Points Distributed is now 199.08B.

That changes the TGE path more than the YT ranking.

TGE Window

Season 1 still ends at the earlier of:

1. $500M TVL;

2. 8 Aug 2026 deadline.

Current TVL is around $215.7M, so Saturn needs another ~$284.3M to hit the cap.

To reach $500M before the 8 Aug deadline, TVL has to grow by roughly:

$284.3M / 61 days = ~$4.66M/day

After the STRC move and sUSDat outflow, the short-term TVL trend is negative. So I no longer treat an early $500M TVL trigger as the base case.

For now, 8 Aug 2026 looks like the cleaner TGE assumption unless TVL starts growing again above ~$4.7M/day.

Updated YT Ranking

I only keep the two best options by cost per 1M points.

Assumptions:

• date: 8 Jun 2026;

• expiry: 27 Aug 2026;

• TGE case: 8 Aug 2026;

• YT resale on 8 Aug uses exit IY ~2.5% below current IY;

• no slippage/fees included.

yt-USDat BNB is still the best farm.

yt-USDat ETH is now close enough to matter. It has a lower multiplier, but the YT is cheaper by implied APY, so the final cost per point is not far behind.

What changed

The old setup was driven by the BNB boost.

Now the max multiplier is down to 36x, but the best USDat YTs still work because current IY makes the notional exposure per $1,000 stronger.

For a fresh $1,000 entry:

• BNB gives ~126M points by 8 Aug;

• ETH gives ~119M points by 8 Aug;

• both are materially better than sUSDat / jrUSDat for pure points farming.

Existing yt-USDat BNB position

For my old position:

New yt-USDat BNB entries are now cheaper per point than my original position:

~$6.64 vs ~$7.91 per 1M points

ROI check

For the old position, using 8 Aug as TGE:

Lower system emissions help my share.

But lower TVL can hurt the realistic FDV. That is the tradeoff now.

Bottom line

The farm did not break after the boost ended.

But the thesis changed:

• TGE by TVL cap is no longer the base case;

• 8 Aug deadline is the cleaner assumption;

• BNB yt-USDat is still #1;

• ETH yt-USDat is now close #2;

• the main risk is no longer just cost per point, but dilution plus lower FDV if TVL does not recover.

Author: https://x.com/hell0men

Ref code (5% boost): SAT-50CEAD17

Now I want to check it against live data:

1. how many points my position is earning;

2. how many points the whole system is printing.

From that, we can estimate the TGE window, my share of total points, net burn, cost per 1M points, breakeven FDV and ROI.

Position

If TGE happens before expiry, part of the YT position can still be sold. So I am not only counting points, but also net burn after selling the remaining YT.

System

My current share of daily emissions:

2.98M / 9.73B = ~0.031%

For the airdrop, the important number is not the daily share, but my share of total points at TGE.

TGE Window

Season 1 ends at the earlier of two events:

1. TVL reaches $500M;

2. Season 1 deadline: 8 Aug 2026.

Current TVL is around $247.4M. That leaves roughly $252.6M until the cap.

At the current pace of about $4.0M/day, TVL reaches $500M in around 63 days, which is close to 2 Aug 2026.

So the TVL cap and the Season 1 deadline land in almost the same window: early August. I use 2-8 Aug 2026 as the TGE window.

BNB boost ends on 6 Jun 2026, 9 AM EST.

Points at TGE

Using the current system speed of ~9.73B points/day:

If system emissions fall after the BNB boost ends, my final share should be higher.

Net Burn

Entry: $1,000.

Instrument expiry: 27 Aug 2026.

For YT resale, I assume the exit IY is about 2-3% lower than today: around 7.66% instead of ~10.16%.

Cost of points:

Breakeven and ROI

Season 1 allocation: 5%.

• Optimistic case: FDV $250M, Season 1 pool = $12.5M.

• Pessimistic case: FDV $125M, Season 1 pool = $6.25M.

Formulas:

• drop value = FDV 5% share of points

• breakeven FDV = net burn / (5% * share of points)

• ROI = drop value / net burn - 1

I use $250M FDV as the optimistic reference from the APYX Polymarket market. $125M FDV is the pessimistic case, 50% lower. It is not a direct comp, but it is a useful reference for a new points-to-token launch.

Comparison with yt-srUSDat

yt-srUSDat lowers net burn through underlying yield, but it prints fewer points.

If we put $1,000 into yt-srUSDat now:

For the 8 Aug scenario:

Bottom line:

yt-USDat BNB gives the highest raw points and the best cost per 1M points in the 2-8 Aug TGE window.

yt-srUSDat ETH burns fewer dollars, but because it earns fewer points, it ends up more expensive per 1M points.

What to Watch

To avoid turning a YT farm into a losing trade, I would watch several live metrics instead of only looking at ROI:

The main risk is dilution. If the system starts printing points much faster than my position, breakeven FDV moves higher and ROI compresses quickly.

Author: https://x.com/hell0men

Ref code (5% boost): SAT-50CEAD17