August - Monthly Review

In early August, Standard Protocol received funding from the Polygon DeFi for All fund. Now that the STND contract has been deployed on Polygon, we will implement the portability of STND. At the same time, STND has launched Sushiswap and Quickswap. The progress in August can be summarized in three aspects:

• Technology development: 1) MTR development has been basically completed and is expected to be launched in September, 2) successfully deployed on Polygon, 3) Rococo Testnet is nearing completion;

• text

September - heavy landing

Migrating $STND tokens to Polygon helps launch our stablecoin MTR. The release will include a pool where MTR can be borrowed against selected, reliable collateral, and a DEX that facilitates efficient liquidation of capital collateral. We are also working on establishing the necessary LP with staking rewards for MTR on the leading decentralized exchange on Polygon to support its stability on day 1.

September is the node when the core product lands, which will turn Standard Protocol into one of the over-collateralized stablecoin protocols in the market. We plan to achieve the following milestones:

• Launched the first version of the stable currency MTR

• Trial run several fund pools for MTR borrowing

• Launch a pilot DEX that supports the MTR stablecoin design (clearing) and enables interfaces to external exchange protocols at no additional cost

• Ready for STND LP swaps — Sushiswap, Quickswap, etc.

• Bidding on Polkadot Parachains

• Launch at least one global Tier 1 centralized exchange

• Launch of the online magazine "The State of Defi"

• More community events and AMAs

Q4 2021 - Extended Scenarios

It is not only the TVL in the capital pool that determines the success of a stablecoin, but also the actual circulation and application scenarios of using this dollar-pegged currency in different dimensions. Standard Protocol will launch our first CeDefi delegation product with our Korean bank partner, Ginkgo Bank. Pay attention to the Kusama and Polkadot parachain auctions. We will also cooperate with TrainDAO, a partner of the chain-agnostic bridging agreement, to help us expand MTR from Polygon to other chains, and realize the potential of MTR usage outside of Polygon.

Below are our goals for the fourth quarter.

• Ready to go multi-chain with support from our partner TrainDAO

• Cooperate with Ginkgo Bank to launch the first CeDefi commissioned product

• Participate in Kusama and Polkadot parachain auctions

• More community activities and cooperation

• more partners

• Increase the MTR capital pool TVL to $10 million by the end of the year

2022 — Accelerated Iterations

2021 is the first year of the establishment of the foundation, and the landing and trial of the first generation of products have been completed. 2022 will be a year focused on expanding the derived Standard Protocol to more fields and scenarios, including the creation of MTR native wallets, and integration with third-party wallets and other Cefi partners. We will also cooperate with our Defi partners to further enrich MTR's application scenario ecosystem. By the end of 2022, we will truly be a bridge between Defi and Cefi.

• Version 1.0 of MTR and its ecosystem

• Third-Party Wallet Integration

• MTR native wallet

• Expand CeFi Partners

• Expand the cross-chain and multi-practice application scenarios of MTR and STND

• Expand the use of MTR globally through national Cefi projects

• Expand community collaboration

• Open up new fields and new directions with Defi partners

image description

text

About Standard

Standard is the first Collateralized Recollateralized Stablecoin (CRS) protocol for synthetic assets that will operate within the Polkadot ecosystem. It has been funded by Polygon's #DefiForAll fund and is the first and only project in Korea to receive funding from the Polkadot Web3 Foundation.

For more information on Standard, please visit:

• Discord：https://discord.gg/wYudHv83hc

• Clubhouse：https://www.joinclubhouse.com/club/standard-defi

• Official website: https://standard.tech/

• White Paper: https://docsend.com/view/sp6antfgeqiziaqb