Strata srUSDe YT · senior tranche
Why this is a real prospect: Same verified setup as the jrUSDe path: Strata is tokenless with a points program that is live per its own docs, and this market is active on Pendle with an October 2026 expiry. The senior tranche is the steadier leg of the same structure for farmers who want the program exposure with less yield volatility.
What others miss: Most coverage points at the junior tranche for the headline multiplier. Holding the senior YT still farms the same program, and pairing one position on each side is a way to widen footprint in a single protocol before any snapshot.