Strata protocol developer Frontera Labs raises $3 million in seed round

Frontera Labs, a London-based blockchain development firm, announced it raised a $3 million seed funding round led by Maven 11 Capital, with participation from Lightspeed Faction, Halo Capital, and others. The funding will support the expansion of Strata, a generalized risk-tranching DeFi protocol that structures onchain yield strategies into tokenized senior and junior tranches with distinct risk profiles. Strata aims to improve capital efficiency and create a more inclusive, institution-ready yield market by separating risk. Originally accelerated by Ethena, Strata launched its first products on Ethena's USDe in October 2025 and currently holds over $210 million in total value locked (TVL). The protocol's modular design is intended to expand beyond USDe to support various USD and non-USD assets across multiple ecosystems.

(Source：CoinDesk)