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Saturn raises $800,000 to create a Bitcoin-backed stablecoin with 11%+ returns
【Blockchain Rhythm】Saturn has just completed a funding round of 800,000 USD, backed by active on-chain investors such as YZi Labs and Sora Ventures, along with many seasoned angel investors in the industry. This funding is all invested in USDat—a stablecoin protocol backed by Bitcoin as reserves.
Interestingly, how USDat generates returns is quite unique. They use the Strategy perpetual preferred stock mechanism STRC to distribute yields, allowing users to earn an annualized return of over 11%. Additionally, the protocol is unlocking on-chain digital credit access worldwide, meaning it’s not just about returns but also leveraging this ecosystem to access more financial services.