🐴 What?

Colt Stable is a partnered fork of dTRINITY, deployed natively on SagaEVM. The protocol issues a decentralized ERC20 stablecoin called Saga Dollar (D), fully backed by an onchain reserve of other stablecoins and yield-bearing assets on Saga. The yields generated by D’s reserve are redirected to its borrowers on integrated Saga lending protocols, such as Palomino, to subsidize their interest expenses.

Lenders may stake D into the Staked Saga Dollar (stkD) ERC4626 vault, which is automatically supplied into lending protocols. The stkD receipt token functions similarly to a yield-bearing stablecoin (YBS), providing users access to DeFi money market yields as well as composability and secondary market liquidity.

🤔 Why?

1. D provides the Saga ecosystem with a capital-efficient stablecoin to facilitate trading, lending, and borrowing, while stkD delivers yield-bearing liquidity to native dApps and users on Saga.
   • Saga Dollar (D): Non yield-bearing stablecoin, with borrowing costs subsidized by reserve earnings. D is designed to be a cheaper debt instrument, driving credit demand from borrowers.
   • Staked Saga Dollar (stkD): Tokenized D lending deposits, with intrinsic yield powered by elevated credit utilization. stkD is designed to be a high-yield YBS, attracting credit supply from lenders.
2. Not only do subsidies lower the Net Borrow APY for D borrowers, they also boost credit demand and utilization, gradually leading to a higher Supply APY for D lenders (and stkD’s Intrinsic APY).
3. As a result of increased lending and borrowing activities, D’s velocity and trading volume on integrated DEXs, such as Oku, also rise—generating more fees to attract liquidity from LPs.

😎 Who?

The Colt Stable protocol benefits market participants on both sides of Supply and Demand:

1. Buy-Side Supply: Lenders and stakers earn superior yields.
2. Sell-Side Demand: Borrowers and loopers (i.e., carry traders) get cheaper access to leverage.
3. Sell-Side Supply / Buy-Side Demand: LPs process higher trading volume and earn more fees.
4. Native dApps: Saga protocols that support Colt assets unlock more capital efficiency, liquidity, and velocity—improving user experience and adoption.

⌛ When?

Colt officially launched in September 2025. Prior to Colt’s TGE (token generation event) which is planned for 2026, users may earn Colt Points via the Points Program for supplying the protocol with liquidity. During the TGE, all points earned by users will be converted to Colt’s future governance token.

🌐 Where?

Colt is deployed natively on SagaEVM, Saga’s Ethereum-compatible execution layer that gives each application its own scalable chainlet, combining Solidity and EVM tooling with Saga’s app-chain architecture. By isolating dApps on dedicated chains, SagaEVM delivers lower fees, faster throughput, and seamless interoperability, making it a powerful foundation for DeFi, gaming, and high-performance Web3 applications.

Colt is available globally, except for users in Restricted Regions.

🤌 How?