Ask about Saturn · freeTotal Value Locked$154.49m
TVL by Chain
Ethereum$154.49m
Key Metrics
Fees 30d$1.05m
Fees 30d by chain
Ethereum$2.37m
Fees 7d$386,563
Ethereum$650,877
Fees 24h$137,604
Ethereum$137,604
Cumulative Fees$3.86m
Ethereum$46.82m
Revenue 30d$257,234
Revenue 30d by chain
Ethereum$257,234
Revenue 7d$59,952
Ethereum$59,952
Revenue 24h$52
Ethereum$52
Cumulative Revenue$1.9m
Ethereum$1.9m
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.
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 GitHubYields
Pools Tracked1
Average Supply APY12.86%
Competitors
Saturn history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 9, 2026 to Oct 27, 2026.
All-time high TVL: $214.09m on Jun 9, 2026. All-time low TVL: $33.14m on Apr 9, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $145.38m |
| Sep 29, 2026 | $146.01m |
| Sep 30, 2026 | $146.74m |
| Oct 1, 2026 | $148.48m |
| Oct 2, 2026 | $151.06m |
| Oct 3, 2026 | $152.77m |
| Oct 4, 2026 | $154.8m |
| Oct 5, 2026 | $156.15m |
| Oct 6, 2026 | $156.64m |
| Oct 7, 2026 | $156.75m |
| Oct 8, 2026 | $157.34m |
| Oct 9, 2026 | $157.72m |
| Oct 10, 2026 | $159.33m |
| Oct 11, 2026 | $159.46m |
| Oct 12, 2026 | $159.68m |
| Oct 13, 2026 | $159.25m |
| Oct 14, 2026 | $153.91m |
| Oct 15, 2026 | $145.26m |
| Oct 16, 2026 | $146.18m |
| Oct 17, 2026 | $151.85m |
| Oct 18, 2026 | $151.99m |
| Oct 19, 2026 | $152.73m |
| Oct 20, 2026 | $153.2m |
| Oct 21, 2026 | $155.4m |
| Oct 22, 2026 | $158.11m |
| Oct 23, 2026 | $157.54m |
| Oct 24, 2026 | $155.76m |
| Oct 25, 2026 | $156.59m |
| Oct 26, 2026 | $156.46m |
| Oct 27, 2026 | $155.9m |
TVL at each month end, Apr 2026 to Oct 2026
| Date | TVL |
|---|---|
| Apr 30, 2026 | $54.15m |
| May 31, 2026 | $153.57m |
| Jun 30, 2026 | $186.91m |
| Jul 31, 2026 | $182.81m |
| Aug 31, 2026 | $155.36m |
| Sep 30, 2026 | $146.74m |
| Oct 27, 2026 (latest) | $155.9m |
Fees and revenue by UTC calendar month, Mar 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Mar 2026 | $14,039 | $14,039 |
| Apr 2026 | $372,984 | $108,776 |
| May 2026 | $399,707 | $343,351 |
| Jun 2026 | -$12.43m | $341,083 |
| Jul 2026 | $4.91m | $362,295 |
| Aug 2026 | $7.55m | $273,394 |
| Sep 2026 | $2.5m | $197,819 |
| Oct 2026 (to date) | $689,176 | $257,275 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/saturn
Frequently asked questions
What is Saturn's TVL?
As of Oct 27, 2026, Saturn has $154.49m in total value locked. TVL has increased 6.9% 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 $1.05m in fees. Of that, $257,234 was protocol revenue. Based on the trailing year, the annualized rate is $6.47m 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 $230.93m across 7 protocols, and Saturn accounts for 66.9% of that total. Similar protocols include USDCx, XGLD, Startale USD, USDR, USX.Capital, and Rotera.
How many yield pools does Saturn have?
DefiLlama tracks 1 Saturn yield pool with an average APY of 12.9%.