What is Sable Finance? Sable Finance is a Defi project that allows users to mint USDS (stable coin Decentralized fully collateralized by Ethereum (LSD)
To understand more about Sable Finance, people can read some of the articles below:
- Weekly Panorama #14: Will LSDfi explode in the near future?
- Overview of the LSDfi Wave Ahead
- Episode 3: What is Lending & Borrowing? The Essential Puzzle Piece in DeFi
What is Sable Finance?
Overview of Sable Finance
Sable Finance is a stablecoin protocol that allows users to mint USDS, a decentralized stablecoin fully collateralized by Ethereum LSD. Sable’s protocol is capital efficient where liquidity is optimally utilized across collateral, redemption, liquidation and staking pools.
Sable Finance’s goal is to build the first flexible decentralized Stablecoin solution in the market connecting on the BNB chain, Arbitrum and Sablecoin (USDS) launches as a leading stablecoin with no interest, censorship, and surveillance.
Sable Finance’s operating mechanism
Sable Finance includes the following products:
- USDS Borrowing (Stablecoin Borrowing): NUsers can use their assets BNB and ETH LSD (LST) as collateral to borrow USDS with a high loan-to-value ratio at 0% interest.
- Stability Providers ( Stable supplier ): Users can stake USDS into the Liquidation Pool to earn additional profits from collateral upon liquidation.
- SABLE Stakers (Sable Staking): Users who stake SABLE will be eligible to receive 100% of the revenue from the paid protocol Payment in USDS, ETH LSD and BNB.
- USDS Redeemer (Exchange USDS): Sable Finance users can exchange USDS for collateral at face value to maintain a floor price of USDS at $1 through direct arbitrage, typically when the USDS price is below $1. This helps stabilize USDS value and maintain its pegged exchange rate with the US dollar.
The Sable Finance difference
Sable Finance’s differences include the following factors:
- 0 Interest rate: There are no interest charges for USDS borrowers, so users don’t need to worry about continuously accumulating debt.
- Fully automatic: The protocol is fully automated through algorithms, with protocol parameters pre-set at contract deployment time.
- Stablecoins have interest rates: USDS holders can expect to earn base APY by staking LSD on the protocol
Sable Finance development roadmap
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Investors
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Core Team
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Tokenomics
Information about Sable Finance tokens
- Token Name: Sable Token
- Ticker: Sable
- Blockchain: Binance Smart Chain
- Token Standard: BEP-20
- Contract: 0x1eE098cBaF1f846d5Df1993f7e2d10AFb35A878d
- Total Supply: 100,000,000
Tempus Token Allocation
- Community Incentives: 51,000,000
- Treasury: 21,500,000
- PancakeSwap cIFO sale: 13,000,000
- Strategic Sale: 5,000,000
- Team and Advisors: 5,000,000
- Ecosystem Grant: 2,000,000
- Initial Liquidity: 2,000,000
- PancakeSwap Syrup Pool: 500,000
Token Release
- Community Incentives: 0% initial unlock and linear vesting for the next 48 months
- Treasury: 0% initial unlock and linear vesting for the next 48 months
- PancakeSwap cIFO sale: M20% first lock and vesting rights for the next 3 months
- Strategic Sales: 0% initial unlock, 3 month cliff and subsequent 21 month linear vesting
- Team and Advisors: 0% initial unlock, 6 month cliff and subsequent 42 month linear vesting
- Ecosystem Grant: 0% initial unlock and subsequent 12 months linear vesting
- Initial Liquidity: 100% unlocked at TGE (tokens will be pledged to the PancakeSwap team for a minimum of 6 months)
- PancakeSwap Syrup Pool: 0% initial unlock, 3-month linear vesting per block
Token Use Case
Users can deposit SABLE tokens into the protocol and earn borrowing and redemption fees in USDS and LSD. There is no lock-in period, users can withdraw staked SABLE at any time.
Exchanges
Currently Team Sable Finance is planning to issue tokens
Project Information Channel
- Twitter: https://twitter.com/SableFinance
- Telegram: https://t.me/SableFinance
- Discord: https://discord.com/invite/FKU6uFW7Ys
- Github:https://github.com/Sable-Finance/sable_audit/blob/main/reports/Mainnet_SlowMist%20Audit%20Report%20-%20Sable%20Finance.pdf
Summary
Sable Finance is a Defi protocol with a flexible decentralized stablecoin minting mechanism in the market that increases stability and resilience. Users can experience the overcollateralization and 0 interest rate feature that Sable Finance offers.
Through this article, you probably have some basic information about the Sable Finance project to make your own investment decisions, and leave comments and suggestions for yourself in the next articles. Please!