Why I’m paying attention to @Sagaxyz__ ↓
The era of Multichain DeFi just went live.
@ColtProtocol and @MustangFinance are now operational on Saga, and this changes the infrastructure game.
1️⃣ What just launched:
> Colt Protocol: Fully-backed stablecoin ($D) with transparent reserves. You can mint it 1:1 with USDC/USDT/USDN/sfrxUSD, then put it to work across the ecosystem or provide liquidity on Oku DEX.
> Mustang Finance: Composable credit built on Liquity V2. Mint $MUST stablecoin against collateral like wETH, yETH, tBTC, SAGA, stATOM, KING, or yUSD. You set your own interest rates and LTV ratios. Minimum loan: 200 MUST.
Together they form Velocity DeFi - Saga's vision where capital flows constantly instead of sitting idle.
2️⃣ Why this matters:
Saga was early with chainlets when everyone was building monolithic L1s. The market finally caught up - modularity and app-chains are now the meta, and Saga's infrastructure is ready.
3️⃣ What's different this cycle:
New chainlets don't launch into a void. SagaEVM is live with real DeFi rails:
• Liquidity Integration Layer - auto-bridges assets across chains
• Uniswap V3 on a dedicated chainlet with gasless trading
• Native composability - borrow on Mustang, use $MUST anywhere instantly
• Strategic integrations with Axelar, Squid, YieldFi, and Evmos
The infrastructure matured: Cosmos SDK, shared sequencers, EVM rollups made this plug-and-play. Developers get sovereignty without sacrificing liquidity or composability.
4️⃣ The actual unlock:
With Colt and Mustang live, you can now:
• Mint backed stablecoins and deploy them across Saga's DeFi ecosystem
• Borrow against blue-chip assets at rates you control
• Earn yield by depositing $MUST into stability pools (75%+ of borrower fees)
• Provide liquidity on Oku with various D-paired pools
This is onchain carry trades made accessible: affordable borrowing + attractive stablecoin yields, fully automated.
5️⃣ What I like about this:
The restraint. Saga isn't claiming L1 dominance - they're positioning as the connective tissue of the modular stack. The layer that lets DeFi, gaming, and AI agents build without friction.
If the scaling narrative shifts from "one chain growing endlessly" to "thousands of specialized chains moving in sync," Saga's infrastructure becomes the plumbing that makes it work.
My position?
Watching with conviction now that the DeFi layer is live.
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