Liquidity Pool of “PIST” and “STND” Available on Standard Protocol DEX
It’s been a while since our partnership announcement with our partner Standard Protocol. <https://blog.standard.tech/standard-protocol-partners-showcase-pist-trust-a2b8a1c9ce24> , we are thrilled to share with everyone that liquidity pool of Standard Protocol’s governance token “STND” and PIST Mainnet coin “PIST” is finally available in Standard DEX on the Ethereum network.
Standard Protocol DEX: apps.standard.tech
Through the PIST” and “STND” liquidity pool on Standard DEX, users can swap PIST or STND tokens. Community members of PIST will be able to utilize various DeFi features of Standard Protocol such as “Swap, Adding Liquidity, Farming, earn dividends and cross-chain bridges.
Participating in liquidity mining by Standard Protocol DEX is only the first step of our partnership, we are still in the progress of launching a staking pool for STND in our PIST Wallet and exploring USM integration with STND as a settlement currency.
What is Standard Protocol DEX?
Standard DEX is a Multichain DEX currently support Ethereum, Metis and Shiden Network. Different from regular decentralized exchanges, Standard DEX not only provides liquidation of digital assets, but also addresses capital inefficiencies from other DEX protocols.
Standard Protocol DEX : apps.standard.tech
Standard Protocol’s DEX Functions
-Swap & Liquidity Pool
The Standard DEX charges 0.25% fee as a LP provider reward, and a 0.05% for Growth fund, DAO Treasury, and Dividend Pools.
-Liquidity Pool Farming
Users can yield $STND by staking LP tokens by staking their LP tokens, which is available only on Rinkeby Network. After selecting the farm and staking the LP token in the pool, users will earn yields as time passes.
-Bonding & Dividends
In the DEX users can bond their STND and receive dSTND which grants voting rights to Standard Protocol’s governance. While being a holder of dSTND, holders will receive passive income which comes from portions of the swap fee on Standard DEX.
Guide: How to Swap and Add liquidity on Standard DEX
Here are some steps to guide our community to navigate through the Standard DEX
Here’s a step-by-step guide for swapping and adding liquidity.
Part 1. Transfer ERC-based PIST to metamask
・Use the DApp “Mapping” to change PIST-based “PIST” to ERC-based “PIST”
2. ・Transfer ERC-based PIST to Metamask wallet.
・If the ERC-based “PIST” is not displayed onMetaMask, search for “PIST TRUST” in CoinMarketCap and click the fox icon to add the PIST token.
https://coinmarketcap.com/ko/currencies/pist-trust/
Part 2. Connecting MetaMask to Standard DEX
・ Click ‘Connect your wallet’.
・ After agreeing to the ‘Terms of Service’, click ‘MetaMask’.
Part 3. Swapping PIST & STND Tokens
- Select your token
• Add “PIST” Coin to Metamask
• Select your 2nd token and repeat the process
• Click “Approve PIST”
• Click “Confirm Swap”
Part 4. Adding Liquidity
• Click “Pool” on the right side of the tab and select your 1st token
• Select your 2nd token and repeat the process
• Click “Approving STND”
• Click “Confirm Supply”
About Standard Protocol
Standard Protocol is the first Self-Sovereign Stablecoin protocol that embraces and visions the true decentralized form of Web3.0. Empowered by its interoperable DAO ecosystem, Standard Protocol empowers its users with full control over its monetary system through a multichain DEX, a decentralized Oracle, and a non-reserve design for CDP using NFT. We’re also a recipient of the Polkadot Web3 Foundation Grant, Polygon #DefiForAll Fund and Shiden Network Builders Program Grant. Standard Protocol strives to innovate as the next-generation digital settlement currency and prides itself on its global movement in self-sovereign finance.
Please click the following links for furthermore information about the Standard Protocol:
Website | Twitter | Telegram Community| Medium | Discord | Clubhouse | Reddit
About PIST TRUST
PIST TRUST is a high-performance Mainnet project supporting various digital assets, decentralized applications, and blockchain services. PIST TRUST is currently in strategic partnership with Standard Protocol, MAP Protocol, and Idavoll Network for cross-chain interoperability. Lastly, PIST Mainnet will introduce a new paradigm for Mainnet ecosystems by building the infrastructure to CeFi, DeFi, NFT, Game-Fi, and Metaverse along with application interoperability via a built-in cross-chain bridge.
To learn more about PIST TRUST, join our community channels.
