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#311 Mustang
Suspiciously similar
Last price update: 15 May
$ 0.503
Current trading data unavailable
Our database has no trading pairs or current price. This does not mean the coin is not traded. Check quotes on the exchange before trading.
Contracts
Market Cap
$ 77.6 mln.
#430
FDV valuation
≈ $ 77.7 mln.
FDV ≈ price × issued supply. Future issuance is not included.
Issued supply: 154 370 861 tokens.
FDV / market cap: 1.00×.
Saved supply is used; its verification date is unknown.
Calculated using the last available price; quote freshness is unconfirmed.
Issued supply: 154 370 861 tokens.
FDV / market cap: 1.00×.
Saved supply is used; its verification date is unknown.
Calculated using the last available price; quote freshness is unconfirmed.
Volume · 24h
$ 5.6
Market share
<0.01%
Circulating MUST
—
Issued supply
154 370 861
Price: low and high
24 hrs
No data
30 days
No data
1 year
Partial data
Low $ 0.5
High $ 0.998
All time
No data
How the range is calculated
24h uses saved quotes from the last 24 hours. The 30-day and one-year views use daily lows and highs for UTC calendar days, including today. Gaps are not filled; prices may have differed between samples. The dot marks the current price, not a buy signal.
All time uses CoinGecko’s USD ATL and ATH. Other currencies use the current exchange rate; these are not historical records in the selected currency.
Exchanges where MUST is traded
No dataCalculator MUST
MUST 
USDT
1 MUST = 0.503 USD
What is Mustang?
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.
Official websites and links for Mustang
There are currently about 4 official links to Mustang websites and social media:
- Website - must.finance
- Twitter - twitter.com/mustangfinance
- Facebook - facebook.com
- GitHub - github.com/orgs/MustangProtocol
