Saga Dollar (D)

The Saga Dollar (D) is a next-generation stablecoin protocol designed to facilitate fully-backed, yield-bearing digital assets within decentralized finance (DeFi). Each Saga Dollar is issued on a 1:1 basis with real, external assets such as USDC and similar yield-generating equivalents, ensuring a robust backing system. This stablecoin aims to unlock the potential of underutilized assets, channeling their revenue to bolster broader adoption of stablecoins in the Saga DeFi ecosystem.

Powered by SagaEVM and enhanced with a Liquidity Integration Layer, the Saga Dollar is optimized for yield velocity and includes protocol-level incentives. Users can participate in the protocol by depositing supported stablecoins to mint Saga Dollars, which can then be converted to yield-bearing reserves. This unique functionality allows the protocol to generate real-time yields on reserves, which are then redirected as subsidies to stimulate demand and usage for Saga Dollar across various DeFi applications.