Governance token (TST)
TST (The Standard Token)
TST is the governance and utility token of TheStandard ecosystem, playing a crucial role in the protocol's operations and governance.
Key Details:
Total Supply: 1,000,000,000 TST
Contract Address: 0xa0b93b9e90ab887e53f9fb8728c009746e989b53
Utility:
Governance: TST holders can participate in protocol decision-making through voting.
Rewards: Staked TST holders receive rewards for work they do by staking. Rewards come from:
Yield Fee: When a user removes collateral from the yield pools they pay a 1% fee (1% of all collateral) is paid to the protocol and this is dropped onto TST stakers.
Debt minting fees: When a user issues themselves debt, they pay a fee that is taken in the stablecoin they are borrowing. THis also get distributed to TST stakers.
Collateral trading fees (1% fee when users trade collateral within the protocol) gets dropped onto people staking stablecoins in the pool.
Future Liquidation Rights: Plans are in place for TST holders to participate in vault liquidations, potentially profiting by acquiring liquidated assets at around 10% below market value.
Distribution:
Please see the latest TST distribution data here.
Rewards Distribution to TST Stakers
TST stakers are eligible for various reward types:
Minting Fees: Earned when users mint new USDs
Collateral Trading Fees: 1% fee from collateral trades within the protocol
Yield Share: A portion of yields generated across the network
(Future) Liquidation Fees: Potential profits from participating in vault liquidations
Distribution Mechanism:
Rewards are calculated and distributed based on the proportion of TST staked by each user relative to the total staked TST.
The distribution occurs in real-time, with rewards accumulating as fees are generated within the protocol.
Formula: Individual Reward = (User's Staked TST / Total Staked TST) * Total Rewards Generated
Claiming and Reinvesting:
Users can claim rewards through the staking dashboard.
Options for reinvestment include auto-compounding or manual restaking.
Where to Buy TST
On the homepage at https://TheStandard.io you can find a menu up the top nav and in the footer that
TST can be acquired through various means:
Decentralized Exchanges (DEXs):
Uniswap (Arbitrum)
Direct Participation:
Keep an eye on our official channels for announcements about future seed rounds or token sales.
Contact the team directly via email for potential private sale opportunities.
Always ensure you're interacting with official, verified smart contracts and exchange listings when acquiring TST. The official contract address should always be verified against the one provided in this documentation.
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