Strata points programmes on Pendle

Strata brings its legs to Pendle under senior and junior names — srUSDe and jrUSDe, with srUSDat beside them — and that naming is the first thing to read on this page. A senior and a junior claim on one underlying do not carry the same risk even when both mature on one date, and Pendle then splits each of them again into a principal token and a yield token. Buying the yield token on a junior leg is therefore two decisions stacked: where in the structure the claim sits, and how long the points have to arrive. Ranking happens row by row everywhere on this board, so each leg arrives carrying its own figures rather than an average of the structure it sits inside; what no figure can carry is which of those two decisions is doing the work on a given afternoon. The flags column below is the one to read first here.

7 live Pendle points markets for Strata across 3 assets and 2 chains. no airdrop source on record.