Ask about Saturn
Logo of SaturnSaturn
Total Value Locked$138.58m

TVL by Chain

Ethereum$138.58m

Key Metrics

Fees 30d$4.29m
Fees 30d by chain

Ethereum$5.72m

Fees 7d$1.04m

Ethereum$1.1m

Fees 24h$307,564

Ethereum$307,564

Cumulative Fees$3.15m

Ethereum$43.03m

Revenue 30d$223,073
Revenue 30d by chain

Ethereum$223,073

Revenue 7d$14,717

Ethereum$14,717

Revenue 24h$0

Ethereum$0

Cumulative Revenue$1.56m

Ethereum$1.56m

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 APY15.12%

Competitors

USDCx ($66.91m)XGLD ($12.21m)USDR ($4.14m)USX.Capital ($763,611.51)Rotera ($1.56)

Frequently Asked Questions

What is Saturn's TVL?

Saturn currently has $138.58m in total value locked. TVL has decreased 19.7% 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 $4.29m in fees. Of that, $223,073 was protocol revenue. Based on the trailing year, the annualized rate is $5.9m in fees and $3.24m 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 $222.6m across 6 protocols, and Saturn accounts for 62.3% 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 15.1%.