Change Money
Change The World
The Ultimate Decentralised Stablecoin Protocol
A stablecoin for every fiat on earth
Crypto freelancers can finally invoice in their local currency, not only USD
Over-collateralised NOT algorithmic
A serious global economic tool should not sit on top of interest-bearing loans
Pay 0% interest
to borrow
To always keep the peg there is more value locked than stablecoins in the economy
Auto collateral swaps
reduce liquidations
Protect borrowers by swapping locked collateral into a less volatile asset like gold
Simply the world’s ultimate stablecoin protocol
Decentralised Hard Peg
Holding between a 100 basis point spread
Simply the world’s ultimate stablecoin protocol
The Standard brings the best ideas & innovations together from everything that has come before
A stablecoin for every fiat on earth
Crypto freelancers can finally invoice in their local currency, not only USD
0% interest, no stability fees!
A serious global economic tool should not sit on top of interest-bearing loans
Over collateralised & fully decentralised, NOT algorithmic
To always keep the peg there is more value locked than stablecoins in the economy
Reduce liquidations with auto collateral swaps
Protect borrowers by swapping locked collateral into a less volatile asset like gold
Decentralised Hard Peg
Holding between a 100 basis point spread
Simply the world’s ultimate stablecoin protocol
The Standard brings the best ideas & innovations together from everything that has come before
The Standard’s name comes from The Gold Standard. The perfect Gold Standard was fully backed by gold held by the state. The state would always convert 1 dollar for 1 gram of gold.
How do The Standard’s stablecoins stay stable?
The Standard Protocol enables anyone to lock up assets in a smart contract that only they control. They can then borrow stablecoins at at 0% interest.
The Peg is held with three mechanisms:
- A stability pool owned by the DAO will always offer to buy and sell the stablecoins with a max of 100 basis point spread. So sell for 1.01 and buy back at 99 cents, this creates an arbitrage opportunity for anyone noticing a slippage on any other exchange.
- For people that have taken out loans from their own collateral there is a huge opportunity to profit. If the price drops below 1:1 then it becomes cheaper to pay off your debt and unlock the collateral they have locked in smart vaults. This buying pressure demand from smart vault holders will lift the price back to a 1:1 peg If the price goes above then it incentives people to borrow more and this supply of new stablecoin will drop the price back to a 1:1 peg.
- While the protocol aims to always have a 0% interest/stability fee, there is a stability fee mechanism coded in in case of market "black swan" events. If there is a massive dislodge in the peg, then this fee can be initiated by the DAO on all smart vault loans that have minted the currency that is slipping strongly below its peg. This fee will encourage people to pay off their loans by buying back cheap stablecoins. Borrowers are rewarded with an effective discount on their debt while avoiding the emergency stability fee. This buying pressure will lift the peg back to a 1:1.
Because there is always more collateral in the system than stablecoins floating around, the peg can never drop too far without arbitrageurs profiting by fixing the peg.
The Standard DAO founders are old school crypto enthusiasts and developers who have seen faults in every other protocol. The Standard was born out of necessity to build the ultimate stable cryptocurrency. Fully backed by hard and soft assets, 0% stability fee issuance, cross-chain and easy to use.
The Standard will become THE STANDARD when it comes to decentralised stablecoins on every major chain.
The first stablecoins will be minted via an initial bonding curve offering (IBCO).
What is an IBCO?
To build up the DAO's protocol controlled value (PCV) and bring deep liquidity to the stability pool, early participants will be able to buy sEURO at a discount. The discount will decrease with every sEURO purchased until we reach a 1:1 price. This discount curve will start at 80 cents for one sEURO.
The second stage of the IBCO will be a bond, offering people a strong return.
The PCV (liquidity) will be used to peg the stablecoins but also earns a yield for TST (The Standard Utility Token) stakers.
Joshua Scigala, one of the Co-Founders of The Standard and Vaultoro publicly stated in 2019 that Terra luna was going to fail. In fact, he stated that every algorithmic stable coin was going to fail because a real stablecoin needs real value backing it.
Luna was built with a Ponzi scheme mechanic at its foundation. UST was backed by a governance token (LUNA) that could be minted to infinity - this is exactly what happened.
Ecosystem Partners
Founders of The Standard Protocol
Joshua Scigala
Ana Valdes
Laurin Bylica
Simon Morley
Philip Scigala
Advisors to The Standard Protocol
Patri Friedman
Patri comes from a long line of famous economists, he is the grandson of Milton Friedman and son of David D. Friedman. Patri is the founder of the Seasteading movement and advises many innovative governance focused organisations. Patri previously spent 10 years at Google as an engineer and 10 years as the GP of Zarco Investment Group. He has a BS in Math from Harvey Mudd College, an MS in CS from Stanford University, and an MBA from Cardean University.
Hartjey Sawhney
Hartej Sawhney is the godfather of smart contract auditing, pioneering the industry in 2015. He Co-Founded Zokyo, a venture studio that builds, secures and funds crypto, DeFi and NFT companies, and also co-founded Hosho, which was ranked #1 Smart Contract security Auditor in 2019 by Forbes.
Dr. Jane Thomason
Dr Jane Thomason is a thought leader in technological innovation, fintech and blockchain for social impact. She was named by Forbes as a leader in Blockchain for Social Impact and is a published author. She holds a large number of academic and commercial positions including a seat on the board of a major bank and co-founded the British Blockchain and Frontier Technology Association.
Faraj Abutalibov
Faraj is the founder of a Large crypto executives’ community with 430 C-Level executives from the crypto world. Mr Abutalibov is also a co-founder of the Crypto VC (Sharara) and crypto media (Gulf Crypto Insight).
What is sEURO?
sEURO is the first stablecoin to be released by The Standard Protocol followed by sUSD, sYEN, sGBP, sCHF, sCAD…
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