Standard Protocol

About Standard Protocol

{"time":1704989222000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets, which operates across a variety of different blockchain ecosystems.","It has a 3-tokens-system which ensures the product’s stability as well as interoperability.\r\nStandard Protocol has raised more than $2 million from crypto venture capitals."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"data":{"level":1,"text":"Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets."},"type":"header"},{"type":"paragraph","data":{"text":"It works through a three token system: You have the MTR token, the stablecoin, the LTR token, the LOP token, and the $STND token, which is the governance token."}},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"Many DeFi protocols lack usability when it comes to the real world due to the fact that they have volatility and instability."},"type":"header"},{"type":"paragraph","data":{"text":"Stablecoins could be a potential solution as a CeDeFi bridge. However, it is limited."}},{"data":{"level":6,"text":"Solution"},"type":"header"},{"data":{"level":1,"text":"Standard Protocol’s vision is to achieve four core values: stability, interoperability, CeDeFi, and opportunity."},"type":"header"},{"type":"paragraph","data":{"text":"It is secured by the over-collateralization and rebasable supply mechanism, with a multichain presence that allows for a diversity of collateral assets.\r\nIt has a connection to CeFi and DeFi entities through empowerment to regulated partners with blockchain capacity."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"Standard Protocol has a few sustainability revenue modes."},"type":"header"},{"type":"paragraph","data":{"text":"It has a stability fee of 3%, with an AMM fee of 0.20% and a GameFi Payment gateway of 0.20%.\r\nThere are also additional commissioned products with domestic partners."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"The direct competitors are stablecoin projects such as SDC and MakerDAO."},"type":"header"},{"type":"paragraph","data":{"text":"Standard Protocol is unique in a way through which it innovates by raising the barrier of entry and increasing its competitive advantages.\r\nThis is done through over-collateralized rebasable stablecoin (CRS) mechanisms and a dedicated oracle system."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"Standard Protocol has raised more than $2 million."},"type":"header"},{"type":"paragraph","data":{"text":"Some noteworthy venture capitalists and investors include CMS, DFG, A195, Rarestone, Genblock, LinkPad, Spark Digital, Moonwhale, PhonexVC, Signal Venture, Momentum 6, Blocksync, Lotus Capital, AU21, D64 Ventures, CryptoDreamFund, and Master Ventures."}},{"data":{"level":6,"text":"Team"},"type":"header"},{"data":{"items":["Hyungsuk Kang (Head of Technology)","Jaewon Shin (Head of Business, Korea)","Billy Lee (Head of Operations)","Tony Ling (Head of China)","Dixon Wong (Product Owner)","Beli Hong (Administrator, China)"],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"Standard Protocol has a total of three tokens within its system, Meter ($MTR), Liter ($LTR), and Standard ($STND)."},"type":"header"},{"type":"paragraph","data":{"text":"$MTR is the stablecoin that is generated posting as collateral.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/r64ptrqfi1s3j16icfq89o90lekv","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/r64ptrqfi1s3j16icfq89o90lekv"}}},{"type":"paragraph","data":{"text":"$LTR is a liquidity provider token that represents a share in the AMM module.\r\n"}},{"type":"paragraph","data":{"text":"$STND is the network and governance token for using Standard Protocol.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/92nahpxpc4a1u39kuggcuer459c4","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/92nahpxpc4a1u39kuggcuer459c4"}}}],"version":"2.27.2"}