According to GMGN market data cited by BlockBeats on Sept. 15, STANDARD, a Robinhood chain ecosystem token tied to The Standard Reserve, briefly pushed its market capitalization above $45 million within two hours of going live. It was later quoted at $44.2 million, with trading volume reaching $29.8 million. The project describes itself as an “on-chain sovereign central bank” and says it is attempting to replace a traditional central bank or DAO-based governance model with immutable smart contract code of roughly 4,000 lines to run an automated monetary policy system. Under the mechanism described in the release, the protocol adjusts issuance based on ETH net flows in the official Uniswap v4 trading pool. When funds show net inflows, it gradually expands STANDARD issuance and uses revenue to accumulate reserve assets and protocol-owned liquidity. When funds show net outflows, it reduces issuance and uses revenue to buy back and burn tokens. BlockBeats said users should remain cautious because of sharp price swings in related tokens.
BlockBeats reported on Sept. 15, citing GMGN market data, that STANDARD, a Robinhood chain ecosystem token linked to The Standard Reserve, briefly saw its market capitalization climb above $45 million within two hours of launch. It was later quoted at $44.2 million, while trading volume reached $29.8 million.
How the project describes its model
The Standard Reserve calls itself an “on-chain sovereign central bank” and says it is trying to replace a traditional central bank or DAO governance with immutable smart contract code of about 4,000 lines, with the goal of running an automated monetary policy system.
According to the project description, the protocol adjusts monetary policy automatically through ETH net flows in the official Uniswap v4 trading pool. If capital records net inflows, the protocol gradually expands STANDARD issuance and uses revenue to build reserve assets and protocol-owned liquidity. If capital records net outflows, it cuts issuance and uses revenue to buy back and burn tokens.
BlockBeats also warned that price swings in related tokens can be significant and said users should be cautious with investments.
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