Over-collateralised stablecoins backed by Gold, Bitcoin and Ethereum
Instantly earn yield by participating in the initial minting event.
Learn More
Over-collateralised stablecoins backed by Gold, Bitcoin and Ethereum
Instantly earn yield by participating in the initial minting event.
Learn More
We are happy to announce the Standard Euro liquidity bonding is now live on Goerli Testnet. You have the opportunity to test the initial bonding system and give us feedback on Discord! The initial minting of Standard EURO (sEURO) is done by our users depositing collateral and getting sEURO at a discount!
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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 using multiple mechanisms including:
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.
sEURO is the first stablecoin to be released by The Standard Protocol followed by sUSD, sYEN, sGBP, sCHF, sCAD…