Saturn vs Strata

Updated just now

Saturn and Strata share USDat in their market names: Saturn lists USDat and its staked form sUSDat, and Strata lists srUSDat beside its srUSDe and jrUSDe legs. The two sides are read along different lines. Saturn's rows sit on more than one chain, and between two of them on the same chain and term, the plain leg against the staked one is the variation worth reading; it lands in the carry column. On Strata's side, the first thing to read is where each claim sits in its structure, senior or junior. The table below keeps each side in the order its own hub uses.

Cost, size and dates

Every live Pendle points market for Saturn, then for Strata, one row per market: the annualised cost of carry, the underlying yield, TVL, expiry, days to the end, snapshot and TGE dates, and airdrop status. Rows are grouped by protocol and not sorted across the two.
Market Carry Yield TVL Expiry Ends Snapshot TGE Airdrop
Saturn
USDat bnb 4.2% 0.0% $90.8K 2027-01-14 118d no programme on record
USDat monad 6.8% 3.0% $32M 2027-01-14 118d no programme on record
USDat ethereum 6.6% 3.0% $17.8M 2027-01-14 118d no programme on record
sUSDat ethereum 10.4% 28.0% $6.6M 2027-01-14 118d no programme on record
sUSDat monad 14.6% 32.9% $5.6M 2027-01-14 118d no programme on record
Strata
srnOPAL ethereum 9.0% 9.9% $136K 2027-01-07 111d no programme on record
srUSDe ethereum 4.6% 4.0% $18.4M 2026-10-22 34d ⛔ no airdrop
jrUSDe ethereum 7.0% 7.3% $1.9M 2026-10-22 34d ⛔ no airdrop
srUSDat ethereum 8.9% 8.1% $904K 2027-01-14 118d ⛔ no airdrop
srUSDat monad 9.3% 8.2% $1.1M 2027-01-14 118d ⛔ no airdrop

Carry is gross: YT earns the underlying yield — see how much underlying_yield_annual_pct covers.

Points, one side at a time

Each point on either side, Saturn or Strata, is counted in its own programme's units, and no figure here converts between them.

Saturn

Saturn only: points exposure per dollar and the multiplier, one row per market.
Market Pts/$ Mult
USDat bnb 2,252 ×30
USDat monad 1,369 ×30
USDat ethereum 1,415 ×30
sUSDat ethereum 299 ×10
sUSDat monad 214 ×10

Strata

Strata only: points exposure per dollar and the multiplier, one row per market.
Market Pts/$ Mult
srnOPAL ethereum 2,211 ×60
srUSDe ethereum 16,616 ×69
jrUSDe ethereum 3,132 ×20
srUSDat ethereum 2,315 ×66
srUSDat monad 2,612 ×78

What Pts/$ measures