Standard protocol tokenizes banking with automated monetary policy, branch auctions, and fee-driven buybacks or reserve accumulation.

The article describes Standard's reserve system as an automated economy where a code-based central bank responds only to net ETH flow through a single ETH-STANDARD pool: inflows loosen policy and issue more tokens, while outflows cut issuance and trigger buybacks and burns. The token is capped at 1 billion. Charters and branch licenses are sold via daily Dutch auctions, with prices decaying over 24 hours and capped at doubling daily. Fees split 70% to vaults, 15% to permanent protocol liquidity, 15% to the team. The author frames it as a test of removing human judgment from monetary policy.

✨ AI summary of the linked source — not editorial content.

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• Accumulation
• Buybacks
• policy
• Auction