Abstract:
With the beta launch of Sable Finance and the upcoming listing of USDS pool (USDS/USDT) on Wombat Exchange (BNB Chain), Sable Finance would like to list the USDS (USDS/USDT) pool on Wombat’s voting gauge.
This new addition to Wombat’s voting gauge would benefit USDS and USDT liquidity providers and veWOM holders, who can earn a share of the daily WOM emission from the platform and bribes respectively.
Motivation:
Sable’s goal is to incentivize both committed USDS depositors and loyal veWOM voters, making them mutually beneficiary.
It has always been part of the development plan of Sable Finance to maximize accessibility of USDS and users capital efficiency. The extension of the USDS utility via listing the USDS liquidity pool (USDS/USDT) on Wombat Exchange was aiming for its simple and secure emission distribution mechanism and efficient design for swapping stable assets.
Subsequently, by enhancing the liquidity depth and a higher APR return for all users, this could boost up rewards earnings for USDS/USDT depositors in forms of both WOM and veWOM tokens.
Specification:
The proposal calls for the inclusion of the USDS/USDT Pool on Wombat’s voting gauge (BNB Chain)
Next Steps:
Once the temperature check has been successfully completed, Wombat will initiate a snapshot voting process, inviting the community to participate. If the voting process achieves its objectives, Sable Finance will then work with Wombat to proceed to deploy the USDS pool on the Wombat Exchange voting gauge.
References:
Sable Finance is the #1 reformative primitive for ETH LSD-backed stablecoin on Arbitrum and BNB Chain. Its decentralized stablecoin, USDS, is fully collateralized by Ethereum LSD at a minimum collateral ratio of 110%.
The beta launch of Sable focuses on building the portal where BNB collateral is utilized for minting USDS, a decentralized stablecoin; whilst Sable V2 will be engineered to mint for USDS fueled by Ethereum LSD as collateral on both BNB Chain & Arbitrum.
Sable Finance is launching its Beta dApp on 3 August 2023. For more details on how users can leverage BNB for USDS to achieve yield maximization, check out this article for more: https://medium.com/@sable_finance/sable-beta-launch-plan-63fa95d8683d
Do you agree to list the USDS/USDT Pool on Wombat’s Voting Gauge?
- Yes
- No
