Sprint Updates #1 to #3

Roadmap Update #3

Dear Standarian ;),

So are bear markets healthy in the long term?

We believe so, it’s easy to become frustrated and rethink your investment strategy — especially if you haven’t done your research, invested in bad projects, or if you failed to plan for hostile market conditions adequately.

During bear markets, crypto projects across the board drop in price, but the fundamentally poor projects tend to crash in price most dramatically, while projects with solid fundamentals are often buoyant in comparison. The cream of the crop always rises to the top, even if it is sometimes a slower rise.

Bear markets are the survival of the fittest events, where the strongest projects survive while continuing to grow and mature by building out their infrastructure and making new strides forward in innovation, and that’s what we are doing here at The Standard. In contrast, the poor and wasteful projects tend to deteriorate and eventually die off. All of this is healthy for the crypto market as a whole.

Please find below our bi-weekly update:

💻 Technology Development

• TST rewards to users in Stage 2 completed;
• Completed the first version of the TST staking contract (stage 3 IBCO). This now means we have all three stages ready to deploy and test;
• Development of the stage 2 bonding event, to provide more sensible liquidity requirements for the customer and improve the strength of our liquidity positions;
• Amendments to stage 1 contracts following feedback from Testnet deployments and testing.

🤝 Ecosystem Expansion

📈 Growth

• Signed 10+ Proposals with ecosystem partners in DeFi, GamiFi, and more;
• Exploring strategic partnerships for The Standard Protocol with liquidity aggregators and DAO treasuries;
• Exploring and contacting non-crypto businesses to start the next phase of the go-to-market strategy.

📊 Scale

• Hosting regular Twitter spaces with new advisory board members and ecosystem partners;
• Starting regular announcements with partners, advisors, and associations via different marketing channels.

🙏 Help Required

Hires

• George Papp, ex-Investment Banker, now blockchain content creator/consultant and founder of The Conscious Renegade podcast joins The Standard as an article and content writer as well as contributing to the wider Marketing efforts of the protocol.

Roadmap Update #2

Dear Standarian ;),

Crypto winters can be brutal, especially for crypto tourists who explore the space for the first time. However, being in crypto for a long time has taught us that crypto winters are less brutal when used correctly. Our crypto winter mantra is: Build, build, build. Every week we are getting closer to launching the most resistant decentralized stablecoin protocol in the world. Please find below our bi-weekly update:

💻 Technology Development

• Deployment and implementation of IBCO Stage 1 & 2 successful on Testnet;
• Implemented price buckets to manage bonding curve prices;
• Deployment scripts added to the local net;
• Implemented ABI upload pipeline to streamline front-end development;
• Started development of front end for IBCO;
• Deployed API services for IBCO.

🤝 Ecosystem Expansion

• To date, we have grown our partnerships to 20+ crypto businesses that joined our ecosystem;
• We are still working on dedicated use-cases with some partners e.g. Creating a new DeFi product with EthicHub focused on a positive social impact facilitated through stablecoins;
• We are working with our partners on enabling staking and earning options for sEURO.

🙏 Help Required

We’re building and expanding — here is how you can help.

• We are always seeking connections to other DeFi, NFT, crypto, and mainstream businesses. So please make sure to get in touch with our partnership manager Thaya via email: Thaya.t@thestandard.io
• We are currently hiring a Senior Marketing Manager to streamline our marketing operations. If you are interested to find out more, please send us an email at jobs@thestandard.io
• Join our main communication channel on Discord# and become a member of The Standard DAO: https://discord.gg/SjeRu3Jq9m

Roadmap Update #1

Dear Standard contributor,

As we are heading closer to launching the first version of The Standard protocol we will start to keep you updated more often than quarterly.

Recent developments have caused chaos in the Stablecoin markets and industry at large. While many have been surprised it is something The Standard team has been predicting and bringing awareness to this risk for quite a while.

Check out our protocol lead Joshua Scigala’s opinion on the LUNA debacle.

While algorithmic-based stablecoins have been failing, we have been building the ultimate decentralized over collateralized stablecoin. Our vision is to enable a decentralized asset-backed banking system. Here is our latest update

🌨️ Lows

The Stablecoin Market and Regulation:

• The collapse of UST has understandably raised market concerns about the viability of stablecoins. This, however, represents clear validation of our approach of a decentralized asset-backed system powered by rare and real-world assets (RWA) such as Bitcoin and Tokenized physical and fully insured gold.

☀️ Highlights

🤝 Ecosystem Expansion

Expansion of our Advisory board:

• We are proud to announce and welcome Florian Grummes of Midas Touch Consulting, to the advisory board. Florian is one of the most respected Precious Metals analysts in Europe and a regular contributor to Kitco. Florian joined The Standard advisory board to help us in many ways, including helping intro The Standard DAO to some of the largest gold retailers in the world as well as help spread the word about The Standard Protocol to his large network;
• We have added an additional 8 world-class key advisors across ecosystem development, community building, and smart contract auditing. We will be announcing them in due time ;)

Continuing to increase LOIs:

• Successfully signed multiple LOIs with the partners such as BitHotel, EthicHub, and Forward Protocol and have an additional 10+ new partnerships in the pipeline.

💻 Technology Development

• Initiated Uniswap V3 integration for bonding;
• Research and testing polygon network feasibility and bad faith scenarios with immature Uniswap liquidity pools.