Ask about Saturn
Logo of SaturnSaturn
Total Value Locked$182.34m

TVL by Chain

Ethereum$182.34m

Key Metrics

Fees (Annualized)-$18.19m
Fees 30d$2.13m

Ethereum$11.11m

Fees 7d$2.41m

Ethereum$3.16m

Fees 24h$89,470

Ethereum$89,470

Cumulative Fees-$6.54m

Ethereum$30.68m

Revenue (Annualized)$3.23m
Revenue 30d$361,968

Ethereum$361,968

Revenue 7d$165,662

Ethereum$165,662

Revenue 24h$8,052

Ethereum$8,052

Cumulative Revenue$1.19m

Ethereum$1.19m

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

WebsiteTwitter

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 APY22.25%

Competitors

USDCx ($56.4m)XGLD ($15.17m)

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 $182.34m in total value locked. TVL has decreased 3.5% 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 $2.13m in fees. Of that, $361,968 was protocol revenue. Based on the trailing year, the annualized rate is -$18.19m in fees and $3.23m 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 $254.69m across 5 protocols, and Saturn accounts for 71.6% 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 22.2%.