The new decentralized algorithmic protocol known as Stand Cash and its SAS address will be introduced to you. Built on Ethereum, Stand Cash is an open-source, algorithmic, permissionless, massively scalable, decentralized network.
What Is Stand Cash?
Stand Cash is an Ethereum-based open-source, permissionless, highly scalable, decentralized algorithmic protocol. The Reserve Asset mechanism will be used for the first time in the protocol to stabilize a stablecoin.
The following are some of the protocol's distinguishing features:
Two Tokens- The protocol includes two tokens: SAC, a stablecoin pegged at one dollar, and SAS, a non-stable governance token that will accrue fees, seigniorage revenue, and excess reserve value.
While there are numerous stablecoins, stabilization via the Reserve Asset Mechanism is still novel, and this is at the heart of what we are building. It is a simple model that works as follows: If SAC is trading above 1 USD, it spends 10% of the rebase to buy Eth, which it keeps in treasury. If SAC is trading below 1 USD, the treasury fund is used to support the price.
Decentralized and Governance-minimized- Because the protocol employs a highly autonomous, algorithmic model that is devoid of active management, the community is entirely responsible for governance. Tokens are not pre-allocated to any member of the team or external investor; rather, the are used to incentivize community members who perform valuable protocol actions. Token distribution is fair and transparent, and has been designed to ensure the protocol's long-term success.
Oracles that are completely on-chain—the use of Uniswap (USDT, USDC time-average prices)
Swap-based monetary policy entails the use of automated market makers such as Uniswap to generate swap-based price discovery and real-time stabilization incentives via arbitration.
Where To Look At SAS Address?
The answer for SAS address is 0x4C38D0e726B6C86F64c1B281348E725973542043. Following that, Stand Shares (SAS) are distributed to those who provide liquidity to the Stand Cash(SAC)-USDT Uniswap v2 pair, with users Stntract and triact LP to deposit the Shares. The SAS pool 1 will distribute 600.000 stand shares, beginning with 5.000 and decreasing by 80% every 30 days.
Summary
The Stand Cash protocol employs a reserve asset mechanism to keep its stablecoin at $1. The stablecoin stand Cash aids in reducing the risk exposure of volatile assets. However, I suggest you to check their website and SAS address to DYOR.
