What is The Standard Protocol?The standard aims to be the ultimate decentralized and over-collateralized stablecoin and lending protocol. A next-gen protocol built for the EVM and set to become the standard in stablecoin issuance and lending globally. First, stables will be launched on Ethereum. The protocol will then move over to the polygon network, but we also consider starknet. (Let us know what you guys think below)
Major key unique features.- Not just USD: A stablecoin for every major fiat on earth launching with sEURO (Standard EURO)
- Zero % fixed interest on minting/borrowing stablecoins
- No time limit to paying off debt.
- Trade-locked collateral.
- Sell your smart vault (CDP) as an NFT if you need liquidity but can't afford to pay off your debt.
- You control the keys. No one can speculate with your collateral
(NO central third-party like BlockFi or Celsius) - Auto collateral swap (stop loss) option to trade locked collateral to tokenized gold to reduce liquidations
- Fully transparent
- Stability pool to enable hard peg
- Massive yield farming opportunity for the launch of new stablecoins on 28th NOV (details below)
Research is going into:- Cross-chain minting rather than using bridges.
- Uniswap LP NFTs as collateral to continue earning yield with locked assets.
The Standard Token (TST) are membership tokens that enable users to earn a yield by participating / staking. The yield comes from the following income streams.
Users locking up collateral need to pay a minting and closing fee
A yearly Vault Fee
The protocol-controlled value that is collected when new stablecoins like sUSD, sINR, sGBP, and sAUD launch (Launches happen using an IBCO, the first one on the 28th on
https://TheStandard.io)
TST features - Yield rewards (details above)
- Vote on protocol upgrades and changes
- Buy liquidated assets under market value
- Discounts on minting and closing fees (get burned)
- Enable stop loss within smart vaults
- Enable trading locked collateral
- Enable selling debt as an NFT
- Elimination of the fixed yearly Smart Vault Fee
- More features to be announced
How & When Will The Launch Of The First Stablecoin Happen?The launch will happen using an initial bonding curve offering.
This happens in three stages that will be available at the same time.
STAGE 1: INITIAL DISCOUNT CURVE OFFERING FOR sEUROUsers can buy sEURO at a massive discount starting at 80 cents. As more liquidity comes into the pool, the discount will become less until we reach a 1:1 peg.
This starts on the 28th of November, 2022
The sEURO is only considered a stablecoin once the Stage 1 discount reaches 1:1. At that point, one sEURO will command one EURO of any other asset.
Stage 2: INITIAL BONDING CURVE (LIQUIDITY BOND)While users wait for the sEURO to reach parity with the EURO, they can already realize the full EURO value by buying a liquidity bond with the sEURO they just purchased.
Users commit the sEURO they received in stage 1 with an equal amount of USDC; they choose a maturity date.
7 days, 30 days 90days, 180days and 365 days.
The longer the maturity date, the higher the yield of the bond.
Details will be released shortly, so be sure to subscribe to this thread.
This bond is paid out in TST and enables the user to receive the membership tokens early at a great price.
This process rewarded users for helping the protocol over-collateralizing and providing deep liquidity to the stability pools.
Stage 3: STAKING TSTThe DAO will vote on deploying the protocol-controlled value collected in stages 1 and 2 for the safest and highest yield. The yields of this pooled fund will initially be rewarded to TST stakers and later also help the protocols treasury for R&D, marketing, and expansion.
RELEASING SMART VAULTSAfter the initial release of the sEURO using the initial bonding curve offering detailed above, the DAO will release SMART VAULTS.
Smart Vaults will enable anyone to initially lock up ETH and WBTC with more collateral types to come.
Users can then mint up to 85% of that value in new sEURO with sUSD / sINR / sRUB / sGBP / sAUD to be rolled out soon after.
The sEURO will be minted as a debt that users issue themselves.
The loans will be at a fixed 0% interest with no time limit to pay it off.
For users to unlock their collateral, they need to pay back their loan plus fees.
The smart vaults will have many NEXT-GEN features (see above)
TEAM:The team is from all over the world and fully doxed. Co-founded by the team behind Vaultoro.com, an old-school exchange built in 2014 and launched at the start of 2015.
Vaultoro was the - First, to open a bitcoin / allocated gold exchange
- First, radically transparent exchange inventing the glass books transparency protocol
- First exchange to implement and launch the lighting network
- Played a role in dislodging the bitcoin scaling debate.
Co-FoundersJoshua Scigala, has been in bitcoin since 2010 (Jaminunit on bitcoin talk)
Joshua was one of the first advocates of timechain / blockchain technologies and has become a leader in the Bitcoin and cryptocurrency space. Co-founder of Vaultoro.com and inventor of the glass books exchange transparency protocol.
Philip Scigala, an old-school bitcoiner, wrote the first version of Vaultoro and was the first person to implement the lighting network on an exchange. CEO of Vaultoro exchange since 2015 and never had a hack.
Ana Valdes, A Chief Operating Officer with a successful track record in the blockchain space for six years. Before this, she was the Head of E-commerce in a popular luxury fashion brand startup in Berlin, Front Row Society. Ana is a postgraduate of the London School of Economics and is holding a Master's degree in Foreign Business Affairs.
Simon Morley, An engineer by definition, started his technology career in Nokia's R&D department before moving into finance, where he cut his teeth at a prestigious asset management firm.
Since 2005, Simon has founded multiple successful startups covering everything from WiFi, analytics, big data & machine learning, retail & hospitality, and most recently, blockchain development at Vaultoro.
DAO:- Discord has over 9K members
- Telegram 7.6K members
- DeWork is available 52 members. Come and join us!
- Snapshot is used for voting.
Tokenomics https://thestandarddao.notion.site/TST-Distribution-e3794992a4c4487db6f4d01a067f480e
RoadmapNOV28 > Open the first IBCO to launch the sEURO
FEB 15 > Release the first version of smart vaults
APR 15 > Release sUSD and sINR through another IBCO
May > Cross Chain minting.
July > Roll out four more stablecoins (to be decided by the DAO)
Major LinksTHESTANDARD.IO
DISCORD SERVER
TELEGRAM
TWITTER
BLOG POSTS & ANNOUNCMENTS
LINKEDIN
Coin ListingsTST on CoinMarketCapsEURO on CoinMarketCapTST on CoinGeckosEURO on on CoinGeckoPlease Favourite the project on coin market cap!https://coinmarketcap.com/currencies/thestandard-io-/ico/To stop scammers, we will list Bitcoin Talk accounts that are part of the project. Jaminunit Joshua Scigala's account. Started 2011
GPG22 ThayaBahilaH