Colt

The stablecoin engine of @Sagaxyz__ is live. Meet Colt Protocol, the foundation of Multichain Velocity DeFi. Fully-backed, yield-bearing, composable. Mint $D. Earn more. Move faster. → coltstable.com

SagaEVM is now open, and access has been restored. If you were impacted, follow the latest updates from ecosystem primitives for next steps. → saga.xyz/sagaevm

If you’re eligible, deposit your $D, and claim your collateral. Thursday.

SagaEVM reopens Thursday. Claims for $D will be available immediately. 🧵↓

This ensures all $D holders can exit based on the same final state of the system. Additional details and instructions will be shared ahead of SagaEVM reopening.

Minting new $D has been disabled and the traditional redemption has also been disabled. A new redemption logic is implemented where $D holders may redeem from the total collateral. Users redeeming 1 $D will receive 0.34 $MUST + 0.11 $VYUSD.

Colt Protocol Update: Following the SagaEVM exploit, the Colt reserve has now been finalized, including assets recovered from attacker-controlled wallets. This establishes the total collateral backing all outstanding $D. 🧵↓

addressing the recent exploit

@mustangfinance @PalominoFi

@mustangfinance @PalominoFi Reserve yield becomes stimulus. Every $D in circulation makes the Saga economy move faster.

Most stablecoins are static. You mint, you hold, nothing happens. Colt’s @Sagaxyz__ Dollar ($D) is not most stablecoins. 🧵↓

$D supply just passed $5M. → coltstable.com