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State of the Economy · Initialization · Epoch 0001

The system is initializing.

As of September 17, 2026.
The paired STANDARD towers nearly complete, cranes topping out the roofs and the skybridge joined between them

LPing into v4 pools can be quite complex. A how-to guide is coming soon.

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Active banks999of 1,000 charters minted · 1 burned
Open branches1,1991.20 per bank on average
Issuance multiplier1.00×protocol is initializing...
Burned forever3.2Mpermanently burned tokens
Auction house

Check today's auctions.

Expansion licenses go up for auction every day once the operator enables them.

0 licenses left today · next auction in 01:48:43View
Protocol information

Holder bonus

Quiet
Stayers’ cutEvery withdrawal pays an exit fee, 2% right now. Half is burned; half streams to the bankers who stayed in the next epoch. An exit of 1,000 $STANDARD sends 10 to holders today and 300 at the threshold.
1.0%of every exit
RedemptionsTrailing 7-day withdrawals plus live pending exits, measured against the threshold. The fee runs from 2% at rest to 60% at the threshold.
1%of threshold
Your cut of every exit1% for now
NowStartingMax
Initialization

Net capital flowETH coming into the protocol minus ETH leaving, this epoch.Positive: fees buy reserves.Flat or negative: fees buy back and burn $STANDARD.

+2,110.82 ETH this epoch

Fees are headed to the expansion vault.

Two-epoch signalLast epoch’s net flow plus this one so far.Issuance follows this slower reading, so one spike can’t swing the rate.+2,110.82 ETH

No reading yet. The signal needs two settled epochs.

Epoch 0001 · day 2 of 3Each epoch measures the protocol’s net flows and sets the next epoch’s issuance.Settles in 25:45:09

Reserve ledger

Balance sheet

Expansion vault
111.72 ETHreserve purchases when flows are positive
Contraction vault
111.72 ETH3,049.45 ETH in the pool · buyback eligible nowThe contraction vault buys $STANDARD from the pool and burns it, one small step at a time.Each buyback is capped and followed by a cooldown. Eligible now means the cooldown has passed and the next buyback can run.

$STANDARD supply · 996.8M max supply

The Mechanics

Read the whitepaper.

The complete rules for issuance, expansion, reserves, exits, auctions, and governance.

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