Overview

#1 Reformative Primitive for Decentralized Stablecoin on BNB Chain and Base

Sable allows users to mint USDS, a decentralized stablecoin fully collateralized by Ethereum LSD at a minimum collateral ratio of 110%. Our protocol is the embodiment of capital efficiency where liquidity is optimally utilized amongst collateral, redemption, liquidation and staking pools.

The Beta launch of Sable (July 2023) focuses on building a portal where BNB collateral is utilized for minting USDS, the community-driven currency.

Sable V2 (Q4 2023) will engineer a product fusing LSD and stablecoin, USDS signifies our commitment to a gas-efficient, retail-friendly, and user-centric approach, ultimately fueling the Ethereum LSD liquidity flywheel on BNB Chain. As a multi-chain decentralized stablecoin on Arbitrum and BNB Chain, USDS will be complemented with SABLE emissions, decided through governance voting. With the use of yield-bearing LP assets for liquidation and shared protocol revenue, capital efficiency is maximized.

Sable’s unique blend of its liquidity flywheel creates a sustainable and adaptive ecosystem for all users.

Sable Finance is designed to maintain a value of 1 USDS = 1 USD with the following features:

• Over-collateralization — The value of locked LSD exceeds the value of issued USDS tokens

• 0 Interest — No interest fee is charged for USDS borrowers so users don't need to worry about constantly accruing debt

• Fully automated — The protocol is fully automated through algorithms, with protocol parameters preset at the time of contract deployment

• 100% decentralized — With a keyless mechanism, Sable's contracts are tamper-proof and resistant to censorship. Multiple interfaces hosted by decentralized Frontend Operators provide uninterrupted access to the protocol

• Immutable — Sable contract cannot be upgraded or changed

• Interest-bearing stablecoin* — USDS Holders can expect to earn a base APY by collateralizing LSD on our protocol.

*The feature will be available in V2 when LSD can be used as collateral.

What is USDS?

USDS is the LSD-centric, USD-pegged stablecoin for paying out loans on Sable Finance. At any time USDS can be redeemed against the underlying collateral at face value.

What is SABLE?

SABLE is the protocol token of Sable Finance. Users can stake USDS to capture the fee generated by the protocol. USDS is also the incentives token for early adopters and frontends.