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Mustang is LIVE!

Published by Mustang Team on
Mustang launch announcement

Mustang Finance Is Live on Saga: Borrow, Leverage, and Accelerate Velocity DeFi

Mustang Finance is now live on the SagaEVM. Mustang is the borrowing and leverage engine of Velocity DeFi, built as a next-generation Liquity V2 deployment. Users can borrow MUST, a fully backed stablecoin, against major crypto assets and route that liquidity through the entire Saga ecosystem.

Whether you want to stay long, unlock liquidity, or put assets to work inside Velocity DeFi, Mustang is built for capital that does not sit still.

Launch App: https://app.must.finance/
Docs: https://docs.must.finance/docs/user-docs/general

A First-of-Its-Kind Liquity V2 Deployment

Mustang is not just another Liquity fork. It is the first Liquity V2 deployment of its kind, and it introduces capabilities that do not exist anywhere else in the ecosystem.

Mustang is:

  • The first Liquity V2 integrated into a Cosmos-powered L1

  • The first Liquity V2 to support multichain collateral at launch, including BTC via tBTC, ETH, SAGA, stATOM, KING, and yield-bearing assets

  • The first Liquity V2 connected to a fully on-chain automation layer, with Steer ALMs powering leverage loops, liquidity strategies, and future structured products

  • The first end-to-end observable credit system, where every step of the loop (borrow, mint, deploy, earn) lives entirely on-chain

  • The first Liquity V2 running inside a unified liquidity environment, where MUST, $D, and stable liquidity flow through Colt and the broader Liquidity Integration Layer

Mustang is pioneering territory for Liquity V2 design and multichain credit systems. No other deployment has this combination of collateral breadth, automation, routing, and composability.

 

 

What Mustang Does

Mustang lets you borrow MUST against high-quality collateral, then move that liquidity anywhere inside Saga. You set your own interest rate. You choose how deep you want to leverage. Every position is fully backed and enforced on-chain.

Borrowers can:

  • Stay long while unlocking liquidity

  • Loop collateral through Colt or AMMs

  • Deploy MUST into yield strategies

  • Cycle into cross-ecosystem flows via Multichain DeFi

Mustang is where collateral becomes momentum.

 

 

Supported Collateral at Launch

Mustang supports the following assets at launch:

  • WETH

  • tBTC

  • SAGA

  • stATOM

  • KING

  • yETH and yUSD through YieldFi integration

More forms of collateral will be added as new partners integrate with Saga and Velocity DeFi expands.

 

 

How Leverage Flows Through the Saga Stack

Borrow MUST → deploy liquidity → earn yield → repay or re-leverage.

Mustang connects directly to:

  • Colt (stable liquidity base)

  • Saga AMMs

  • Steer-powered automated strategies

  • Multichain routing engines

  • Partner vaults and liquidity programs

This makes Mustang one of the first fully composable, on-chain leverage systems built for multichain capital.

 

 

The Core Loop: Credit to Liquidity

Mustang enables the first native credit-to-liquidity loop on Saga.

Users can:

  1. Borrow MUST against BTC, ETH, SAGA, or other collateral

  2. Deploy MUST as liquidity or stable capital

  3. Earn yield through on-chain activity

  4. Recycle capital into additional strategies

Everything settles on-chain. Everything is transparent.

 

 

What Comes Next

The Mustang roadmap includes:

  • Additional collateral onboarding

  • Higher leverage bands for certain assets

  • Native Mustang vaults

  • Real-time transparency dashboards

  • Direct routing into upcoming Saga DeFi partners

  • Mustang governance and community channels

Mustang is live today. The next phase of Velocity DeFi starts now.

Dive in, borrow, build, and accelerate.

https://docs.must.finance/docs/user-docs/general



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