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DEX

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DEX

πŸ“Β Standard DEX: apps.standard.tech

DEX is another core product of Standard Protocol. We’d love to introduce our modules and some unique features that Standard Protocol’s DEX has compared to other DEXes.

Why do we need our own DEX?

Standard DEX, is one of the key gears in our stablecoin β€œmachine”. The main purpose behind the DEX is to facilitate USM’s collateral liquidation on AMM. As mentioned earlier, with this approach, collaterals are liquidated to the free market ASAP, and the market self-adjusts. Users can simply trade USM and gain instead of having to participate in an auction or governance token backstop.

On top of this, the DEX brings more benefits to USM’s ecosystem. First, users can perform trading with non-collateral assets without having to leave our protocol and our unique features ( arbitrage and bridge) allows users to facilitate trading activities and maximize their DeFi gains.

Read the following series for in-depth details:

DEX Modules

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1. Trade

πŸ“Β apps.standard.tech/trade | User guide: How to

2. Liquidity Pool

πŸ“Β apps.standard.tech/pool | User guide: How to

3. Farm

πŸ“Β apps.standard.tech/farm | User guide: How to

4. Dividend Pool

πŸ“Β apps.standard.tech/dividend | Learn more on

5. Vault (coming soon)

6. Bridge

πŸ“Β apps.standard.tech/bridge | User guide: How to

7. Analytics

πŸ“Β Ethereum: https://analytics.standard.tech/

πŸ“Β Shiden Network: https://shiden.analytics.standard.tech/

πŸ“Β Metis Network https://metis.analytics.standard.tech/

User guide: How to

Unique Product Features

1. Arbitrage spotter with candle chart:

This feature informs users of arbitrage opportunities that can be made by simultaneously trading on a CEX. Read

on to learn how to leverage it for your trading.

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2. Multichain router/bridge integration:

This feature enables a user to perform his multichain trade (Trade -> Bridge -> Trade) in one chrome tab. Celer cBridge integration will be coming soon.

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DEX Fees

In order to grow a Defi protocol in a decentralized way, we need an incentivized community and a decentralized revenue model that scales permissionless. Hereby, on our DEX MVP, there’re are two sources of revenue:

We charge a 0.3% transaction fee, 0.25% will be yielded as LP rewards for LP providers, the remaining 0.05% of it will be taken out and put into our Treasury. The 0.05% will be split into three portions: Tech, Maintenance & Growth, DAO, & Dividends.

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1. DEX β€” Transaction Fee

We collect 0.05% of the transaction 0.3% transaction fee and split it across growth fund, treasury, and dividends. This revenue stream will be correlated to the market sentiment and trading volume.

2. Vault β€” Stability Fee

As an overcollateralized rebaseable stablecoin protocol, by allowing borrowing of our stablecoin Meter by overcollateralizing assets, users can gain liquidity from their assets without actually spending it (which is important during a bullish market). Members who want to redeem their assets will only need to pay a fixed interest, a.k.a. stability fee, in addition to their borrowing amount. While the details of the stability fee will be surfaced later, this fee will be considered as income of the protocol. KPI of this revenue stream will be TVL growth in our vault.

3. Other Potential Sources of Dividend

As the Standard ecosystem grows bigger and expands multichain, we have partnered up with each network and explored ways to give value back to our communities. Other possible revenue streams include:

  • Shiden Build2Earn program
  • Metis Builder Mining program
  • Money market for MeterUSD

Currently, we have participated in Shiden Network Dapp Staking Program and shared our Dapp Staking reward to stakers of the dividend pool as dSTND (

)

Upcoming, we are planning to share Metis Builders Program Revenue as another source of Dividends to our Metis users. Other proposals will be shared as DAO and voted by the community.