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Great questions.
Initially, we are only on ETH but we are working on a polygon staking option too. We are also partnering with a bunch of different yield farming dapps on Polygon so that will come.
Yeah reward will be in sEURO to start with but eventually, we will have other options. especially when we start rolling out other sFIAT's like sUSD, sINR, sAUD, sGBP and so on.
Regarding people dumping rewards, yeah that could happen but it would happen after the staking period ends and we will roll them out in staggered tranches of new staking pools.
There are also soooo many use cases and yield farming ops coming for TST so the smart hodlers should understand that.
Dumping the reward would be useless as well as there's no liquidity for your token and so the point is with so much money you have been collected before and was there a plan to add at least some thousands usd as liquidity? Any plan to be listed in the centralized exchange site? That will be far important. You can develop so many good features but without any users and that must be useless. There must be unique investors that must come to increase the value for TST. Yes we are in talks with two larger exchanges but must want to see trading volume on DEX's first. The rest are all scams. Also After FTX, I'm really not keen on centralized exchanges. |
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Great questions.
Initially, we are only on ETH but we are working on a polygon staking option too. We are also partnering with a bunch of different yield farming dapps on Polygon so that will come.
Yeah reward will be in sEURO to start with but eventually, we will have other options. especially when we start rolling out other sFIAT's like sUSD, sINR, sAUD, sGBP and so on.
Regarding people dumping rewards, yeah that could happen but it would happen after the staking period ends and we will roll them out in staggered tranches of new staking pools.
There are also soooo many use cases and yield farming ops coming for TST so the smart hodlers should understand that.
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Stage one, get an instant 20% return by buying sEURO at a discount. Remember, the earlier you get in the more the discount. This helps the protocol collect deep liquidity to peg the currency and reward the user.  Stage two: During the IBCO, third parties will unlikely give you 1 euro worth of assets for your sEURO because they can get it for a discount on the IBCO. So sEURO is not considered a stablecoin until the IBCO is over and the discount is 0. But guess what, we consider it 1 euro already in stage two. We will buy the liquidity you place into UNISWAP V3 for the full euro price! On stage two just place your sEURO and your equivalent USDC in and choose a bonding period to get a fat yield. (  The yield% in this image are still tested net numbers The final numbers are here.  Now that you have a bunch of sweet sweet TST, stake them for a 20% API. first in best dressed!  |
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Glad to see the OP cleaned up and things continuing to progress. Looking forward to the IBCO and eventual Smart Vault launch!
I agree with you,I am glad that the project continues to develop against the background of a negative mood in the market.The token has shown good dynamics lately,which is impressive.I also wonder what will happen to the NFT rings for quite a long time there is no news on them. The rings were meant as proof of attendance rings but there will also be some nice functionality for them when the smart vaults are released after the IBCO |
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Glad to see the OP cleaned up and things continuing to progress. Looking forward to the IBCO and eventual Smart Vault launch!
Thanks, yeah, we are looking forward to it too. |
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Joshua had a great interview with SaSHA-256 @sashahodler on twitter. They go deep into what CBDC's are and how they are set to absolutely control every part of your life. This is what drives us to create the ultimate decentralized stablecoin solution. TheStandard.io https://www.youtube.com/watch?v=eFgBZVWHRnw |
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We accept real world assets like gold and silver as collateral for loans.
There are no other platforms that do this. You can open a vault permissionlessly, set your own loan rates and manage your own finances. You will find you do not need a bank any more.
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Laurin Bylica comments on the GBTC unlockLaurin Bylica, Co-Founder of a decentralized crypto finance project The Standard, shared his opinion about the upcoming Grayscale Bitcoin Trust unlock. In total, 40,000 BTC will be unlocked. According to Laurin Bylica, even though the unlocking of shares should not move the spot price of bitcoin, “misleading and complex information lets investors worry and, therefore, can create short-term bearish anxiety.” 🔎 Read the article in full to learn more: https://blockworks.co/big-week-ahead-for-grayscale-with-scheduled-gbtc-unlock-new-sec-reporting-status/
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DeFi Digest: Main Stories This Week
04.07.2021 - 11.07.2021
We continue our weekly tradition of publishing main stories in the DeFi market! DeFi is showing a bit of renewed strength lately, with the total value locked (TVL) in the ecosystem having risen from $52.94B to $55.73B since last week. That makes this the second week of steady growth in a row now for DeFi after its TVL slump to ~$49B toward the end of June!
And it is monday today, so we want to share last DeFi stories with you:
🔘 Introducing SMART Exposure
Risk tokenization protocol BarnBridge unveils SMART Exposure, a dapp for automatically managing ERC20-to-ERC20 positions.
🔘 Introducing Notional V2
Fixed-rate lending and borrowing protocol Notion presents the protocol’s V2 system, which among other things introduces longer-dated maturities.
🔘 Balancer Launches Stable Pools
The Balancer AMM project rolls out new stable pools for “assets that trade at a similar price,” starting with the staBAL3-BTC (WBTC/renBTC/sBTC) and staBAL3-USD (DAI/USDC/USDT) pools.
🔘 Propose Block for London Mainnet Activation
Ethereum Core developers propose block 12,965,000, or ~Aug. 4th, to serve as the launch point for Ethereum’s London upgrade. This upgrade will activate EIP-1559, which will improve the UX of Ethereum’s fee market.
🔘 Announcing liquidation notifications by EPNS for Alpha Homora users
The Ethereum Push Notification Service (EPNS) now supports liquidation-risk notifications for Alpha Homora V2 protocol users.
