Sprint Update #6

Published in

TheStandard.io DeFi protocol

2 min readSep 29, 2022

Dear Standarian ;),

Firstly, we would like to welcome Patri Friedman, the grandson of Milton Friedman and son of David D Friedman, to the advisory board of TheStandard. With his help, we will work towards being The Standard for currencies in start-up cities.

The Standard DAO has been kicking so many goals! We went into testing the first phase of The Standard Protocol.

We call this first phase Operation Deep Liquidity, which comprises an initial bonding curve offering. This is made of a three-stage yield farming opportunity where early adopters get well rewarded in return for helping the protocol build up a deep liquidity pool on UNISWAP. It goes like this.

1. Initial Bond Curve Offering — Incentivised minting of sEURO via a ‘public smart vault’ which will provide a pool of Protocol Controlled Value, a portion of which will be used to fund Liquidity Pools to help maintain the peg.

2. sEURO Liquidity Pool Bonding — Swap your sEURO, and a TBD paired asset for a 7-day, 1-month, 3-month, or 6-month bond. This bond will pay out a ROI% at the time of maturity in TST. TST will be priced at the time of maturity.

3. TST Staking — Stake (loan) your TST for a share of PCV Liquidity Pool income and future income from private Smart Vault fees.

If you would like to help us test, please join our discord.

Please find below our bi-weekly update:

🛠️ Engineering

Released the first version of the IBCO on Testnet;
Read the IBCO guide for more information about what we shared and what the timeline is;
IBCO dashboard is now open-source;
Remix docs;
Some contract tweaks: drainable contracts, streamlined the stage 2 claiming stuff, stage 2 catastrophe, uniform licenses across the contracts.

🤝 Ecosystem Expansion

Signed new partners e.g., basenode.io, Niftables, Dcentralab, Futurent, and Roya Edition;
Participate in the Regens Unite Berlin Event;
Participate in the BerChain Blockchain in Use Event in Berlin;
Onboarded Patri Friedman as an advisor;
Working on DAO Tooling to enable our community.