Stratis is an open source storage management solution for Linux that provides thin provisioning, snapshots, and a pool-based management interface. It works as a user-space daemon powered by Device Mapper and uses XFS. Stratis aims to provide features similar to other filesystems like ZFS and Btrfs but in a simpler way. Current features include thin provisioning, snapshots, and an API, with future plans including redundancy, integrity checking, and compression.