The Standard Stablecoin Protocol
What is The Standard Protocol?
The Standard is the ultimate decentralised stablecoin protocol. Built by the team behind Vaultoro.com, one of the early bitcoin exchanges launched in 2015.
- over-collateralised by crypto and tokenised physical gold locked up by individuals in smart contracts
- 0% stability fee, just a minting fee of 1%, which mostly gets dropped onto TST stakers.
- Multi stablecoin output. Starting with sEURO (Standard EURO) and then releasing sUSD, sYEN, sINR, sAUD, sGBP and so on.
- Cross-chain minting
- Auto collateral swap into tokenised gold to stop liquidations
In 2021, the team behind Vaultoro started to see that way too much money was pouring into terrible stablecoin projects like TerraLUNA.
"We knew Terra would collapse and publicly talked about it at the 2019 LabitConf. Enough is enough; we are now stepping in to create a decentralised stablecoin protocol that is provably fully backed with real assets by all its users."
Joshua Scigala, Co-Founder of Vaultoro and TheStandard.io
The Standard DAO governs all this with its utility token TST (The Standard Token). This token has multiple benefits.
- Earn a yield that is generated by the DAO deploying the PCV
- Earn a healthy yield when people mint new stablecoin. They pay a one-off minting fee. This gets rewarded to TST stakers that participate in voting.
- Ability to access liquidated assets under spot by staking TST and standard stablecoins. Liquidated assets will be distributed between these stakes.
- TST holders can access advanced features like automatic collateral swaps to gold and alarms to protect them from liquidations.
-
DAO participants can vote on TST buybacks and burn using the surplus in the collateral.
Why sign up? How do I get a piece of the pie?
To launch the first stablecoin sEURO, the DAO will use an initial bonding curve offering with three stages.
- At launch, the DAO will sell sEURO at a 20% discount (80cents). As people take advantage of this and volume enters the smart contract, this discount will become smaller and smaller until we reach 95c to the euro.
- People now have sEURO, and if they choose to supply it to a liquidity pool, the protocol will swap this liquidity for a seven-day maturity bond. This bond will pay out a 20% yield on maturity.
- People can stake TST earned in stage two and make a share of the income collected by deploying the funds on DEX's
As you can imagine, this could be very lucrative for people getting in early. This is why we are using premint.xyz to build an allow list for people that want to take advantage of our launch discount, bonding and rewards system.
Why is The Standard launching with such rewards?
The IBCO is engineered to reward early adopters that share the same vision for a truly decentralised stablecoin standard.
What happens after the IBCO?
Once the Initial Bonding Curve Offering is complete, the DAO will launch the private smart vaults that enable people to lock up crypto assets and issue themselves sEURO. This will then complete our initial launch.
WHEN IS THE INITIAL BONDING EVENT?
Before launching, we are waiting for the crypto market sentiment to turn a little positive again. In the meantime, we will keep writing code to build more features into our smart contracts vaults, having community competitions, bounties, airdrops and more.
To find out more, please visit.
TheStandard.io
to read the white paper.
What is The Standard Protocol?
The Standard is the ultimate decentralised stablecoin protocol. Built by the team behind Vaultoro.com, one of the early bitcoin exchanges launched in 2015.
- over-collateralised by crypto and tokenised physical gold locked up by individuals in smart contracts
- 0% stability fee, just a minting fee of 1%, which mostly gets dropped onto TST stakers.
- Multi stablecoin output. Starting with sEURO (Standard EURO) and then releasing sUSD, sYEN, sINR, sAUD, sGBP and so on.
- Cross-chain minting
- Auto collateral swap into tokenised gold to stop liquidations
In 2021, the team behind Vaultoro started to see that way too much money was pouring into terrible stablecoin projects like TerraLUNA.
"We knew Terra would collapse and publicly talked about it at the 2019 LabitConf. Enough is enough; we are now stepping in to create a decentralised stablecoin protocol that is provably fully backed with real assets by all its users."
Joshua Scigala, Co-Founder of Vaultoro and TheStandard.io
The Standard DAO governs all this with its utility token TST (The Standard Token). This token has multiple benefits.
- Earn a yield that is generated by the DAO deploying the PCV
- Earn a healthy yield when people mint new stablecoin. They pay a one-off minting fee. This gets rewarded to TST stakers that participate in voting.
- Ability to access liquidated assets under spot by staking TST and standard stablecoins. Liquidated assets will be distributed between these stakes.
- TST holders can access advanced features like automatic collateral swaps to gold and alarms to protect them from liquidations.
-
DAO participants can vote on TST buybacks and burn using the surplus in the collateral.
Why sign up? How do I get a piece of the pie?
To launch the first stablecoin sEURO, the DAO will use an initial bonding curve offering with three stages.
- At launch, the DAO will sell sEURO at a 20% discount (80cents). As people take advantage of this and volume enters the smart contract, this discount will become smaller and smaller until we reach 95c to the euro.
- People now have sEURO, and if they choose to supply it to a liquidity pool, the protocol will swap this liquidity for a seven-day maturity bond. This bond will pay out a 20% yield on maturity.
- People can stake TST earned in stage two and make a share of the income collected by deploying the funds on DEX's
As you can imagine, this could be very lucrative for people getting in early. This is why we are using premint.xyz to build an allow list for people that want to take advantage of our launch discount, bonding and rewards system.
Why is The Standard launching with such rewards?
The IBCO is engineered to reward early adopters that share the same vision for a truly decentralised stablecoin standard.
What happens after the IBCO?
Once the Initial Bonding Curve Offering is complete, the DAO will launch the private smart vaults that enable people to lock up crypto assets and issue themselves sEURO. This will then complete our initial launch.
WHEN IS THE INITIAL BONDING EVENT?
Before launching, we are waiting for the crypto market sentiment to turn a little positive again. In the meantime, we will keep writing code to build more features into our smart contracts vaults, having community competitions, bounties, airdrops and more.
To find out more, please visit.
TheStandard.io
to read the white paper.
Have questions?
Here are some answers to commonly asked questions. Did we miss something? DM us on Twitter to ask anything else.