Add Mustang and #670
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Add Mustang and #670
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Name (to be shown on DefiLlama):
Mustang Finance
Website Link:
https://must.finance/
Logo (High resolution, will be shown with rounded borders):
Chain:
saga
Coingecko ID (leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)
Coinmarketcap ID (leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)
Short Description:
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.
mintRedeemDescription:
Users 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.
Token address and ticker:
0xA8b56ce258a7f55327BdE886B0e947EE059ca434
MUST
pegType:
peggedUSD
pegMechanism:
crypto-backed
priceSource:
defillama
wiki:
https://docs.must.finance/
Twitter Link:
https://x.com/mustangfinance
List of audit links if any:
https://github.com/MustangProtocol/audit-reports