unistrata / Thesis
Uniswap v4 hookReactive settlement
LPs are forced sellers of volatility with no buyer.
Unistrata built the buyer.
A liquidity pool, split into two layers like geological strata. Bedrock earns a fixed coupon priced from the pool's own measured volatility. Sediment underwrites the risk and keeps the premium.
no oracle · no keepers · settles every epoch
Sediment$0absorbs first
Bedrock$0holds the line
$21K$16K$11K$5K$0
live core · waterfall runs Bedrock-first
Total value locked$0epoch 0
Bedrock NAV$0protected first
Sediment NAV$0first-loss + fees
Realized variance0varAcc this epoch · on-chain ticks— below trigger
Bedrock holds its line through a 50% crash
Replayed on-chain from the real May 2021 ETH crash (sim/out): tWETH falls $3,191 → $1,603 (−50%) and recovers to $1,889. Vanilla LP bleeds below HODL to impermanent loss; Bedrock's NAV holds flat — principal protected; Sediment absorbs the drawdown, then keeps the fees on the recovery.
Bedrock 100.0Sediment 66.1Vanilla LP 77.1HODL 79.0