Most RWAs in crypto are still stablecoins yielding to another DeFi protocol.
At Strata protocol
we're trying something different for the Frontier Hackathon:
Routing USDC/SOL directly into Brazilian structured credit (FIDC-style) with 90/10 on-chain tranching.
Here's the concept:
90% → Senior Tranche (conservative, capital protection first)
10% → Junior Tranche (first-loss, captures the upside)
The waterfall logic is 100% in the smart contract (Anchor). No admin can touch it.
Why Brazil?
Largest FIDC market in Latin America
Real yield tied to receivables, invoices, etc.
CDI consistent credit spread
All of it tokenized on Solana.