🔘 Optimism Gas Update & WETH Distribution
Synthetix notifies its Optimism users that fees will no longer be subsidized on the L2 as of this week and that 30 WETH will be distributed to help eligible users bootstrap mint, burn, and claim transactions.
The DeFi market continues growing and we will continue watching it for you!
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Meet the team: Laurin Bylica, Co-Founder
We continue introducing The Standard Protocol team and advisors! Today we would like you to meet Laurin Bylica, our Co-Founder.
Entrepreneur, fintech visionary, management consultant, and senior associate for a corporate VC & family office in Hong Kong. Laurin has an outstanding track record of driving tech projects from start to finish, including the world’s largest crypto sale which raised over $4.2 billion.
We infinitely value his experience and knowledge, and we believe that his vision will help us make The Standard Protocol truly popular!
If you have questions for Laurin, please feel free to ask, he will be more than happy to answer them for you!
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About The Standard Protocol in 90 seconds!Want to learn more about The Standard Protocol but don’t want to spend your time keeping track of our project’s news feed? No problem! Watch this short video on our YouTube channel https://www.youtube.com/watch?v=zFMvKDvEZgI
Don’t forget to subscribe to our channel!
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What makes our project’s tokens stand out?
Let’s talk about The Standard Protocol token! In this post we will touch upon two coins: Standard Euro (S-EURO) and The Standard Token (TST).
The protocol will start with the Standard Euro (S-EURO) – more currencies will be introduced later including the US Dollar, GB Pound and Indian Rupee. Standard Euro is an algorithmic stablecoin that is backed by physical and digital assets and is soft pegged to the Euro. It is generated by locking up tokenized hard and digital assets in a Smart Vault with a smart contract.
However, The Standard Protocol is a DeFi project where every participant has the right to steer the project’s development. This is done through The Standard Token (TST). It is a governance and utility token. TST is designed to keep the Protocol efficient, decentralized and transparent. The community of Standard Token holders who participate in the Protocol’s voting mechanism is named the Standard DAO.
Unlike the Standard Euro, the Standard Token’s value is not stable or pegged to the Euro.
Standard Tokens can be acquired during the token sale or on secondary exchanges.
If you want to learn more about S-EURO and TST — visit our website!
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The Standard Co-founder Speaks To DigitaljournalThe issue of security in cryptocurrencies is an issue that is relevant to absolutely everyone. It is believed that the cryptocurrency space is a hotbed for criminal groups since the transactions undertaken provide greater anonymity for both senders and recipients. However, Joshua Scigala, co-founder of TheStandard.io begs to differ: “Right now, the vast majority of money laundering is done in fiat currency, because it’s anonymous”. We are excited to share an article citing Joshua’s comments https://www.digitaljournal.com/tech-science/british-police-seize-bitcoins-used-for-money-laundering/article
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Meet the team: Joshua Scigala, our Co-Founder
We are convinced that proper development of any project requires more than just a robust idea. You need a team of professionals who can bring this idea to life! Thankfully, The Standard Protocol is armed with both. Today we would like to begin introducing our team and advisors to you!
In today’s post we would like to introduce Joshua Scigala, our Co-Founder.
Joshua has experience with managing large technological teams successfully and has been a pioneer in the sharing economy since 2001. He is an award-winning entrepreneur who has co-founded several technology startups including Vaultoro, SwapStyle and many more. Joshua is one of the first advocates of distributed ledger technologies and has become a leader in the Bitcoin and cryptocurrency space.
If you have questions for Joshua, please feel free to ask, he will be more than happy to answer them to you!
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What market problems does The Standard Protocol solve?
The coronavirus crisis has revealed the issues of the modern financial market, the solution to which is long overdue! To give a life-saving boost to the economy, world powers are printing worthless money!
In 2020 alone, the US released its biggest stimulus to date – giving away USD 1.9 trillion of newly printed cash. In Europe, the Central Bank implemented a negative interest rate – forcing people to spend, not save. This way of stimulating an economy after a disaster often ends in total collapse through hyperinflation.
We end up in a stalemate: goods and services become more expensive, while money is losing value because of increasing supply…
Reinstatement of the gold standard could be a solution to these problems (fixing the value of currencies to a fixed amount of gold), but governments are not ready to make this call.
Crypto technologies allow solving the issue: such stablecoins as Tether and USDC are backed by federal reserve-issued currency in a bank account. They mint one token for every dollar they hold in the bank. The ‘peg’ is held by guaranteeing to always buy and sell one token for one US Dollar. The transparency of the blockchain enables anyone to audit how many stablecoins have been issued; however it’s still difficult to audit the bank holdings of the underlying asset.
Whilst this does create a sense of stability, the fiat-backed stablecoin solutions have multiple problems:
Bank accounts can be closed or frozen
The issuer could spend (or lose) the funds required to peg the token
The issuing company could be declared bankrupt
The user is effectively holding a currency that is being affected by inflation
The bank that holds the underlying fiat is speculating with the funds without transparency
The banks are only insured to a tiny fraction of the fiat being held
Stablecoin issuers have intransparent revenue structures
The issuing company could easily counterfeit stable coins to buy cryptocurrencies or other rare assets without US Dollar backing.
The Standard Protocol offers a new solution — implementing a global decentralized new-age Gold Standard that does not rely on one centralized authority. Our decentralized protocol enables rare asset holders to generate fiat-pegged stable coins by borrowing against their asset holdings.
The platform will unlock the trillions of Euros worth of precious metals and cryptocurrencies. Users don’t even need to sell their assets to spend them. Their investments increase and they remain protected against inflation!
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Did you make project audit?
We will announce our advisory board soon, including one of the most experienced smart contract auditors. |
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