocol is supported by Ethena, Securitize, and Arbitrum's jointly initiated Converge chain.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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