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Logo of SaturnSaturn
Total Value Locked$181.38m

TVL by Chain

Ethereum$181.38m

Key Metrics

Fees (Annualized)-$10.9m
Fees 30d$4.73m

Ethereum$13.71m

Fees 7d$3.78m

Ethereum$4.49m

Fees 24h$137,485

Ethereum$137,485

Cumulative Fees-$3.89m

Ethereum$33.33m

Revenue (Annualized)$3.18m
Revenue 30d$361,968

Ethereum$361,968

Revenue 7d$157,452

Ethereum$157,452

Revenue 24h$0

Ethereum$0

Cumulative Revenue$1.18m

Ethereum$1.18m

Total Raised$2.8m

Jan 15, 2026$800,000Round: Investors: YZi Labs, Sora Ventures

May 7, 2026$2mRound: SeedInvestors: The Spartan Group, Anchorage Digital, Susquehanna

Protocol Information

Saturn is a dual-token Bitcoin-backed credit protocol where USDat is a stablecoin backed by tokenized treasuries and sUSDat is a yield-bearing version backed by digital credit exposure.

Category:Stablecoin Wrapper

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Methodology

TVL: USDat backing (tokenized treasuries $M and USDC held by the USDat contract) plus the STRC digital-credit backing of sUSDat, priced via DefiLlama's tradfi STRC feed (NASDAQ: STRC).View code on GitHubFees: Fees include sUSDat deposit fees if any, asset yields from sUSDat price appreciation and 10% performance fee on the yield generated by sUSDatView code on GitHubRevenue: Saturn earns sUSDat deposit fees, and 10% performance fee on the yield generated by sUSDat.View code on GitHub

Yields

Pools Tracked1

Average Supply APY20.63%

Competitors

USDCx ($56.6m)XGLD ($15.38m)

Frequently Asked Questions

What is Saturn?

Saturn is a dual-token Bitcoin-backed credit protocol where USDat is a stablecoin backed by tokenized treasuries and sUSDat is a yield-bearing version backed by digital credit exposure.

What is Saturn's TVL?

Saturn currently has $181.38m in total value locked. TVL has decreased 1.8% over the past 30 days.

What chains does Saturn operate on?

Saturn operates on Ethereum. Ethereum holds the largest share at 100%.

How much has Saturn generated in fees and revenue?

Over the past 30 days, Saturn generated $4.73m in fees. Of that, $361,968 was protocol revenue. Based on the trailing year, the annualized rate is -$10.9m in fees and $3.18m in revenue.

How does Saturn's TVL compare to similar protocols?

Among Stablecoin Wrapper protocols tracked by DefiLlama, Saturn ranks #1 by TVL. The category holds $254.15m across 5 protocols, and Saturn accounts for 71.4% of that total. Other leading protocols include Circle, Unitas, and USX.Capital.

How many yield pools does Saturn have?

DefiLlama tracks 1 Saturn yield pool with an average APY of 20.6%.