What is MUSTANG(MUST)?

Basic information about MUST

Coin name:

Mustang

Coin symbol:

Coin introduction:

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.

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Current Price:

$0.757256More coin details

All-time high:

$0.998253

All-time low:

$0.757256

MUST Supply Info and Tokenomics

Circulating supply:

154M

Total supply:

154M

Max supply:

Market cap:

$116.853M

Fully diluted valuation:

$116.853M

What is the outlook and future value of MUST?

The current market cap of MUST is $116.853M, ranked 2497 in the market, showing that the market already recognizes the value of MUST. When a bull market arrives, the market cap of MUST may continue to grow.

Moreover, if MUST can play a greater role in real-world applications—such as if the Monero developers can fully empower MUST and establish partnerships with more business partners to expand its user base—then the long-term value of MUST will be further enhanced.

What is the price of MUST in 2027?

According to the historical price performance prediction model of MUST, the price of MUST is expected to reach $0.795118 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get MUST?

Purchasing MUST with cash is not the only way to obtain MUST. If you have enough time, you can get MUST for free.

Learn how to get Hot rewards for free with MUST.

Earn free MUST by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get MUST airdrops for free.

All crypto airdrops and rewards can be exchanged for MUST through LBank spot trading.

Buy MUST starting from $1

What is MUST used for and how to use it?

The use cases for MUST may grow with the development of the crypto market and project progress. Currently, you can use MUST to:

Arbitrage trading of MUST

MUST is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many MUST trading pairs to suit your needs.

Earn yield with MUST

You can also lend out MUST or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your MUST gains.

Send or pay with MUST

If you want to pay someone with MUST, you can easily and quickly send MUST to them using their receiving address.

You can also visit the official website of Mustang to learn more use cases of MUST, such as whether the Mustang project supports community/eco apps or buying physical or virtual goods with MUST.