The Standard Reserve said it will release protocol v1.1 today, introducing three changes to its auction and liquidity design. First, charter auctions will move to two sessions per day, with each auction lasting 12 hours and offering 50 branch slots. The cap of three branches per 24 hours for a single Charter will remain in place. Second, the auction price curve will speed up, with the half-life shortened to two hours. Third, protocol-owned liquidity, or POL, will shift to the buy side only. Under the previous setup, the treasury provided liquidity on both the ETH and token sides. After the update, the protocol will buy tokens from the market and move them into a new protocol-owned incentive treasury. The announcement was made in a post from the project’s official X account.
The Standard Reserve, which describes itself as an "onchain central bank," said it will release protocol v1.1 today.
The update includes three changes. Charter auctions will be held twice a day, with each session running for 12 hours and offering 50 branch slots. A single Charter will still be limited to three branches every 24 hours.
The protocol is also speeding up its price curve. The auction half-life will be changed to two hours.
Another change affects protocol-owned liquidity, or POL. The mechanism will move to the buy side only. Previously, the treasury deployed liquidity on both the ETH side and the token side. Under v1.1, the protocol will buy tokens from the market and transfer them into a new protocol-owned incentive treasury.
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