Strata is a risk tranching protocol built on Ethena, offering structured products on USDe and other Ethena-powered assets, designed to deliver risk-optimized crypto-native returns. Strata enables investors to tailor their risk-return preferences while earning crypto-native returns from carry and basis trade strategies through two risk tranches: Senior and Junior.
The protocol introduces two liquid and composable tokens built on Ethenaās reward-bearing synthetic dollar, sUSDe: Strata USDe (stUSDe) and Strata Junior Liquidity Pool (stJLP).
Strata Season 0 is the pre-launch, pre-deposit phase, designed to kickstart the platform, onboard USDe collateral, and introduce the Strata Points Program.
pUSDe is the receipt token for depositing USDe and eUSDe in the Strata pre-deposit vault. pUSDe is 1:1 backed by USDe and can be instantly minted/redeemed without any lock-up.
About: uniBTC is the yield-bearing token representing BTC staked on Babylon and powered through Bedrockās Infrastructure. By holding uniBTC, token holders can accrue yield generated on top of Babylonās platform as well as earn Bedrock Diamonds which are the points system for Bedrock.
Author: Alyssa, BD Lead
Metrics:
Launch date: March 2024
All-time-high TVL: 640M
Current TVL: 570M
Supported chains: 15 chains supported including Ethereum, BNB, Base
About:
cp0xLRT is a liquid restaking token launched on Mellow Finance backed by wstETH. The token allows users to deposit wstETH and gain additional yield through DeFi integrations. Built with modular vault architecture, cp0xLRT combines Ethereum staking yield with DeFi strategy yield, offering flexible exposure for advanced strategies.
Unlike plain ETH, cp0xLRT combines Ethereum staking yield with DeFi strategy yield from Mellow vaults. This makes it a capital-efficient collateral ā users can borrow against an asset that is already generating returns
Author: cp0x
Metrics:
Launch date: Q1-2 2025
All-time-high TVL: GearBox pool with 436.30 wstETH (total Mellow cp0x LRT Conservative Vault with 1674 wstETH TVL)
About: Cap is a stablecoin protocol that utilizes credible financial guarantees to build the first Type III stablecoin of its kind. Using the power of restaking, Cap is able to allocate capital to yield generators and protect users from downside risk in an autonomous, market-driven manner.
cUSD: digital dollar backed by blue chip stablecoins like USDC and pyUSD, as well as money market funds like BENJI and BUIDL.
stcUSD: yield-bearing form of cUSD. Yield comes from financial institutions competing to generate yield. All strategy risk is covered by delegated ETH/BTC from EigenLayer and Symbiotic.
About: mAPOLLO is structured to track the performance of selected market-neutral stablecoin strategies deployed across on-chain markets and ecosystems. The strategy is monitored by Apollo Crypto, acting as the appointed Risk Manager.
Author: Quinn Papworth - Research & Growth at Apollo Crypto
About: mFARM is structured to track the performance of selected yield strategies deployed across on-chain markets and ecosystems, with a focus on diversified stablecoin opportunities.
Request for Deployment: Frontier Harvest AutoPilotUSDC
Project Information
Name: Harvest
About: Harvest Finance is one of the original DeFi yield aggregators (launched in 2020) that has consistently evolved its product line to simplify yield optimization for users. The latest product, AutoPilot, automatically allocates deposits across a curated set of sub-vaults (Morpho, Euler // Frontier, Aave, Compound, etc.) to maximize real yield above market rates. AutoPilot is designed as a set-and-forget vault architecture that abstracts away complex strategy management, delivering sustainable yield performance across stablecoins and blue-chip assets. The initial deployment focuses on AutoPilotUSDC, with future extensions to other stablecoins (DAI, USDT, FRAX, USR, etc.).
Author: Absolute Unit, on behalf of Harvest Finance
[Integration with Harvest AutoPilot incentive program ā dynamic allocation from existing Harvest rewards pool]
Note: This request covers the initial AutoPilotUSDC vault. As additional stablecoins launch under AutoPilot (e.g., AutoPilotDAI, AutoPilotUSDT, AutoPilotFRAX), Harvest will submit Frontier Update Requests to add them as ecosystem assets and derivatives.
About: Borrow short lend long ALM system that enables yield amplification through structured USD products. iUSD is the protocolās fully liquid stablecoin, siUSD is the staked version providing auto-compounding yields while remaining liquid, and liUSD duration tokens (1W-13W) offer the highest yields by taking in exchange for taking on duration risk. This Frontier Market unlocks yield curve arbitrage where traders can capitalize on mispriced duration premiums, maintain liquidity against locked positions, and capture spreads across the curve through efficient capital deployment.
About: Penpie is a DeFi platform designed to help Pendle Finance users maximize yield and leverage veTokenomics, empowering users to optimize rewards for their participation and monetize their governance power.
Auto PT-LP tUSDe (USDe)-18DEC2025-PRT (0x98e54CCa08a97383e95Db7228E3a1F3D984F9e14ļ¼
Incentive commitments:
Penpie is holding 29% of vePendle that is consistently boosting the Pendle LP rewards. That provides higher Intrinsic APY for using Auto PT-LP tUSDe as collateral.
Note: This request covers the initial AutoPilotUSDC vault. As additional stablecoins launch under AutoPilot (e.g., AutoPilotDAI, AutoPilotUSDT, AutoPilotFRAX), Harvest will submit Frontier Update Requests to add them as ecosystem assets and derivatives.