[ANN] The Standard, The Ultimate decentralized stablecoin & lending protocol

[TheStandard_io]

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 sEURO
Users 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 TST
The 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 VAULTS
After 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-Founders
Joshua 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


Roadmap

NOV28 > 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 Links
THESTANDARD.IO
DISCORD SERVER
TELEGRAM
TWITTER
BLOG POSTS & ANNOUNCMENTS
LINKEDIN



Coin Listings
TST on CoinMarketCap
sEURO on CoinMarketCap
TST on CoinGecko
sEURO on on CoinGecko


Please 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
Thaya
BahilaH

[1715666814]

1715666814

[TheStandard_io]

Financial It Covered TheStandard.io Project

We are excited to begin sharing information about our project with a link to an article about us in a respectable magazine!

Want to learn more about TheStandard.io and its founders? Understand why users should generate stablecoins and how to make money doing so? Read the article in Financial It: https://financialit.net/news/cryptocurrencies/thestandardio-launches-aim-creating-alternative-retail-banking

[alenmiran]

Did you make project audit?

[TheStandard_io]

Did you make project audit?

We will announce our advisory board soon, including one of the most experienced smart contract auditors.

[TheStandard_io]

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!

[BTCITA187]

what's the token address?

[TheStandard_io]

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!

[TheStandard_io]

The Standard Co-founder Speaks To Digitaljournal

The 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

[TheStandard_io]

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!

[TheStandard_io]

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!

[TheStandard_io]

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!

[TheStandard_io]

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!

[irfan_pak10]

The signature campaign is coming soon.

[TheStandard_io]

Laurin Bylica comments on the GBTC unlock

Laurin 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/

[leea-1334]

First of all,,, funny that people still call themselves founders of stuff and then they also call those projects decentralized. But I guess just so they call themselves part of Defi.

Misleading and complex information does not worry investors,,, panic sentiment without basis is that does. Everyone is in anxiety mode, bull or bear market:)

[Bitstar_coin]

First of all,,, funny that people still call themselves founders of stuff and then they also call those projects decentralized. But I guess just so they call themselves part of Defi.

Misleading and complex information does not worry investors,,, panic sentiment without basis is that does. Everyone is in anxiety mode, bull or bear market:)

It seems as if you see just coming across this for the first time, even eth one of the most trusted coin in the market has a founder, that does not prevent investors nor slow down development,  aside from btc, which project in this day and age will you be willing to invest without knowing the team behind it? I bet you won't drop a penny on such project because your first thought will be not trusted since the team are unknown, it is what it is, investors want to know who is behind the project they put their money and I think it makes more sense.

[irfan_pak10]

[Twinkledoe]

Maybe with the ongoing campaign, this thread will gain interest from the community. And not only the standard protocol rep will be the only one posting on this thread.

Being another DeFi ecosystem, what particular new feature or service are you going to provide to the DeFi community? Because with the DeFi market, it is now quite hard to choose among them.

[TheStandard_io]

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.

[necromastery]

Maybe with the ongoing campaign, this thread will gain interest from the community. And not only the standard protocol rep will be the only one posting on this thread.

Well, it's good so far the he do, he's not hire dummy account to make his thread looks active, appreciate it. He just keep post an update to this thread.
Then I think people need to know that the promised campaign is really exist. The most waited campaign https://bitcointalk.org/index.php?topic=5351296.0