In June 2023, Radix Publishing announced the Runs on Radix program to give dApps the ability to convey credibility, trust, and prestige to their current and future user base. Since the launch, there has been a highly enthusiastic response from the Radix builder community, with over 45 projects looking to join the program just over a month after it launched.
Over the coming weeks and months, Radix Publishing will speak to each participant and offer a Q&A overview for the Radix community. Here are some of the key things you need to know about Gable Finance: A decentralized liquidity protocol on Radix.
TL;DR
- Gable is a Radix validator node and liquidity marketplace that takes advantage of Radix’s advanced features, such as native liquid staking.
- Gable will allow users who supply liquidity to earn both XRD staking emissions and additional fee income on top, allowing you to earn passive income twice.
- Gable will allow users to borrow liquidity via flash loans, paying a fee that is allocated 50/50 to liquidity suppliers and Gable.
What problems does Gable Finance solve?
Radix’s native liquid staking system provides users with Liquid Stake Unit (LSU) tokens after they stake, allowing users to both earn XRD staking emission rewards and do things in DeFi with their LSUs.
Gable Finance is one of the first Radix dApps to allow users to earn fees from their LSUs, so they can earn both XRD staking emissions plus additional income.
Gable Finance is also one of the first Radix dApps to offer Flash Loans, a core DeFi primitive, allowing users to borrow funds and pay them back in the same transaction, resulting in more efficient arbitrage and financial markets on Radix.
How can I use Gable Finance?
Gable Finance presents its users with two different roles: Suppliers and Borrowers.
Suppliers: If you want to earn XRD staking emissions and additional fees on top, you can stake your XRD to the Gable validator node (which charges 100% validator fees), which helps secure the network. The Radix network will then issue you LSUs as normal, which you can then deposit in the Gable dApp and, in return, receive an NFT marking your position.
The Gable dApp consolidates all staking emissions from the supplied LSUs and offers liquidity from these LSUs to those who wish to borrow.
Borrowers: If you want to execute a Flash Loan, e.g., to arbitrage between two Radix DEXes, you can borrow from Gable and pay it back in the same transaction. You’ll pay a fee for doing so that gets split 50/50 between those who supply liquidity and the Gable Liquidity Protocol Protocol itself.
Suppliers: If you want to exit your position, you can return your NFT and receive back the LSUs, staking rewards (from the 100% validator fee), and fees from the lending activities that you’re entitled to. To receive the XRD you’re entitled to, it’s the standard Radix validator node process, where you return your LSUs back to the Gable validator node component and then receive back your original XRD after the standard network delay (for security reasons).
This allows those who supply liquidity to receive both fee income from those who borrow and receive XRD staking emissions rewards.
If you’d like to learn more about the process, check out the Gable Finance website.
Who is the Founder?
Joost - Founder
Meet Joost, the visionary founder of Gable Liquidity Protocol. With a strong belief in the necessity and inevitability of transitioning from traditional to decentralized finance, Joost is passionate about bringing transparency, security, and efficiency to the financial world.
As a long-term follower, Joost recognized the immense potential of Radix in facilitating this financial revolution. Instead of remaining a bystander, he decided to take action and contribute to the cause by creating Gable Finance.
“Getting familiar with Scrypto was a piece of cake, honestly.” - Joost
Joost's impressive background in quantitative finance and extensive experience in software development and credit risk model implementation gave him the perfect skill set to build the Gable Finance.
Combined with his personal interest in cryptocurrencies and decentralized finance, Joost's dedication has driven him to develop a platform that empowers users to access and supply funding while promoting the benefits of decentralized ledger technology.
Through Gable Finance, Joost aims to revolutionize the financial landscape, empowering individuals to experience the advantages of DeFi firsthand. With his forward-thinking approach and expertise, Joost is leading Gable Finance on its path to transforming the world of finance as we know it.
Check out the full video interview with Joost, Founder of Gable Finance:
Gable Finance will be available in October 2023, after the launch of the Babylon network upgrade on September 27th, 2023. For more information on the project, head to the website, follow the project’s official Twitter account, or join the Gable Finance Telegram channel.
All information about Gable.Finance was provided by the Gable.Finance team and has not been verified by Radix Publishing, RDX Works or their associated companies.