Standard Protocol Roadmap 2021/22
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Standard Protocol Roadmap 2021/22

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Standard Protocol Roadmap 2021/22

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A long awaiting announcement for our community. Today, we are proud to announce both the latest progress of the project as well as a forward looking view of the protocol.

August β€” A quick recap so far

On and off that you might have heard from us in the Telegram and AMA about the collaboration of Polygon after our announcement on being rewarded the Polygon grant. After working very hard,the $STND contract is finally ready on Polygon and listable on Sushiswap and Quickswap. Next, we will be setting up the bridge so as to unlock migratability for our current $STND holders. This will be our first step to be chain agnostic. In sum, this what we have done for August:

  • Expand Standard Protocol in Polygon to enhance cross-chain presence
  • Launch STND tokens contract onto Polygon with bridge
  • Community engagement and AMAs

September β€” The fun begins

Migrating the $STND token helps the protocol to release our stablecoin MTR. The release will include a vault portal for borrowing MTR with a few selected, reliable collaterals, and a DEX that facilitates the capital-efficient collateral liquidation process. We also aim to establish the necessary LPs for MTR, possibly with staking rewards, on popular swaps on Polygon to support its stability on Day 1.

September will be our flagpole that turns Standard Protocol into one of the over-collateralized stablecoin protocols in the market. We are looking forward to reaching the following milestones:

  • Launch first version of MTR, our stablecoin
  • Pilot a few vaults for MTR borrowing
  • Launch a pilot DEX to support MTR design (liquidation) and enable swap interface with external swaps with no extra fee
  • Get STND LP ready on beloved swaps. β€” Sushiswap, Quickswap, and more
  • Register as a Polkadot parathread
  • Get listed on at least one more CEX
  • Launch of our Online Magazine β€œThe State of Defi”
  • More community engagement and AMAs

Q4 2021 β€” Expanding MTR usage across multiple chains

What governs the success of a stablecoin is not just the TVL in the vaults, but the actual circulation and use cases of using this USD-pegged currency across different dimensions. Not only will we initiate our first CeDefi commissioned product with our Korean bank partner, Ginkgo Bank β€” β€” eyeing on Kusama & Polkadot parachain auction, we will also partner with our chain-agnostic partner TrainDAO to help us bringing MTR from Polygon to other chains so as to unlock MTR usage potential even outside of Polygon.

Do expect we will have more partnership onboarding soon as well. Oh wait, did I mention Gamefi too? :smile:

  • Prepare to go multichain through the support from our partner TrainDAO
  • Initiate on first CeDefi commissioned product with Ginkgo Bank
  • Participate in Kusama & Polkadot parachain auction
  • More community engagement
  • More partnerships
  • Grow MTR vault TVL to USD 10M by year end
  • One word. Gamefi. (Nope, not a game)

2022 β€” Scaling

While 2021 will be the year of setting up the foundation, 2022 will be the year of focusing on expanding our protocol to more frontiers, including having our own Wallet that is native to MTR, alongside with 3rd party wallets and even other Cefi partners integration. We also aim to pipeline projects with our Defi partners to further enrich the protocol ecosystem and hence MTR usage. By the end of 2022, we will truly be the bridge between Defi and Cefi.

  • A version 1.0, chain-agnostic MTR along with its ecosystem
  • 3rd Wallets integration
  • Native Wallet with MTR
  • Expand partnership with CeFi
  • Expand MTR & STND’s presence and use cases across multiple chains
  • Expand MTR usage with domestic Cefi projects globally
  • Scale community engagement
  • Scale pipelined projects with Defi partners

And here’s the overview of our latest roadmap.

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Standard Protocol Roadmap 2021/22

Last word (for now)

Over the last couple of weeks, we have been quietly building. We have been delegated a lot of our time in building the right product and releasing the product in a timely manner.

Today, we’re still confident and proud to let you know the next milestone we will reach. It’s our pleasure to have you be a part of this journey, to be a part of our community. We appreciate you for supporting us all along. Let us share the next milestone with you soon.

About Standard Protocol

Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate within the Polkadot ecosystem. It has been granted with #DefiForAll Fund from Polygon and is also the first and only project from Korea to be awarded a Polkadot Web3 foundation grant and prides itself on its global community growth approach.