Chainfir Capital Announces Investment in Standard Protocol

Published:Sep 16, 2021


Based on years of in-depth research on the underlying technology and mechanism iteration of stablecoins, Standard has delivered the first Collateralized, Rebasable Stablecoin (CRS) protocol and proposed innovative solutions for the two modules of Oracle and Automated Market Maker (AMM), further strengthening the decentralized nature of stablecoins. On seeing Standard's originality and potential in the stablecoin market, we have completed our investment in Standard protocol in April 2021.


About Standard Protocol



Built on Substrate, Standard Protocol is a collateralized rebasable stablecoin protocol for synthetic assets operating across the Polkadot ecosystem. In contrast to the previous generation of algorithmic stablecoins, Standard will indirectly adjust the supply and demand relationship through collateral rate in each era, realize efficient assets settlement via a built-in AMM, and ensure price stability through leveraged trading and arbitrage. It will also include a protocol for synthetic asset markets by way of a decentralized oracle.


Standard is a global team with highly professional and experienced teams in the United States, South Korea, and China. It is also the first and only project from Korea to be awarded a Polkadot Web3 foundation grant. Standard has been supported by some large Polkadot communities, such as PolkaKR, PolkaBase, etc., and has also reached strategic cooperation with numerous projects, including Polkadot Wasm smart contract platform Patract, Polkadot ecological identity protocol Litentry, and Polkadot multi-chain dApps hub Plasm Network.


What makes Standard Protocol so different?


● More stable: a hybrid of a collateralized and rebasable stablecoin

Generally, the current algorithmic stablecoins do not have collateral assets as price support, resulting in instability of prices and even amplifying market volatility. Against this backdrop, Standard proposes a collateralized algorithmic stable currency and a digital asset index solution based on the fund pool, which indirectly adjusts the supply and demand relationship via the adjustment of the collateral rate. In the meantime, Standard's supply adjustment era is shorter with higher timeliness. It supports cross-chain digital assets as a guarantee, which can avoid the price instability caused by the lack of collateral for algorithmic stablecoins.


● More accurate: built-in decentralized oracle for price feeds

Unlike most oracles of cryptocurrency collateral stablecoins or algorithmic stablecoins, Standard has constructed a brand-new oracle module designed to reserve 10% of the governance token STND for oracle incentives.


There are two distinct features of the Standard oracle: one is that the price feeder is completely released, and anyone can freely provide a quotation to Standard; the other is that Standard Protocol has created completely decentralized incentives. The custom-built module based on Substrate supports the issuance of tokens to honest verifiers and price feeders, and the block rewards are used to incentivize accurate price feedback behavior, making it impossible for prices to be manipulated by a single entity and circumventing the problems with existing oracles.


● More efficient: adoption of original built-in AMM

Traditional liquidation collateral auctions may be inefficient and unfair. In order to tackle this problem, Standard utilizes an original built-in AMM DEX in the decentralized exchange, so that everyone can participate in arbitrage, pushing the Standard ecology into a virtuous circle.


In this way, the liquidation is more fair and efficient, easier to track, and can better protect the rights and interests of ordinary users. It also effectively guarantees market liquidity, prevents bad debts, and ensures the smooth operation of the system.


Economic model


The Standard protocol runs on 3 token ecosystems, MTR, LTR, and STND, each serving a specific purpose.


Meter (MTR) is a stablecoin generated by the Standard system that holders can use as a medium of exchange; Liter (LTR) is a liquidity provider token that represents a share of the AMM module, which can also be used for liquidity mining; Standard (STND) is Standard's governance token, which can be used in network staking, stability fee rewards, transaction, and one-chain governance.


According to the Standard's whitepaper, the total number of STND is 100 million, and the distribution of tokens is as shown in the figure below:





Thanks for your submission!


*It is recommended that the size of the PDF file be less than 10 MB

You may simply email us at