Standard Protocol is a decentralized finance protocol enabling users to borrow stablecoins like USDs against their crypto assets without paying interest. At its core is the Smart Vault, which allows users to mint USDs by depositing over-collateralized assets, ensuring a low collateralization ratio of 110% for efficient borrowing. Users can earn yield on their collateral via V3 liquidity pools while retaining asset control.

Key features include dynamic NFTs for managing vaults, multi-collateral vaults, tradeable locked collateral, and mechanisms for stability and efficiency.

TST is the utility and governance token of The Standard Protocol. It empowers users to participate in protocol governance by voting on upgrades and decisions, stake tokens to earn rewards from borrowing fees and collateral pools, and benefit from protocol growth through token buybacks and burns.

The USDs stablecoin ensures reliable liquidity and decentralized borrowing.