kevinš“
@kevinlhr88
All in @saturn_credit | NYA DYOR | Tweets are of my personal view, does not represent Saturn
243 Following 3.9K Followers
Taking Digital Credit onchain unlocks exposure along the entire risk curve.
We engineer yield, liquidity, and volatility for every investor profile.
$sUSDat $srUSDat $jrUSDat
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$srUSDat is Digital Money that transforms Monetary Energy from Potential to Kinetic.
Zero NAV drawdown since inception.
The chart shows $100 in srUSDat (orange) holding steady vs STRC (white) which crashed then recovered.
srUSDat is the senior (safer) tranche of a yield product built on Strategyās STRC preferred shares. It targets a steady ~7.8% APY. jrUSDat is the junior tranche that takes losses and price swings first to protect the senior side.
During the mid-2026 stress, the protection worked: srUSDat kept its value and kept earning while STRC dropped hard.
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Saturn is migrating USDat collateral to a new M0 issuer, starting Wednesday (19th) at 11:00 AM EST.
Minting and redemptions will be disabled for an estimated 3-5 hours, but the process may take up to 24 hours.
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$srUSDat Digital money is proven under stress
7.78% APY, with $jrUSDat absorbing losses first
Stretch your income at ease
More chains. More access. More Digital Money.
$srUSDat is now live on @Monad with:
ā 7.79% APY since inception
ā 0 NAV drawdown since inception (April 2026)
ā $4.27M TVL
ā 136.3% coverage, protected to ~$68 $STRC
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Saturn Recap | August 10 - August 16, 2026
Digital Money (srUSDat) is now available on @Monad - a performant blockchain with 15k+ daily active users and $890M in onchain TVL. Monad drives net new $STRC purchases and $BTC exposure across a global, permissionless DeFi ecosystem.
srUSDat has maintained 0% drawdown and 7.79% APY since inception. $4.27M in TVL.
$18K in $STRC liquidations across all Saturn assets.
STRC Outlook
@Strategy added $150M to its USD Reserve, extending USD coverage to 2.8 years, and repurchasing $132M of STRC via $MSTR ATM.
Core Metrics as of August 17, 2026
Protocol TVL: $172.2M (down ~$5.7M on the week)
USDat: $94.82M
- 100% backed by U.S. Treasury Bills
- Secondary price held at $1.00
sUSDat: $78.46M
- Backed by $77.40M STRC and $1.06M USDat
- Fair value $0.978, secondary market price $0.967
- Withdraw queue: $2.98M
srUSDat: $4.27M
- Price: $1.0226
- Zero NAV drawdown YTD
- Collateral coverage: 136.3%, recovered from 124.7%
jrUSDat: $1.55M
- Price: $0.4187
Morpho-Monad:
- PT-USDat-27AUG2026/USDC: Borrowed $9.64M, remaining liquidity $1.07M, $0 in liquidations
- PT-USDat-14JAN2027/USDC: Borrowed $3.49M, remaining liquidity $1.34M, $0 in liquidations
Morpho-Ethereumļ¼
- sUSDat/AUSD: Borrowed $6.72M, remaining liquidity $0.61M, $0.02M in liquidations
- PT-USDat-27AUG2026/USDC: Borrowed $1.57M, remaining liquidity $0.23M, $0 in liquidations
- PT-USDat-27AUG2026/AUSD: Borrowed $1.45M, remaining liquidity $0.178M, $0 in liquidations
- PT-sUSDat-27AUG2026/AUSD: Borrowed $1.26M, remaining liquidity $0.139M, $0 in liquidations
- sUSDat/USDC: Borrowed $238K, remaining liquidity $12.52K, $0 in liquidations
- PT-srUSDat-27AUG2026/USDC: Borrowed $33.28K, remaining liquidity $3.65K, $0 in liquidations
Pendle: $108.35M
- Ethereum: $63.14M
- Monad: $34.35M
- BNB Chain: $10.86M
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Saturn š¤ Ondo
Ondo has made a strategic investment in Saturn as we join forces to bring digital credit onchain.
Saturn has partnered with @Ondo to bring institutional-grade tokenized assets into structured products on $STRC.
Alongside the partnership, Ondo has made a strategic investment in Saturn.
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$MSTR is aiming for a credit upgrade.
The USD reserve is at an all time high of $4.65 billion.
Back in October, S&P Global stated that they wanted to see improved USD liquidity before considering raising the rating.
Strategy have delivered.
The future is bright.
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srUSDat is now live on @pendle_fi on @Monad.
ā¢ PT/YT-srUSDat-Jan 27
Fixed-rate exposure to the senior tranche of @saturn_credit's sUSDat, backed by $STRC.
Digital Money. Upgraded.
RWA structured yield meets fixed rate on @Monad š¤
Introducing @strata_markets srUSDat (Jan 2027)
$109M Bitcoin sale to fund repurchase of $STRC
Cash reserve now at $4.65B with $MSTR ATM
Optionality makes $MSTR stronger
Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC's BTC Credit by 10 bps. As of 8/9/26, we hold āæ840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTR
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$STRC the goal is clear: return to par
Cash reserve now $4B with 81M buyback!
Strategy increased its USD Reserve by $250M and repurchased $81M of $STRC. This increased USD Duration by 57 days to 2.3 years and tightened STRCās BTC Credit by 5 bps. As of 8/2/26, we hold āæ842,138 in our BTC Reserve and $4.0B in our USD Reserve. $MSTR
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$STRC $25M buyback! Strategy enters a new era of active asset liability managementš„
Strategy has increased its USD Reserve by $525 million, achieving 2.1 years of dividend coverage. As of 7/26/2026, we hodl āæ843,775 in our BTC Reserve and $3.75 billion in our USD Reserve. $MSTR $STRC
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Weāre gonna need another color.
AMA in English, hosted by @Edward__Park, @Eosborn88, and @Kevinlhr88
Saturn on @Monad
Featuring Wecryptotogether
07-24-2026
9:00AM EST | 9:00AM HKT
Featuring:
ā¢ @_whalebird from @pendle_fi
ā¢ @FishMarketAcad from Monad
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$MSTR $STRC Iāve been asked a lot about the future of digital credit and STRC. My answer is simple:
The PMF is clear.
People want yield without the volatility.
Digital credit TVL has grown from $3B to $10B in just two months. Demand for ~12% yield with significantly lower volatility has never been more obvious.
The recent volatility is a short-term speed bump, not a full stop. The bigger picture is the emergence of digital credit as a new asset class.
Saturn is one of the clearest examples of this trend.
Whatās most exciting isnāt that existing DeFi yield capital allocators are buying digital credit. Itās that weāre bringing in capital that likely wouldāve never bought Bitcoin in the first place.
STRC is working, attracting fixed-income capital to Bitcoin.
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The third @pendle_fi market is live on Monad: @saturn_credit's USDat
Saturn's USDat @Pendle_fi market is now live on @Monad.
Users can access fixed and variable rates on Saturn's Treasury bill-backed positions.
$STRC-collateralized strategies coming to Monad soon.
First maturity: 26 August 2026.
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Welcome to Monad @saturn_credit
