Key Metrics
Fees (Annualized)-$258,672.88
Fees 30d$10.54m
Ethereum$13.06m
Fees 7d$1.34m
Ethereum$1.86m
Fees 24h$49,108
Ethereum$49,108
Cumulative Fees-$59,322
Ethereum$38.91m
Revenue (Annualized)$3.32m
Revenue 30d$387,448
Ethereum$387,448
Revenue 7d$52,277
Ethereum$52,277
Revenue 24h$0
Ethereum$0
Cumulative Revenue$1.39m
Ethereum$1.39m
Total Raised
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.
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 GitHubYields
Pools Tracked1
Average Supply APY15.9%
Hacks
Date: May 7, 2024
Amount: $9,000
Classification: Oracle Manipulation
Technique: Spot Price Manipulation
Chains: BNB
Language: Solidity
Target Type: Token
Competitors
Frequently Asked Questions
What is Saturn's TVL?
Saturn currently has $78.72m in total value locked. TVL has decreased 56.9% 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 $10.54m in fees. Of that, $387,448 was protocol revenue. Based on the trailing year, the annualized rate is -$258,672.88 in fees and $3.32m 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 $154.09m across 5 protocols, and Saturn accounts for 51.1% of that total. Other leading protocols include USDCx, XGLD, USX.Capital, and Rotera.
How many yield pools does Saturn have?
DefiLlama tracks 1 Saturn yield pool with an average APY of 15.9%.
Has Saturn ever been exploited?
Saturn has 1 recorded security incident. The most recent incident occurred on May 7, 2024 and involved $9,000. It was classified as Oracle Manipulation.
