Mustang Finance(MUST)

Stablecoin Information

Mustang USD is a decentralized over-collateralized stablecoin that is pegged to the US dollar and backed by crypto assets on the Saga EVM chain. Mustang is a friendly fork of Liquity V2. 1 $MUST is always redeemable for $1 in backing assets.

Category:crypto-backed

Minting and RedemptionUsers open vaults (“troves”) and deposit accepted collateral to mint MUST up to their chosen collateral ratio. To unlock collateral, borrowers repay and burn MUST, or anyone can redeem 1 MUST token directly for $1 of collateral from which ever trove is paying the lowest interest rate, ensuring the peg.

Audits:Yes