Ethena WalletStrata
Risk tranches related to USDe.
In the Ethena ecosystem
Strata’s structured-product context separates exposures into tranches. The seniority and terms of each tranche influence how risks and outcomes are allocated.
Role and limitations
A tranche is not equivalent to holding USDe directly. Understand loss allocation, liquidity, dependencies and the terms of the individual product.
An independent service
Strata is a third-party service with its own access conditions, documentation and risks. Its role in the ecosystem does not establish integration into Ethena Wallet. Review the relevant service before using it.