A recap of Standard Protocol updates.
Project updates
$USM Historic borrowed: 210,007.98 USM
Launched chains: Metis
USM
- (Product updates ) Standard Protocol’s now adds $UST from Terra from Synapse bridge in MetisDAO.
- (Partnerships ) Switchere has been integrated for fiat on-off ramp for $STND and it plans to integrate $USM ramp with Ethereum launch.
- (Governance ) Standard Protocol launches its first governance governance call in April 29th. Governance call will be held every month for communicating with $STND holders. Participants will share upcoming Standard and partner’s progress, details of development, and improvement session from listening to Standard community.
- (Governance Call )
Karura, DIA, and Standard had a governance call for bringing $aUSD in Shiden network and bringing $USM in Acala ecosystem. Progresses confirmed are:
- $aUSD will be $USM’s collateral to be used for hedging against other volatile collaterals of the stablecoin.
2. $USM will be proposed to Acala’s stableswap to provide liquidity between other stablecoins in kusama ecosystem.
3. DIA will support Acala to add oracles in other parachains to integrate $aUSD with other defi app such as money market or other lending services starting with Standard.
- (Defi ) Standard tokenomics are now being renovated with SIP-2. $STND will now be used as fee to use finances in Standard ecosystem.
- (Defi ) switchere is now being integrated for $STND and $USM, solving low liquidity in dexes. Holders are now able to purchase $STND with their credit card and use Standard apps.
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 | Reddit
Standard Protocol Weekly Report #2 | May 2022 was originally published in Standard Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
