What is Strata Exchange?
Strata Exchange is a peer-to-peer derivatives platform for real-world events. Users post and fill contracts based on event outcomes — currently focused on NCAA March Madness 2026.
We are in Private Beta. All settlement is simulated — no real money changes hands during the beta period.
How It Works
01
Browse Events
March Madness 2026 games and team survival events are live. More event categories coming.
02
Post a Contract
Choose an instrument type, select an event, set your terms. The model mark shows the fair value baseline.
03
Get Filled
Other users see your contract and can fill it — taking the opposite side.
04
Settlement
When the event resolves, the oracle reads the outcome and settles all contracts automatically.
Instruments
EDS — Event Default Swap
Pay a fixed premium each round while a team survives. Receive the full notional if the team is eliminated. Protection buyer vs. protection seller.
Call Option
Pay a premium upfront. Receive the notional if the event resolves above your strike probability. Defined downside for the buyer.
Put Option
Pay a premium upfront. Receive the notional if the event resolves below your strike probability.
Performance Future
Lock in a rate against a team's actual performance metric. Mark-to-market with margin requirements.
Private Beta Notice
Strata Exchange is in Private Beta. Invitations are required. All contracts are settled in simulated currency. No real financial transactions occur. Settlement accuracy is not guaranteed. Platform behavior may change without notice.