Last updated 29 August 2026 · from whitepaper v1 at standardreserve.xyz
How each gauge on the terminal will be computed once contracts are deployed, based on the mechanisms published in the protocol's whitepaper and app. The whitepaper deliberately redacts most numeric parameters "until launch"; a redacted mark below means the value is withheld by the protocol, not unknown to us through laziness. Where contracts differ from the whitepaper, contracts win, and this page will be corrected.
The protocol's single policy input. A custom Uniswap v4 hook on the canonical ETH/STANDARD pool counts gross ETH in from buys and gross ETH out from sells within each epoch:
F(n) = gross ETH in (buys) - gross ETH out (sells)Denominated in ETH only and measured only at the canonical pool. The terminal will read this per epoch from the hook and display the current epoch's running figure.
Epoch length: redacted until launch.
Issuance policy does not react to the current epoch. It reads the trailing two completed epochs:
signal(n) = F(n-1) + F(n-2)Fee routing is the fast lever and flips on the sign of the current epoch alone, sign(F(n)). The terminal will show both: the slow signal driving issuance and the fast sign driving fee routing. The two-epoch trail is also where we will watch for boundary gaming: capital that arrives just before an epoch closes and leaves just after.
Expansion when net flow is positive, contraction when it is negative or zero. The policy multiplier m moves in a staircase between 0.2x and 1.25x: consecutive positive epochs raise it in fixed steps, negative epochs cut it in larger steps. Cuts are immediate, raises must be earned. Epoch issuance:
I(n) = base rate redacted x d days x m(n) one branch's daily yield = base x m / N branchesIssuance is credited to branches pro rata and streamed second by second, as ledger entries; tokens are minted only on withdrawal. The issuance budget is 900,000,000 (the 1B hard cap minus 100,000,000 genesis liquidity). When cumulative issuance reaches the budget, base issuance stops permanently.
1,000 Founding Charters at genesis, each initially soulbound and holding 1 to 10 Branches. The terminal will track total Branches, Branch openings via Expansion Licences, retirements, and Charter burns (a Charter burns when its last Branch retires). Post-genesis Charters enter only through the daily Charter auction.
Two daily Dutch auctions, tracked separately.
Expansion Licences (paid in STANDARD, 100% burned on receipt): initially 100 per day, at most 3 per Charter per day, first come first served.
P(start) = 2 x last close P(t) = P(start) x (P(floor) / P(start)) ^ (t / 24h) P(floor) = redacted (about two days of one branch's yield; scales with policy rate)Charter auctions (paid in ETH, routed to the fee engine): the daily count starts at zero and is policy-controlled; a day opens at 3x the previous day's closing sale, falling to an admin-set reserve price. Unsold licences and charters never roll over.
The asymmetry is deliberate: licences open at 2x, charters at 3x, and expansion is cheapest during contractions.
Every burn path, aggregated: Expansion Licence payments (100%), half of every resolution fee, half of every dormancy revocation, all buyback purchases (100%), and trading fees earned in STANDARD (always burned). Max supply is strictly non-increasing:
S(circ) = 100,000,000 genesis liquidity + M(t) withdrawal mints - B(t) cumulative burnsThe resolution fee on withdrawals, computed from trailing 7-day system-wide exits. With W = tokens withdrawn over the trailing week and D = everything still held:
P = W / max(D + W, redacted) fee = quadratic in P, from a redacted floor to a redacted ceilingHalf of every fee is burned, half is paid to the bankers who stayed. A withdrawer's rate locks the moment they commit, and withdrawals are never paused or queued. The terminal will display the current fee level and its trend as the exit pressure gauge.
Related: the dormancy system. A wallet inactive for 30 days can be reported by anyone for a bounty of 2% of the dormant balance (capped at 100,000 tokens); the dormant wallet pays a 70% revocation fee, half burned, half to active bankers, 30% returned.
All protocol ETH (trading fees plus Charter auction proceeds) splits each epoch:
The terminal will track both vault balances, POL depth, and cumulative team take. Note: no holder redemption claim against reserves exists anywhere in the published materials; reserves are protocol-owned.
The contraction vault executes buybacks on hourly ticks:
spend per tick = min(0.10 x vault balance, 0.002 x pool reserves)Bounding buybacks near 5% of pool depth per day at launch settings. Unspent balance rolls forward and the vault can never sell. Everything bought is burned. The gauge shows the vault balance and the implied maximum daily buyback.
Sources: the whitepaper and app at standardreserve.xyz, retrieved 29 August 2026. This page is community-built commentary on published materials, is not affiliated with The Standard Reserve, and is not financial advice. Corrections welcome: @stonksdev.