Can't buy US stocks? One article teaches you how to capture the double-digit annualized returns of STRC I thought there wasn't much opportunity to make money in a bear market, but teachers like Chen Xiaomeng print money every day! I saw him boasting on Twitter that 10000 shares of STRC can receive a dividend of $4800 in half a month, which is too tempting! Note that it's half a month and only the dividend income from holding US stocks! After some tutoring, I discovered a more DeFi native gameplay. Let's dive in! ⬇️ Let's first explain what STRC is. In one sentence, STRC is a US stock issued by Michael Saylor's Strategy Inc as a perpetual preferred stock with Bitcoin over collateralized variable interest rates. In human terms, buying this stock is equivalent to lending money to a strategy company to buy Bitcoin, and the strategy company distributes dividends to shareholders every month through Bitcoin holding strategies. I asked Teacher Chen and he said he bought it from Interactive Brokers. I couldn't buy US stocks, so I started researching the operation mechanism of STRC and discovered a magical method. This method, which is 100% based on STRC, is rapidly emerging as a native product in the cryptocurrency industry, and there are still very few people discussing it. It is called @ saturn_credit and @ 0xYond, which were recommended in the flywheel group a long time ago and have only just figured it out now. Saturn captures returns of over 11.5% by purchasing STRC stocks, and then provides users with Bitcoin backed revenue products through institutional level infrastructure. I understand buying stocks and receiving dividends. Where does the profit above the dividend come from? Saturn has built compliant stablecoins USDat and sUSDat interest bearing tokens. Digging deeper, sUSDat is an interest earning token that earns approximately 11% of its profits directly from STRC; USDat itself has no income. Like USDC/USDT, it is endorsed by M0's US treasury bond bonds and is mainly used for DeFi liquidity, payment and settlement. Why create two tokens? I understand that on the one hand, there is a compliance requirement. KYC is required for the inflow of funds on the US stock market, and dual currencies can cooperate with each other to meet compliance requirements. On the other hand, minting and redeeming single currencies is very unfavorable for liquidity expansion, making it difficult for the market to digest and carry short-term, large-scale capital operations. / In this way, the additional income is easy to understand. Just think about what Ethena is doing. Ethena actually captures ETH funding rates, Saturn captures Bitcoin carry trade, and Ethena has used this to create stablecoins with a market value of over $10 billion. Saturn has already reached a scale of over $1 billion not long after its launch, and within 20 days of its launch, TVL exceeded $100 million. Speaking of which, the additional revenue comes from the DeFi amplification effect, including but not limited to: ∝ Pendle PT suUSDat locks in fixed rate of return ∝ Leveraged lending cycle amplification ∝ Early agreement subsidies and point farming incentives ⊙ A small amount of Treasury mixed configuration or market pricing premium Dual currency has been natively integrated into Pendle, Morpho, and Curve, allowing you to experience the joy of DeFi LEGO again. After checking, we have the following highly recommended gameplay:  PT USDat: about 7.5% fixed income, low risk, endorsement of US treasury bond bonds ∝ PT suUSDat: Approximately 12.3% fixed income, subject to STRC risk ∝ Morpho: Using sUSDat as collateral for a revolving loan To sum up, Saturn has achieved value capture through Bitcoin credit endorsement, directly reusing Saylor's strategy, and raising funds to purchase Bitcoin and distribute dividends in the US stock market. All of these strategies and products are connected through compliant stablecoins and interest bearing tokens on a compliant and institutional level, ultimately providing DeFi revenue products with multiple strategies. Digging into project information, @ yzilabs invested during the launch, and YZi Labs' influence in Asia goes without saying. Buying US stocks requires a brokerage account, and Saturn's bringing it to the chain also meets the native needs of most users. How does Saturn make money? Actually, as hinted earlier, 100% of USDat reserve interest income belongs to the team, and there is also 10% of sUSDat earnings In terms of institutional level infrastructure, Saturn has hired Galaxy Digital as the STRC execution broker, responsible for institutional level buy and trade execution; We found Clear Street to provide self clearing brokerage services and cloud native custody, and also hired Securitize to be responsible for compliance issuance, blockchain tokenization, and regulatory compliance management. In addition, during the project initiation phase, a total of $10 million in funding was obtained from top funding providers such as Galaxy, Susquehanna Crypto, and Flowdesk. Is this the institutional level appeal? Oh, by the way, all the strategies I participate in on Saturn earn points, up to a maximum of 30x points. Guess what use this point will have in the future? Wish us good luck! / Author: Anymose | A Soft Core Science Popularization Writer This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!