what's USDat?
USDat is a synthetic dollar stablecoin protocol developed by Saturn, leveraging digital credit mechanisms akin to Bitcoin's model. It functions as a dollar-denominated token that routes on-chain dividends from underlying preferred equity positions, providing users with a stable asset integrated into DeFi ecosystems. The protocol emphasizes Bitcoin-backed stability through structured yields, enabling seamless interaction with decentralized finance applications. Launched with seed funding from prominent investors, USDat aims to bridge traditional credit concepts with blockchain infrastructure for reliable value transfer.
USDat is 1:1 backed by tokenized U.S. treasuries, fully redeemable, and yields nothing.
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x.com/usdat21USDat is backed 1:1 by tokenized U.S. treasuries, is fully redeemable at any time, and generates no yield.
Raised $800k in an angel round led by YZi Labs and Sora Ventures.
Offers 11% annualized yield on sUSDat, created by staking USDat, with 5:1 BTC collateralization, BTC-backed credit exposure, a 32-month cash reserve, and no lock-up periods.