Comprehensive guide for Stand Cash

Simple guide to decentralized algorithmic stablecoin

To put it simply, Stand cash is a unique Defi protocol that allows you to farm two tokens. The first token, SAC, is a stablecoin that is pegged at 1USD, while the second token, SAS, is the governance token that accrues value as the protocol is adopted. The most unique attribute of Stand cash is that it is one of the first protocols to utilize the ground-breaking Reserve Asset Mechanism to stabilize its stablecoin.

This write-up provides a basic explanation of how the protocol works and how tokens are distributed.

The Reserve Asset Mechanism

Stand cash is a pioneer of this mechanism, which we are confident will revolutionize the approach to stablecoins; hence, we are proud to be first movers.

The Stand Cash protocol maintains three tokens mechanism which are Stand Cash, Stand Cash Share and Stand Cash Bond. The Stand Cash share and Stand Cash Bond works to maintain Stand Cash to $1 peg.

Scenario one- SAC above 1USD- When SAC is trading above 1 USD, the protocol uses around 3% of the rebase to purchase ETH (at most 10% of the rebase), which it keeps in the treasury.

Scenario two- SAC below 1USD- In this case, the protocol utilizes the treasury fund to support SAC, and drive it back to 1 USD.

Token Distribution

For Stand cash, token distribution is based on a model that is transparent and autonomous. There are zero tokens pre-allocated to the team and external investors; hence, there are no presales, private sales or public funding. Instead, it is designed to reward those that contribute to the protocol.

SAC is distributed to those that provide liquidity to the different pools.

Stand Cash distribution

At the genesis, Stand Cash will be supporting seven (7) assets for minting. The Stand Cash will focus on distributing SAC to those who deposit DAI, USDT, USDC, BAC, ESD FRAX and AETH to the token contract. There will be a total of 70,000 Stand Cash tokens that will be distributed to depositors, with 14,000 SAC tokens distributed per day. The token distribution to every pool will be equal, which will maintain the amount of stablecoin deposits limited to 20,000 and 80 AETH for its own pool per wallet for each pool.

Stand Cash Share Distribution

Stand Shares (SAS) is distributed to those that provide liquidity to the Stand Cash(SAC)-USDT Uniswap v2 pair, the users will be able to deposit LP tokens to the distribution contract and earn Stand Shares.
 The SAS pool 1 (SAC-USDT-LP) distribute 600,000 Stand Shares, starting with 5000 Stand Shares and decreases 80% after every 30 days.

The SAS pool 2 (SAC-USDT-LP) will distribute a total of 230,000 Stand Share over the course of 1 year.

Stand Cash is a completely transparent and community-run project. In line with this, there are no tokens pre-allocated to the team or investors. Ordinarily, this would create a sustenance problem, as team may lose motivation to grow the project and funds may not be available for other important things such as advertising.

To remedy this, separate funds will be established. These funds will only be generated as tokens are mined.

Project Treasury (4%)- This will be used for advertising, marketing, exchange listings, partnerships, grants, bounties and cooperate with ETH 2.0 project.

Team fund (5%)- At the moment, the core team is made up of 6 developers and 2 advisors, but we anticipate that the number will continue to increase as the project grows. The team fund will incentivize the current team as well as any future additions to continue giving their best for the progress of the project.
 
Steps to participate and earn Stand Cash and Stand Share Token

Participate and Earn Stand Cash Token

• Visit the Stand Cash webapp page.

Click here https://stand.cash. You will be able to have access to the website.

• You can Choose a Stablecoin of your choice. Available pools are DAI, USDC, USDT, BAC, ESD, AETH and FRAX

When you have opened the website, click on unlock wallet and then connect your metamask web extension wallet (guide on how to get a metamask web extension wallet). After unlocking your metamask wallet, you’ll be able to interact with Stand Cash protocol and start farming.

When the wallet is successfully connected, you can choose any Stablecoin of your choice and deposit and approve the deposit. The limit deposit for each account is 20,000 and 80 AETH for its own pool, per pool. Each of the pool will distribute 10,000 Stand Cash during 5 days to provide the system with instant liquidity. The successive addition distribution is illustrated below.

• Earn Stand Cash Share Token

Earn Stand Cash Share token distribution

As you have gotten to this level, you’re now almost a stand Cash Share holder. Please carefully read the instructions to understand this step clearly as it might be a little bit confusing. At this stage, what you need to do is to provide liquidity on uniswap and receive Stand Cash share reward.

Stand Cash Share Pool 1

If you’re interested in joining pool 1, you’ll need to click select at “Earn SAS by SAC-USDT-LP". In order to earn Stand Cash Share directly from the protocol users need to provide liquidity to SAC-USDT pair on Uniswap V2. The link which will direct you to the liquidity providing page can be found below.

When you are through with providing liquidity through Uniswap, you can go to the pool page and approve SAC-USDT-LP v2 to deposit LP tokens. Stand Shares (SAS) is distributed to those that provide liquidity to the Stand Cash(SAC)-USDT Uniswap v2 pair. The SAS pool 1 will distribute 600,000 Stand Shares, starting with 5,000 Stand Shares and decreases 80% after every 30 days. The distribution chart is below

Stand Cash Share Pool 2

If you’re interested in joining pool 2, you’ll need to click select at “Earn SAS by SAS-USDT-LP". In order to earn Stand Cash Share directly from the protocol users need to provide liquidity to SAS-USDT pair on Uniswap V2.
 
When you are through with providing liquidity through Uniswap, you can go to the pool page and approve SAS-USDT-LP v2 to deposit LP tokens. Stand Shares (SAS) is distributed to those that provide liquidity to the Stand Cash SAS-USDT Uniswap v2 pair. The SAS pool 2 will distribute a total of 230,000 Stand Share over the course of 1 year. The protocol distributes 630 Stand Shares per day. The distribution chart is below