Mustang Finance
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Protocol TVL
About Mustang Finance
Mustang is the Saga native decentralized stablecoin protocl. MUST is always pegged to $1.00. It is over-collateralized, yield-bearing, and redeemable for $1 worth of collateral at any time.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Mustang Finance Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Nov 28, 2025Listed on DeFiLlama
Protocol Profile
Mustang Finance is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Saga. The codebase has been independently audited (1 report on file).
Supported Chains
Protocol Footprint
Mustang Finance is a single-chain protocol, deployed exclusively on Saga — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Tellor); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Mustang Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
Mustang Finance is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether Mustang Finance's own TVL is at the top, middle, or tail of the category.
Related protocols
Other DeFi protocols connected to Mustang Finance by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
Top protocols on Saga
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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