Colt

Next-generation DeFi stablecoin protocol — fully-backed, yield-bearing, and subsidy-powered by design.

Now Live on @sagaxyz__.

[Colt @ColtProtocol]

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.

→ https://t.co/mYxCjj1pzX

[Saga AI Labs @SagaAILabs]

SagaEVM is now open, and access has been restored.

If you were impacted, follow the latest updates from ecosystem primitives for next steps.

→ https://t.co/6fuyc7GpUj

[Colt @ColtProtocol]

SagaEVM reopens Thursday.

Claims for $D will be available immediately. 🧵↓

[Colt @ColtProtocol]

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

Thursday.

[Colt @ColtProtocol]

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.

[Colt @ColtProtocol]

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. 🧵↓

[Colt @ColtProtocol]

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.

[Saga AI Labs @SagaAILabs]

addressing the recent exploit

[Colt @ColtProtocol]

@mustangfinance @PalominoFi

[Colt @ColtProtocol]

Most stablecoins are static. You mint, you hold, nothing happens.

Colt’s @Sagaxyz__ Dollar ($D) is not most stablecoins. 🧵↓

[Colt @ColtProtocol]

@mustangfinance @PalominoFi Reserve yield becomes stimulus.

Every $D in circulation makes the Saga economy move faster.

[Saga AI Labs @SagaAILabs]

https://t.co/bOijYg4lWB

[Colt @ColtProtocol]

$D supply just passed $5M.

→ https://t.co/mYxCjj1Xpv