Something big is happening on @Sagaxyz__. "What do you mean?" - $D and $MUST (stablecoins) were launched - @dndNGMI will be central to Saga's agentic vision 🧵
II. "Honestly, I think @Sagaxyz__ has fallen off many people's radar, as well as mine." Agreed, but now, it's bursting back onto the scene becoming the first chain to make carry trades fully onchain "Wait, what are these trades?"
III. Carry trades are one of the most proven ways to turn yield differentials into profit. "How exactly?" It's a simple concept: borrow cheaply to invest in assets that yield high interest rates.
IV. Anyone can take advantage of it by combining @mustangfinance (low cost borrowing) and @PalominoFi (high yield on @ColtProtocol's assets). "What are they?" - Mustang Finance, a fork of @LiquityProtocol V2, allows users to deposit BTC, ATOM, or SAGA and take out $MUST - @PalominoFi, which is built on @aave V3, supercharges adoptions by subsidizing lending on @ColtProtocol assets like $D.
The era of Multichain DeFi is here. @ColtProtocol and @MustangFinance are live on Saga, bringing fully-backed stablecoins and composable credit to Velocity DeFi. Explore Colt → Explore Mustang → More, Faster
V. "How does @ColtProtocol works?" It converts the underlying reserve from non-yield bearing stables to secure yield bearing tokens with the best yield. Today, this might be @noon_capital, but next month it may be @ethena_labs.
VI. With $D, you don't need to constantly shift between different stables to chase after the best yield. With it, you never chase yield, the yield chases you. "That hits hard, babe."
IX. Returning to carry trades: these have generated trillions in global markets. With @Sagaxyz__, they are now open, transparent, and on-chain with no custody risk, no gatekeepers, just velocity. It's transforming passive assets into active capital. Today, it starts with the carry trade; tomorrow, it powers the entire multichain DeFi economy. Saga.
Bois, what's your take on @Sagaxyz__? @splinter0n @0xDefiLeo @the_smart_ape @0xCheeezzyyyy @DOLAK1NG @YashasEdu @0xAndrewMoh @eli5_defi @_SmokinTed @RubiksWeb3hub @kenodnb @rektonomist_
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