Strata jrUSDe YT · points leverage
Why this is a real prospect: Strata is tokenless with a live, multi-season points program confirmed in its own docs, and Pendle's API categorizes this market as a points market. The junior tranche takes the leveraged side of Ethena USDe yield, and YT concentrates that points stream into a smaller ticket. Verified live on 2026-06-12.
What others miss: Epoch 2 was slated to conclude around the STRATA token launch, so this window may be short - that cuts both ways: late entries still count, but size the YT premium against a possibly early snapshot. The reported 60x figure comes from ecosystem coverage, not Strata docs, so treat it as indicative only.