Ellis Osborn

Stacking Sats @Saturn_credit | Co-President @FranklinDAO | Prev @Fitcentive @M31Capital

[kevin😴 @kevinlhr88]

https://t.co/lhH0O2W0zD

[Seraphim @MacroMate8]

very informative post on STRC

as bullish on saturn as ever

[Zynx @ZynxBTC]

The reasons why $STRC is trading below $95 currently:

1) The product was already struggling because the yield was too low. There has been too much compression between its current yield and the risk-free rate with USTs rising since March. I have spoken about this all month.

2) Every time Bitcoin has a significant drawdown the product trades down from par. We have seen this on multiple occasions previously.

3) The reduction of the USD reserve to repurchase the converts may have caused some people to sell. Likewise the sale of 32 Bitcoin may have spooked others.

4) The presence of $SATA has compounded all these issues as capital has moved from the lower yielding product to the higher yielding product.

The good news is all of this is easily fixed.

They will increase the yield and replenish the USD reserves. The move to bi-monthly dividends should also reduce volatility. It will also be helped by the stabilisation of the Bitcoin price.

No need for panic. Strategy are just fine.

[Saturn Foundation @saturn_credit]

Saturn is aware of the de-pegging of other STRC-backed stablecoins and protocols, but Saturn remains unaffected.

Saturn designed USDat and sUSDat to segregate the risk.

Reach out to the team directly with any questions.

[Saturn Foundation @saturn_credit]

AMA in English, hosted by @Kevinlhr88 and @Ellisp_osborn
$STRC Fundamentals: Where Strategy Goes From Here

06-04-2026
10:00 AM EST | 10:00 PM HKT

Featuring;
• @BTC_Overflow
• @TychoOnnasch

[BTC Optioneer @BTCoptioneer]

$MSTR had to sell the BTC to show the rating agencies that they have the capital to cover dividend obligations.

If Saylor refused to sell BTC, then rating agencies would not recognize it as capital.

[Vlad | defi BNB 🧧🧧🧧 @draffilog]

new week, new post about the most popular @saturn_credit strategy on BSC

ethereum:0x23238f20b894f29041f48d88ee91131c395aaa71 market on @pendle_fi is still continuing to grow.

The reason for this is that yield farmers are super interested in the points multiplier which is currently allocated to BSC specifically through the saturn's Gravity program

Right now until June 6, @saturn_credit and @pendle_fi are running a boosted campaign.

Current multipliers are boosted for BSC's Pendle markets:
USDat: 36x for LP / 72x for YT
sUSDat: 12x for LP / 24x for YT

In a screenshot below, you can see the overall top 5 strategies on BSC by TVL size

[Saturn Foundation @saturn_credit]

.@Chainlink now publishes a NAV oracle fed by @AccountableData's Proof of Solvency for Saturn's offchain $STRC balances.

[kevin😴 @kevinlhr88]

Spoke with an onchain asset issuer at Consensus Miami.

He told me:

“If it doesn’t beat $STRC, it’s not worth tokenizing.”

$STRC is becoming the benchmark for DeFi.

[Ellis Osborn @ellisp_osborn]

$STRC is the digital hurdle rate.

There is no second best.

Tranche it.
Loop it.
STRC it.

[Saturn Foundation @saturn_credit]

Saturn surpassed $200M in TVL within 44 days of launch.

STRCFi is here - DeFi accelerated by $STRC.

[M0 @m0]

USDat, powered by M0's modular stablecoin infrastructure, is @saturn_credit's stablecoin built for liquidity & settlement. Users hold digital dollars directly.

The staked version, sUSDat, offers exposure to $STRC, a @Strategy instrument that currently pays a variable distribution.

[Pendle @pendle_fi]

Same thing, but better.

Earn up to 3x more yield with @saturn_credit PT-USDat than T-Bills.

Swap up to ~$6M for an effective fixed APY of 8.74%.

[Saturn Foundation @saturn_credit]

Saturn is now live on @BNBChain.

USDat and sUSDat will integrate across leading DeFi protocols - bringing $STRC to BNB Chain at scale.

Available to eligible participants outside the United States.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

With @saturn_credit PT-USDat on @pendle_fi, there's a higher, but IMO, less-degen-loop to consider for PT-USDat/AUSD on Morpho.

1⃣ Lock in a fixed 8.96% APY with PT-USDat on Pendle
2⃣ Deposit PT in @Morpho and borrow AUSD (6.21%)
3⃣ Swap AUSD for more PT-USDat on Pendle

And repeat the loop until we get ~10x exposure.

The net APY should be about 33% = (10*8.96-9*6.21)

$189M in USDat is backed by $104M in US T-bills + $85M in STRC, which IMO, is a more conservative design to ensure USDat maintains a 1:1 peg to the dollar.

This is a more interesting STRC-backed looping yield.

[Carl Vogel @CarlKVogel]

Tokenization is no longer a niche experiment.

It is rapidly becoming a serious arena in which institutions compete to lead one of the largest new asset categories and where capital allocators pursue meaningfully better returns. 🧵👇

[CoinGecko @coingecko]

Strategy’s $STRC is coming onchain, opening up a new category of Bitcoin-linked yield products in DeFi.

In this article, we explore how @Pendle_fi enables users to access, separate, and trade STRC-linked yield.

Read the full article 👇
https://t.co/u7KXZgxhAd

[Saturn Foundation @saturn_credit]

Gravity Points Allocation: Season 1

To accelerate $STRC expansion in DeFi, the Saturn Foundation may allocate up to 5% of the initial token supply to Season 1 participants.

Conditioned on the launch of the Saturn governance token.

[Ellis Osborn @ellisp_osborn]

@saylor Block-by-block

[Strata @strata_markets]

1 Day since @saturn_credit market launch.

srUSDat: 7.8% APY. Fixed. No volatility. Digital Money better than yield-bearing USD.

jrUSDat: 25% APY. Leveraged $STRC. No liquidation. Digital Yield better than looping.

The stretch is working.
The tranches are live.

[Ellis Osborn @ellisp_osborn]

Saturn x Strata now enable senior and junior tranches on @Strategy's $STRC.

This is the point of DeFi - novel use cases on top of high quality assets.

Flex them in any shape or form and you get infinite customization and exponential distribution.

DeFi is now just finance.

[Saturn Foundation @saturn_credit]

Introducing risk tranching on $STRC via sUSDat:

• Senior USDat (srUSDat)
• Junior USDat (jrUSDat)

Powered by @Saturn_credit and @Strata_markets.

Available only to eligible non-U.S. participants.