Ask about Saturn

Logo of SaturnSaturn

Total Value Locked$156.66m

TVL by Chain

Ethereum$156.66m

Key Metrics

Fees 30d$2.08m
Fees 30d by chain

Ethereum$3.89m

Fees 7d$323,476

Ethereum$323,476

Fees 24h$7,234

Ethereum$7,234

Cumulative Fees$3.78m

Ethereum$45.42m

Revenue 30d$209,796
Revenue 30d by chain

Ethereum$209,796

Revenue 7d$89,172

Ethereum$89,172

Revenue 24h$0.28

Ethereum$0.28

Cumulative Revenue$1.73m

Ethereum$1.73m

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

Aug 13, 2026Round: StrategicInvestors: Ondo Finance

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.

WebsiteX/Twitter
Category:Stablecoin Wrapper

Methodology

TVL: USDat backing (the PYUSDx reserve, legacy $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 APY12.28%

Competitors

USDCx ($68.33m)XGLD ($11.15m)USDR ($4.18m)USX.Capital ($763,722)Rotera ($1.57)

Frequently Asked Questions

What is Saturn's TVL?

Saturn currently has $156.66m in total value locked. TVL has increased 12.3% 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 $2.08m in fees. Of that, $209,796 was protocol revenue. Based on the trailing year, the annualized rate is $6.99m in fees and $3.21m 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 $241.09m across 6 protocols, and Saturn accounts for 65% of that total. Other leading protocols include USDCx, XGLD, USDR, USX.Capital, and Rotera.

How many yield pools does Saturn have?

DefiLlama tracks 1 Saturn yield pool with an average APY of 12.3%.