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Sable Finance is a decentralized stablecoin protocol built on BNB Chain.
IDO
26 Jul — 26 Jul 2023
Raised
$ 780.00K
Price:
$ 0.06
ROI:
0.24x -76.4%
Platform:
N/A
ATH ROI:
1.6x +59.7%
Sable Finance is decentralized stablecoin, USDS, which accepts LSD as collateral on the BNB chain and Arbitrum.
Sable allows users to mint USDS, a decentralized stablecoin fully collateralized by Ethereum LSD at a minimum collateral ratio of 110%. 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 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 Finance's current price is $ 0.0141, it has dropped -0.09% over the past 24 hours.
Sable Finance's All Time High (ATH) of $ 0.0958 was reached on 27 Jul 2023, and is currently -85.2% down.
The current circulating supply of Sable Finance is 16.01 Million tokens, and the maximum supply of Sable Finance is 100.00 Million.
Sable Finance’s 24 hour trading volume is $ 385.61.
Sable Finance's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 226.40 Thousands.
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