Sable V2

Sable is building a genuinely decentralized primitive to manifest a non-custodial stablecoin USDS on Base and BNB Chain with just one goal: To be the number one reformative stablecoin backed by Ether

Besides being an advanced version of Sable Beta, the V2 design will be upgraded to give higher yield optimization and cost efficiency with a more retail-friendly interface.

To cover the market need, Sable V2 will be launched on both Arbitrum and BNB Chain, providing a unique experience to users, using LSDfi as multi-collateral.

Locking for veSABLE

SABLE token holders will be able to lock their SABLE LP tokens for veSABLE, which will be the critical token used for gauge voting in deciding the emission of SABLE to different LSD collateral.

Implementing vote locking and a governance mechanism will grant the community control over the emission allocations, motivating more users to lock SABLE for future yield, minimizing SABLE circulation, and enhancing price stability.

SABLE LP & Stability Pool in V2

Staking on Sable would be different from other protocols. Instead of using single-sided protocol tokens, we opt for LP tokens to achieve capital efficiency. In addition to earning veSABLE for gauge voting, parallel LP-ing on DEX would also provide users with yield from trading fees on DEX.

Besides, our stability pool would also accept LP tokens with partnering DEX, enabling additional pathways to earn liquidation gains and SABLE LP trading fees.

This could increase the cost-effectiveness of SABLE emissions. As you can see from the figure above, all emissions via multiple pathways will eventually be put back into a single stability pool, which will buy back debts when the collateral ratio falls. However, emissions will be adjusted gradually based on usage, which will add value for early investors who support our sustainability in the SABLE ecosystem.