Mustang Finance is a decentralized borrowing protocol that lets users deposit WETH, tBTC, SAGA, stATOM, KING, yETH, and yUSD as collateral, and mint the stablecoin MUST at an interest rate depositors choose. Mustang Finance is a Liquity V2 fork built specifically for the Saga EVM.
The main use-cases for Mustang Finance are:
- Borrow MUST
- 1-click multiply exposure to collateral assets
- Earn yield by depositing MUST in the stability pool or farming elsewhere
What is MUST?
MUST is the USD-pegged stablecoin issued by the Mustang Finance protocol. It's decentralized, overcollateralized, and backed only by a basket of crypto native assets.
MUST is a resilient stablecoin by design:
- Only backed by crypto assets ("no real world assets" like US Treasuries)
- Directly redeemable for the underlying assets at any time by any one permissionlessly (always convertible in a fast and liquid way)
- Can only be created by users depositing more collateral.
- What are MUST's main benefits compared to other stablecoins?
- MUST is backed by a variety of LSTs, LRTs, plus ETH, ARB, and COMP.
- It is always redeemable for the underlying assets, meaning you can always swap it as if worth $1, for the collateral backing it
- MUST has native incentives via Protocol Incentivized Liquidity (PIL) directed by governance, ensuring that there will always be sufficient liquidity to handle transactions
- MUST is Saga EVM native, and is built specifically for the fast and free-to use Saga EVM network.
What is MUST's peg mechanism?
- Mustang Finance uses Liquity V2's market-driven monetary policy through user-set interest rates to maintain - MUST's peg and to dynamically respond to situations where the token is above or below $1.00.
When MUST trades above $1, borrowers tend to reduce their rates due to lower redemption risk, making borrowing more and holding MUST less attractive. This helps correct the price downwards.
In contrast, when MUST trades below $1, arbitrageurs will initiate redemptions to restore the peg. Borrowers' exposure to redemption risk prompts them to increase interest rates, boosting demand for MUST (and Earn deposits) and pushing its price upward.
Wo kann man Mustang kaufen?
Sie koennen MUST-Token sowohl auf dezentralen als auch auf zentralisierten Kryptoplattformen tauschen. Die bevorzugte Wahl fuer den Kauf und Handel von Mustang ist Oku Trade (Saga), insbesondere das Paar MUST/D, dessen Handelsvolumen am vergangenen Tag $ 50.22 betrug.
Welchen Hoechstwert hat Mustang (MUST) jemals erreicht?
Der Preis von Mustang (MUST) erreichte am 14 Dezember 2025 mit 0.9982 $ seinen Hoechststand, vor etwa vor 5 Monaten. Der aktuelle Preis betraegt derzeit -49.61%, was unter diesem historischen Hoechststand liegt.
Wie hoch ist der historische Mindestpreis von Mustang (MUST)?
Der niedrigste Preis, den Mustang (MUST) erreichte, betrug 0.4995 $ und wurde am 07 Mai 2026 dokumentiert, vor mehr als vor 6 Tagen. Zum Vergleich: Der aktuelle Preis betraegt 0.7%, was ueber diesem historischen Minimum liegt.
Wie hoch ist die vollstaendig verwaesserte Bewertung von Mustang (MUST)?
Die vollstaendig verwaesserte Bewertung (FDV) von Mustang (MUST) betraegt $ 77,11 Mio.. Diese Zahl spiegelt die maximale potenzielle Marktkapitalisierung wider, unter der Annahme, dass das derzeitige Umlaufangebot bei maximal MUST-Token liegt. Die Erreichung dieses FDV kann je nach Emissionsplan der MUST-Token mehrere Jahre dauern.