What is TheStandard?

This AI-generated podcast will give you a quick deep dive into the TheStandard protocols white paper.

What is The Standard Protocol?

The Standard Protocol is an innovative decentralized finance (DeFi) platform that reimagines traditional financial services through blockchain technology. It offers a suite of financial tools designed to provide users with unprecedented control, efficiency, and transparency.

Core Components of The Standard Protocol

1. Smart Vaults: Non-custodial, on-chain wallets that allow users to deposit various crypto assets as collateral. These vaults are represented as dynamic NFTs, enabling unique features like transferability.

2. Zero-Interest Borrowing: Users can borrow against their collateral without paying interest, a feature made possible through yield-generating mechanisms on the deposited assets.

3. USDs Stablecoin: A fully collateralized, decentralized stablecoin pegged to the US dollar, maintained through an over-collateralization mechanism.

4. Yield Generation on Collateral: Deposited assets are put to work in decentralized exchanges and liquidity pools, generating returns for users.

5. TST (The Standard Token): The governance token of the protocol, allowing holders to participate in crucial decision-making processes.

How The Standard Protocol Works

1. Users deposit crypto assets into their Smart Vault.

2. Based on the collateral value, users can borrow USDs.

3. Deposited collateral is allocated to yield-generating strategies.

4. Users can manage their positions, trade collateral, or repay loans at any time.

5. TST holders can participate in governance decisions.

The Standard's Unique Value Proposition

• True Decentralization: Eliminates intermediaries in borrowing, yield generation, and trading.

• Capital Efficiency: Maximizes utility of locked assets through simultaneous borrowing and yield generation.

• User Empowerment: Every action requires user authorization, ensuring complete control over assets.

• Innovative Stability: Combines over-collateralization and yield generation for a robust stablecoin foundation.

The Standard Protocol aims to become the leading decentralized borrowing and stablecoin issuance platform in the DeFi space, offering a more accessible, efficient, and user-centric financial system.