Most tokenized gold still just sits in a wallet.
STRATO is one of the few actually trying to change that.
On DefiLlama, they rank #3 in Gold and Commodities by DeFi Active TVL, behind only Tether and Paxos. Not by how much metal is tokenized, but by how much of it is being used.
About 13.2M deployed in DeFi. 4.69M in active loans.
You post GOLDST or SILVST as collateral on @strato_net , mint USDST, and keep your metal exposure. Borrowing has fees and liquidation risk. This is real credit, not a points farm.
That is the gap most RWA projects still ignore.
The team has been building Ethereum infrastructure since 2014, one of the six compatible clients at launch. Joe Lubin advises. BlockApps raised from ConsenSys Mesh, Galaxy, and Morgan Creek.
STRATO has a 100M max supply with 55.2% allocated to the community. Designed for staking and validator participation on their HardFi chain.
Protocol revenue exists from borrowing activity, but it is not automatically distributed to token holders.
If you are watching RWA beyond pure tokenization, this is one of the cleaner attempts at making hard assets productive.