STANDARD$26.4K-15%

everyone's debating whether it's a ponzi i'm more interested in what happens if it actually works a self-sustaining digital bank governed by code and a bunch of nerds who like blockchain https://x.com/MINHxDYNASTY/status/2100386837206650965?s=20

STANDARD$20.9K-30%

flipping my mindset on this one to be a much longer term play theyve done a great job at execution so far, and have created a decentralized machine that runs by itself think it's pure experimentation onchain and has a chance to put its flag in the ground on robinhood for a long time long term games

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after doing more dd, one of the best reflexive economies ive seen everything feels and looks very well thought out, regardless of what’s happening amazing breakdown, helped me understand better: https://x.com/heyjxck_/status/2097627422111727626?s=46&t=oxuIilMtqJ_UHCFOtO_X4Q will look to take initials when i can, but can see this becoming a truly decentralized online bank that lives on robinhood if everything works as planned

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main thing im watching: can these remain strong? Branch-auction demand ↑ STANDARD burned ↑ Branch retirements / STANDARD released ↓ reserves + buyback capacity ↑ if those variables keep pointing in the right direction, im comfortable with the position

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ive always loved the idea of a digital bank there’s a lot of fun mechanics and levers the team is pulling to make sure the tokenomics works on both sides launch was very smooth, liquidity is thick, and the dev seems to be very good will sit here for a bit and just enjoy if anything seems off will recalibrate

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stealing this from 0xSammy, good write up: “My initial estimates for @standard_rsv were conservative It's already hit $47m market cap ($470m FDV) within 24 hours following a smooth launch on RobinHood (RH) Some observations: 1) 1.2M STANDARD ($560k at peak) was burned in the first auction & I'd anticipate similar levels today 2) charters + branch licence auctions minted out in minutes; insane demand to participate + honestly trying to scramble around to find enough STANDARD to mint is wild 3) We're currently in an expansion phase of the protocol, with 3k ETH in net inflows; so issuance multiplier is just 1.00x (adjusts after epoch 2) 4) one guy burned his branch on day 1; for a loss on the value of STANDARD accrued vs the mint price of 0.15 ETH 5) 2.1M standard will be issued this epoch (~3 days) ; there will be capacity for 8,891 branch licences =[(1000*9)-100-9]; so 89 more days of branch licence auctions assuming nobody else burns their charter... but it's likely it'll land somewhere in a month with participants exiting 6) talking of exits... timing it at the peak during expansion will be optimal if you don't intend to play until the end as the tax kicks in during "contraction" so it may be net positive to play to the end depending on size... that tax gets paid 50% to bankers + 50% to LP 7) the liquidity on the pool is pretty nuts... $8m?! If you're a trader and you spend time understanding the mechanics of the protocol this could be a very lucrative asset to trade in size 8) things could get very interesting when entire banking portfolios can be OTC'd to other participants (currently soul bound)... 9) there's also a holder bonus you need to account for... + it also says bank charter auctions open at a later date suggesting this is JUST season 1... will genesis charters hold a premium if this becomes a much larger economy? x) Pay attention to how the branch licence mint goes today. I'm anticipating a similar level of craziness... the auction opens up at 2x yesterday's clearing price (2 x 11,800 STANDARD) so you could see 2M+ STANDARD burned in a day if demand holds... that's insane deflation on a token that is issuing ~700k / day I’m waiting for the licence price to fall or the economics to improve before adding another Branch But I’ll be holding my Charter for the long term and reassessing expansion based on the live price-to-issuance economics I have a feeling this protocol may have a reasonable chance of becoming successful multi month; so pay attention sooner rather than later cc: @vladtenev @fern ; they've built an entire economy (arguably superior to the Federal Reserve) on your blockchain” original post: https://x.com/0xsammy/status/2099786870225825876?s=46&t=oxuIilMtqJ_UHCFOtO_X4Q

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standard is basically an onchain central bank bank nfts print $standard people burn $standard to grow their banks trading fees fill the reserves reserves buy + burn when things cool off number go up → treasury gets stronger number go down → treasury starts buying highly reflexive economy 🙃

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remember, health is wealth