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 monad 7.6% 3.0% $64.3M 2027-01-14 73d — — no source on record
USDat ethereum 7.6% 3.0% $30.3M 2027-01-14 73d — — no source on record
sUSDat monad 12.3% 55.0% $4.9M 2027-01-14 73d — — no source on record
sUSDat ethereum 12.8% 54.7% $5.7M 2027-01-14 73d — — no source on record
USDat bnb 5.7% 0.0% $1.8M 2027-01-14 73d — — no source on record
Strata
srUSDe ethereum 4.9% 5.1% $973K 2027-02-25 115d — — no source on record
jrUSDe ethereum 5.9% 4.7% $295K 2027-02-25 115d — — no source on record
srUSDat monad 10.7% 8.2% $1M 2027-01-14 73d — — no source on record
srUSDat ethereum 10.4% 8.1% $896K 2027-01-14 73d — — no source on record
srnOPAL ethereum 8.3% 9.0% $76.1K 2027-01-07 66d — — no source on record

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 monad 1,997 ×30
USDat ethereum 1,989 ×30
sUSDat monad 411 ×10
sUSDat ethereum 395 ×10
USDat bnb 2,656 ×30

Strata

Strata only: points exposure per dollar and the multiplier, one row per market.
Market Pts/$ Mult
srUSDe ethereum 4,472 ×69
jrUSDe ethereum 1,084 ×20
srUSDat monad 3,705 ×78
srUSDat ethereum 3,228 ×66
srnOPAL ethereum 4,074 ×60

What Pts/$ measures