Ask about Saturn
Logo of SaturnSaturn
Total Value Locked$138.6m

TVL by Chain

Ethereum$138.6m

Key Metrics

Fees 30d$3.52m
Fees 30d by chain

Ethereum$5.71m

Fees 7d$779,603

Ethereum$835,057

Fees 24h$399,289

Ethereum$399,289

Cumulative Fees$2.84m

Ethereum$42.72m

Revenue 30d$246,273
Revenue 30d by chain

Ethereum$246,273

Revenue 7d$34,598

Ethereum$34,598

Revenue 24h$0

Ethereum$0

Cumulative Revenue$1.55m

Ethereum$1.55m

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.

WebsiteTwitter
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 APY15.27%

Competitors

USDCx ($66.52m)XGLD ($12.27m)USDR ($4.14m)USX.Capital ($763,660.2)Rotera ($1.56)

Frequently Asked Questions

What is Saturn's TVL?

Saturn currently has $138.6m in total value locked. TVL has decreased 20.7% 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 $3.52m in fees. Of that, $246,273 was protocol revenue. Based on the trailing year, the annualized rate is $5.15m in fees and $3.28m 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 $222.3m 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 15.3%.