Saturn Foundation said it is upgrading sUSDat to V2 and moving STRC reserves to Ondo’s STRCon, with reserves publicly verifiable on-chain. The foundation said users will not need to migrate or swap their sUSDat during the process. The rollout follows a dated schedule: on Sept. 25, Saturn will propose the upgrade and slow redemptions; on Sept. 28, it will begin transferring STRC and pause redemptions; on Sept. 30, it will execute V2 and propose the migration; on Oct. 2, it plans to execute the migration; and on Oct. 5, redemptions are expected to resume. Saturn also outlined time-based fees. From 9:00 a.m. to 4:30 p.m. Eastern Time, the system will run in normal mode with 0% minting fees and 0.1% redemption fees. Outside those hours, it will switch to boosted mode, with minting fees at 0.25% and redemption fees at 0.5%. Saturn added that the sUSDat vault will launch in boosted mode first, then return to normal mode after the migration is completed. All minting and redemption fees will be returned to the vault.

Saturn Foundation said it will offer double points from Aug. 4 through Aug. 13 for the USDat and sUSDat Pendle markets on Monad, both maturing on Jan. 14, 2027. The program applies specifically to those two markets. Under the allocation schedule released by Saturn, double points earned on or before Aug. 8 will count toward Gravity Points Season 1, while double points generated starting Aug. 9 will be credited to Orbital Points Season 2. The update was announced by the foundation in a post on X.

Strategy’s Stretch preferred shares, listed under the ticker STRC, have become a pressure point for two DeFi protocols that built yield products around the security. According to Forbes, Apyx and Saturn together manage nearly $490 million, with Artemis analyst Zheng Jie Lim estimating that about $267 million was directly exposed to Stretch as of July 21. The damage has already shown up in token pricing: Apyx’s synthetic dollar apxUSD briefly fell below $0.80 in late June before recovering to around $0.90 on Kraken and Curve, while Saturn’s yield-bearing sUSDat was worth roughly $0.90 USDat. The structure of both protocols relies heavily on Stretch as reserve collateral, leaving them vulnerable to further declines in the preferred stock. Market participants cited in the report said leverage loops on Morpho and yield-splitting on Pendle can magnify the stress, though some argued the products are not yet large enough to trigger a broader crypto contagion. The report also said Strategy has started selling Bitcoin and raising equity to shore up liquidity while Michael Saylor’s company revises the way it presents its mNAV metric.

Saturn Foundation said deposits in its Pendle market have surpassed $100 million and that it is now rolling out a second maturity market, with the first deployment on Monad. The foundation also set a cutoff for its points program: points accumulated before Aug. 9 will count toward Season 1, while points earned after that date will be counted in Season 2, which runs through Jan. 14, 2027. Saturn said the verified Pendle markets currently include USDat and sUSDat. Earlier reporting from Foresight News said Saturn’s USDat Pendle market went live on Monad on July 17. That market lets users access fixed and floating yields backed by positions in short-term U.S. Treasuries, and its first maturity date is Aug. 26, 2026.

Saturn selects Chainlink CCIP as its interoperability layer. Deposits of USDat and sUSDat exceed $220 million in six weeks; STRc outstanding surpasses $8.5 billion.

Crypto markets remain quiet but institutional adoption accelerates, creating a disconnect with prices. Yield strategies like option selling and structured products become mainstream, with PENDLE surging 44% on STRC yield pool. Compliance infrastructure providers rise as key enablers for the next growth phase.

Despite weak crypto prices, institutional adoption accelerates. Maxime Seiler advises yield strategies via options; Kavita Maharaj-Alexander highlights the growing role of compliance infrastructure. Weekly headlines include DTCC's tokenized platform, CLARITY Act, Tether's Q1 profit, Canada's ATM ban, and Kelp DAO hack. PENDLE rallies 44% on STRC yield pool.

Despite surface calm in crypto markets, institutional adoption accelerates. Maxime Seiler highlights yield strategies via options; Kavita Maharaj-Alexander discusses compliance infrastructure maturity. Pendle surges 44% on STRC yield pool. DTCC plans tokenized platform, Tether reports $1B quarterly profit.