Most projects tokenize gold and call it innovation. @strato_net is doing something rarer: making that gold *productive*. $4.69M in active loans on DefiLlama. Users can mint USDST against GOLDST and SILVST collateral, while still keeping exposure to the underlying metal (subject to fees and liquidation risk). Same chain also runs trading, savings, and applications. Protocol already recorded $57k cumulative revenue and $14k in the last 30 days from real activity. Built by a team that was shipping Ethereum infrastructure in 2014 (one of the original six clients), now advised by Joe Lubin, and focused on HardFi instead of narrative farming. This is what “real-world assets with utility” is supposed to look like.
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