1. Project Introduction
The last project tutorial I wrote for Binance investments was Genius. Although the gains weren't huge, I still made a profit, so I'm diving in again this time.
Saturn Labs is a stablecoin yield protocol (primarily based on BTC) aimed at building a 10%+ yield stablecoin USDat, backed by MicroStrategy's STRC, with $2.8 million in funding. The investment institutions include Binance. Currently, the annualized yield is about 23%, which can be simply understood as an on-chain version of MicroStrategy — borrowing to buy BTC, then paying interest. As long as BTC doesn't go to zero, this game can keep going.
2. Participation Method
The points activity is currently in its first season, with the end date depending on two conditions: either it reaches August 8, 2026, or the total locked value (TVL) hits $500 million, whichever comes first. This kind of play is something everyone is familiar with — essentially, it's about depositing funds and providing liquidity to earn points.
1️⃣ Gateway: https://app.saturn.credit/, top right corner CONNECT WALLET → EVM network
2️⃣ Basic yield operation, USDC → USDat → Swap. Don't forget to load up with USDC on the ETH chain.
3️⃣ Further profits can be made by staking.
4️⃣ You can generate your own referral code on the Portfolio page to invite friends to join the fun. My code is SAT-3AF93E73, then just hit Submit. Later on, we should be able to band together for some bonus points.
5️⃣ The advanced play is to get involved with Pendle and such, but I find it too complex for us. Stick to some straightforward staking instead.