Half-monthly report on Standard Protocol project progress (5.10-5.23)
星球君
2021-05-27 15:30
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The project is progressing in an orderly manner.

List of major events

List of major events

· Our CTO Kang was invited to participate in Polkadot Decoded2021 and share content related to stablecoins;

· STND/KRW has been listed on Coinone, the three major Korean exchanges;

technology development

technology development

· A Rococo connection is in progress. Build docker for subqueries.

· PoS testnet is being developed.

· Standard DApp is being developed.

team development

team development

· Recruit DevOps. If you would like to join the team, please contact us at Contact@standard.tech!

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· Plasm

· Bondly Finance

· HAPI

marketing activity

· Local Telegram communities in Africa and Portugal have been established

· A series of AMAs explaining what is "Standard Protocol"

· Nearly 300 community volunteer applications have been received!

Future plan

Future plan

· The early bird staking program is about to start!

Kang and March will attend the DeFi Application Conference on May 28th.

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Market snapshot (as of May 25)

· Total circulation: 5,150,000 STND (5.15% of total circulation)

· Market cap: $8.8 million

About Standard Protocol

About Standard Protocol

The Standard protocol is the first synthetic asset-based hybrid mortgage flexible supply stablecoin based on the Polkadot ecosystem. It is also the first and only project in South Korea to receive the Polkadot Web3 Foundation Grant. We implemented a hybrid mechanism for minting stablecoins and included a new paradigm for liquidity. Compared with other algorithmic stablecoins, we indirectly adjust the relationship between supply and demand through mortgage rate adjustment, which is more secure in terms of capital adequacy. And Standard realizes leveraged trading and arbitrage through the built-in AMM, becoming a catalyst for financial activities of other parallel chains. Standard can also generate protocols that can be used in synthetic asset markets through decentralized oracles.

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