Sable Finance is an innovative project that introduces the first decentralized stablecoin, USDS, which utilizes liquid staking derivatives (LSD) as collateral on the BNB Chain. With a focus on capital efficiency and yield maximization, Sable Finance is designed to eliminate the liquidity costs associated with protocol emissions, ensuring a frugal approach to capital utilization. What sets Sable Finance apart is its unique design, which is based on the Liquity codebase but includes significant enhancements. These improvements feature a shared stability pool for liquidations, a multi-collateral framework, and governance token staking enhancements. The Sablecoin (USDS) aims to provide a stable and resilient financial instrument that is free from interest rate fluctuations, censorship, and custodial risks. The project made its debut on the BNB Chain on March 21, laying the groundwork for its future developments. A testnet was launched on June 16, demonstrating the functionality and potential of the platform ahead of its full release. Looking forward, Sable Finance plans to launch a beta version that will allow users to mint USDS using BNB as collateral. This initial release will enable features such as collateral deposits, liquidations, and redemptions. The subsequent version, V2, will enhance the platform with upgraded designs, improved yield optimization, and a more user-friendly interface, and will also expand to Arbitrum, incorporating LSDfi as a multi-collateral option. The $SABLE token plays a crucial role in the ecosystem by capturing system-generated borrowing and redemption fees through staking. Token holders can provide liquidity to the SABLE/BNB pool on a decentralized exchange and stake LP tokens, thereby earning trading fees along with the aforementioned fees. With the launch of V2, governance features will be introduced, granting $SABLE holders voting rights on critical decisions such as collateral whitelisting and parameter adjustments.