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.
¿Dónde se puede comprar Mustang?
Puedes intercambiar tokens MUST tanto en plataformas cripto descentralizadas como centralizadas. La opción preferida para comprar y operar Mustang es Oku Trade (Saga), en particular el par MUST/USDC, cuyo volumen de negociación en el último día fue de $ 5.62.
¿Cuál es el mayor valor que Mustang (MUST) ha alcanzado?
El precio de Mustang (MUST) alcanzó su máximo en 0.9982 $ el 14 diciembre 2025, hace aproximadamente hace 5 meses. Actualmente, el precio es -49.61%, lo que es menor que este máximo histórico.
¿Cuál es el precio mínimo histórico de Mustang (MUST)?
El precio mínimo alcanzado por Mustang (MUST) fue 0.4995 $, registrado el 07 mayo 2026, hace más de hace 13 días. En comparación, el precio actual es 0.7%, lo que está por encima de este mínimo histórico.
¿Cuál es la valoración totalmente diluida de Mustang (MUST)?
La valoración totalmente diluida (FDV) de Mustang (MUST) es de $ 77,64 M.. Esta cifra refleja la capitalización máxima potencial de mercado, considerando que la oferta circulante actual está en el máximo de tokens MUST. Alcanzar este FDV puede llevar varios años dependiendo del calendario de emisión de los tokens MUST.