The Standard White Paper

A proposal for the ultimate decentralized over-collateralized lending protocol

The Standard Protocol is a next-generation DeFi lending protocol that unlocks trillions of Dollars worth of rare assets, such as gold, cryptocurrencies, and in-game item NFTs, secured in digital wallets worldwide. Users can borrow stable cryptocurrencies pegged to their local fiat currency by locking up assets as collateral. All collateral is securely stored in decentralized smart contracts, known as "Smart Vaults." The users maintain full control of their private keys throughout the process, ensuring no 3rd party can speculate on the user's collateral. This innovative approach allows users to access the value of their assets without selling them, enabling 0% interest borrowing without trusting a third party.

Initially, users can borrow "Standard Euro (EUROs)," a fiat Euro pegged stablecoin, with sUSD, sYen, and others to follow. The protocol supports multiple collateral types in a single vault, allowing locked assets to be traded in the smart vault while maintaining their locked collateral status. Furthermore, smart vaults and associated debt can be sold as NFTs, providing flexibility in debt management. Governance of the protocol lies with the community of Standard Token ("TST") holders, forming the Standard DAO a Decentralized Autonomous Organization.

Drawing inspiration from the historical Gold Standard, The Standard ushers in a new era of privatized and decentralized stable virtual currencies backed by valuable rare assets but locked up while offering unprecedented flexibility and security for the borrower.

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ― Buckminster Fuller

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