--- title: "Gable Finance" url: "https://radix-wiki.miow.me/ecosystem/gable-finance" updated: 2026-10-03 description: "Gable Finance (previously: Sundae Finance) was a decentralized liquidity market protocol on Radix, dormant since April 2024. It was founded by Joost Delaere in…" --- # Gable Finance | Gable Finance | | | --- | --- | | **Type** | Decentralized liquidity market and flash-loan protocol on Radix (formerly Sundae Finance) | | **Status** | 🟠 Dormant since April 2024. [gable.finance](https://gable.finance) still answers, but its homepage has not been republished since 23 April 2024 and the dApp definition it publishes has been idle since 22 April 2024 | | **Founded** | 2023, Amsterdam (Netherlands) by Joost Delaere | | **Category** | DeFi, liquidity, flash loans, validator staking | | **Funding** | [Radix Babylon Booster Grant](https://www.radixdlt.com/blog/babylon-booster-grants-gable), announced 21 November 2023 | | **Links** | [X](https://x.com/Gable_Finance) · [GitHub](https://github.com/gable-finance) · [Telegram](https://t.me/gable_finance) | # Gable Finance **Gable Finance** (previously: Sundae Finance) was a decentralized liquidity market protocol on Radix, dormant since April 2024. It was founded by [Joost Delaere](https://www.linkedin.com/in/joostdelaere123/) in Amsterdam, Netherlands in 2023. The protocol offered flash loans, allowing users to borrow funds without collateral if the borrowed funds are returned within the same transaction. This feature serves a wide variety of purposes including trading, arbitrage, and others. See the [Gable Finance introduction video](https://youtu.be/NEtdvqDkWss?si=ayftgDxrJ99TjrbF). ## Etymology In a [Medium post](https://gablefinance.medium.com/gable-cddeaeed139c), Joost Delaere wrote that the name ‘Gable’ was inspired by the steeped gables that are characteristic of the architecture in Amsterdam, his native home. ## **History** Gable was conceived in early 2023 by Joost Delaere, a software developer with a background in quantitative finance and credit risk model implementation. Drawing from his personal interest in cryptocurrency and decentralized finance, Delaere aimed to build a platform where traders and investors could meet and bring liquidity to the forefront of decentralized finance. The first iteration shipped after the launch of [Radix Babylon](/contents/tech/releases/radix-mainnet-babylon) in 2023, offering a validator node, a liquidity pool, and flash loans. ## **Features** Gable allows users to participate as borrowers or suppliers. For suppliers, it involves staking $XRD at Gable's validator node, depositing Liquid Staking Units (LSU's) into the liquidity pool, earning interest, and finally, claiming resources. A unique Non-Fungible Token (NFT) serves as proof of the supply, allowing the protocol to keep track of the user's entitled amount of LSU and earnings. For borrowers, the protocol offers flash loans - a feature that enables users to access liquidity instantly at low interest rates, thus facilitating profitable trades and taking advantage of market inefficiencies. This has made it possible for anyone to participate in DeFi markets in a more accessible and cost-effective way. ## **Security** The protocol is non-custodial and operates under the governance of smart contracts, offering transparency, security, and trust among all participants. Only the rightful owner can claim their portion of the pool's liquidity. ## Status Gable has shown no sign of activity since April 2024, on three independent measures read on 27 August 2026. - **The website.** [gable.finance](https://gable.finance) is served and returns HTTP 200, but its homepage carries a `Last-Modified` date of **23 April 2024**, so the published site has not changed in over two years. - **The ledger.** The site declares its [dApp definition](/developers/frontend/04-dapp-definition-and-verification) at `/.well-known/radix.json`, and that account is registered on ledger under the name "Gable Finance" with the description "Gable is a decentralized liquidity market protocol". Its most recent committed transaction is dated **22 April 2024**. - **The code.** The [github.com/gable-finance](https://github.com/gable-finance) organisation holds two public repositories, neither archived. The last push to either was **13 December 2023**. A site that answers is not a protocol that runs. Nothing here says the protocol was withdrawn or that deposited funds moved, only that the team stopped publishing, stopped committing, and stopped transacting within a day of each other in April 2024. ## Plans of record When the Radix Foundation [announced Gable's Babylon Booster Grant on 21 November 2023](https://www.radixdlt.com/blog/babylon-booster-grants-gable), the team set out dated targets: stake volume at its validator reaching 30 million [XRD](/contents/tech/core-protocols/xrd-token) by the end of February 2024, flash-loan usage above 20 transactions a day by the first quarter, distribution of the GAB token widened to roughly 1,000 holders, an airdrop campaign, a new web app, and a Gable V2 adding a stablecoin and collateralised lending. None of that can be checked against a later Gable statement, because there is none. The record of the project ends five months after the post. ## External links - [gable.finance](https://gable.finance), the protocol's site - [Babylon Booster Grants: Gable](https://www.radixdlt.com/blog/babylon-booster-grants-gable), the Radix blog, 21 November 2023 - [github.com/gable-finance](https://github.com/gable-finance) - [Gable on Telegram](https://t.me/gable_finance) ## See also - [Radix ecosystem funding](/contents/history/radix-ecosystem-funding), the grant programme Gable was funded under - [Root Finance](/ecosystem/root-finance), Radix lending market - [Weft Finance](/ecosystem/weft-finance), Radix lending and borrowing - [Radix Engine](/contents/tech/core-protocols/radix-engine), the asset-oriented layer flash loans build on