A recap of Standard Protocol updates.
Project updates
$USM TVL: $150,133.41
Launched chains: Metis
USM
- (Product Launch ) Standard Protocol’s first self-sovereign stablecoin $USM has launched in MetisDAO chain last week.
- (Partnerships ) Footprint Analytics initiated multichain dataset for analyzing $USM activities
- (Defi ) Karura, a defi-focused canary chain in polkadot and Standard Protocol are now initiating to form up stablecoin ecosystem in Shiden in May with XCM.
- (Defi ) $USM is now open for yield farming in Hermez stableswap with providing liquidity in following pool. (UST/USM, USDC/USM, USDT/USM)
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- (Governance ) As a self-censored stablecoin, USM now has DAO framework for choosing its collateral to generate USM with Self-censored Collateral Request(SCR). Community can now suggest collaterals and the item will be a part of agenda in Standard DAO governance call with $STND token.
⛓ Parachain
- Opportunity parachain is now focusing on $DOT and $KSM utilization in evm smart contracts. Related talks are now selected to be presented in Polkadot Decoded 2022.
- The testnet will test out converting ERC20 to native tokens so that it can be used as gas token for smart contract transactions.
Spotlights
- Standard Protocol launches its USM stablecoin for decentralization
- Standard Protocol Announces the Launch of Its First Self-Sovereign Stablecoin — USM
About Standard Protocol
Standard Protocol is the first Self-Sovereign Stablecoin protocol that embraces and visions the truly decentralized form of Web3.0. Empowered by its interoperable DAO ecosystem, Standard Protocol empowers its users with full control over its monetary system through a multichain DEX, a decentralized Oracle, and a non-reserve design for CDP using NFT. We’re also a recipient of the Polkadot Web3 Foundation Grant, Polygon #DefiForAll Fund and Shiden Network Builders Program Grant. Standard Protocol strives to innovate as the next-generation digital settlement currency and prides itself on its global movement in self-sovereign finance.
Please click the following links for further more information about the Standard Protocol:
Website | Twitter | Telegram Community| Medium | Discord | Clubhouse | Reddit
Standard Protocol Weekly Report #1 | April 2022 was originally published in Standard Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
