Decentralized, Zero-Interest Stablecoin Lending Protocol TheStandard.io Joins Chainlink BUILD

We’re excited to announce that TheStandard.io is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate the growth of our ecosystem and the long-term adoption of decentralized loans with zero interest supported by enhanced access to Chainlink’s industry-leading oracle services, additional technical support, and better incentivized cryptoeconomic security. In exchange, we commit to providing network fees and other benefits to the Chainlink community and service providers, including stakers.

TheStandard.io has long been a believer in Chainlink and an active participant in the Chainlink ecosystem, with an existing integration of Chainlink Data Feeds. We’re confident that through enhanced support, increased access to secure industry-standard Chainlink services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of TheStandard.io and realize the adoption of overcollateralized stablecoin lending protocols with zero interest.

TheStandard.io: Building a Transparent, Decentralized, and Fair Stablecoin Borrowing Protocol

TheStandard.io’s mission is to empower users to borrow against their assets in a transparent, decentralized ecosystem with unparalleled collateral flexibility, zero interest, and infinite time.

Simply put, TheStandard.io is pushing forward DeFi innovation by making borrowing more accessible, safe, and cost-effective.

When borrowers use TheStandard.io, each loan is managed by a unique NFT that resides in the borrower’s wallet. These NFTs pull real-time data from the blockchain to display essential details like the assets used as collateral, their current value, and the outstanding debt. Borrowers can freely transfer or sell these NFTs, thereby transferring the control of the locked collateral and the associated debt to a new owner.

“TheStandard.io is a whole new way of selling debt on the blockchain. I’m fascinated to see how people will use this new decentralized financial primitive” — Joshua Scigala, Co-Founder of TheStandard.io.

Why We Joined Chainlink BUILD

TheStandard.io joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, TheStandard.io will receive key benefits, including access to and integration of secure, reliable, and decentralized market data feeds, as well as access to new Chainlink product alpha and beta releases, among other benefits.

In exchange for these services, TheStandard.io will make 4% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.

“We’re very excited to be joining Chainlink BUILD, which will help accelerate our ability to build secure functionality for our users. We look forward to welcoming the passionate Chainlink community to TheStandard.io.” ” — Joshua Scigala, Co-Founder of TheStandard.io

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $8.5 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About TheStandard.io

Drawing inspiration from The Gold Standard, TheStandard.io envisions the pinnacle of decentralized borrowing and stablecoin platforms. It empowers individuals to act as their own decentralized banks, locking up valuable assets to issue debt against them, all without accruing interest or trusting a central authority. This self-issued debt materializes as stablecoins, fully backed by the user’s collateral. Conceived by a coalition of bitcoin and ethereum pioneers, TheStandard.io’s mission is two-fold: to obsolete centralized lenders and legacy stablecoins, and to champion regulation by immutable mathematics over human-driven policies, offering a robust alternative to Central Bank Digital Currencies (CBDCs).

Get started and explore the future of DeFi today at TheStandard.io or direct on the app https://app.thestandard.io/.

Join our vibrant community on Discord and Telegram to connect with like-minded individuals, stay updated on the latest developments, and participate in discussions shaping the future of DeFi.

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TheStandard.io DeFi protocol
TheStandard.io DeFi protocol

A next-generation Defi lending platform that enables anyone to lock up hard and soft assets to generate a suite of fiat pegged stable coins.