What Is STPAY? (STP) Complete Guide & Review About STPAY

What Is STPAY? (STP) Complete Guide & Review About STPAY

What Is STPAY?

STPAY 2.0 enhances the capabilities of synthetics to give users access to multi-chain assets and new financial products on different blockchains without heavy over-collateralization or expensive bridge fees.

The live STPAY price today is $0.661836 USD with a 24-hour trading volume of $1,463.89 USD. STPAY is down 42.53% in the last 24 hours. The current CoinMarketCap ranking is #4521, with a live market cap of not available. The circulating supply is not available and a max. supply of 21,000,000 STP coins.

If you would like to know where to buy STPAY, the top exchanges for trading in STPAY are currently Finexbox, VinDAX, and STEX. You can find others listed on the crypto exchanges page. STPAY is creating a global platform to support Education and E-Commerce.

R STPAY Storage Key Points

Coin BasicInformation
Coin Name STPAY
Short Name STP
Circulating Supply4,044,037.00 STP
Total Supply21,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To view Explorers
Twitter Page Click Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project Website Click Here To Visit Project Website

Cross-chain Tokenization

Enabling the issuance and trading of synthetic assets and indices on web 3.0. The Standard Tokenization Protocol facilitates the issuance and trading of synthetic assets (ST-Assets) that track assets on other blockchain platforms. Additionally, users are able to construct and trade indices of tokens from other blockchains through these ST-Assets via the following functionalitie

Tokenize

Anyone can tokenize an asset by locking up collateral in the form of stablecoin. The collateral requirement is a minimum of 200% and varies depending on the underlying asset’s volatility. A greater collateral amount is required in order to reduce the risk of liquidation in case of price volatility

Reverse-tokenize

To reverse-tokenize an STPAY -Asset, the issuer must burn the amount initially issued to receive the locked collateral amount.

Construct

Anyone can create their own basket of assets by locking up collateral in the form of stablecoin. The construction of an ST-Index is completed in one transaction even for a group of assets on different blockchain platforms (i.e. ERC20, KCT, OEP-4, etc.). The collateral requirement is a minimum of 200% and varies depending on the assets selected for the index which the protocol will automatically calculate.

Trade/Transact

STPAY -Assets will be integrated with existing DeFi protocols including decentralized exchanges and lending protocols so users will be able to leverage lucrative DeFi strategies and transact across multiple platforms. Ultimately, cross-chain tokenization will facilitate the value transfer between major blockchain platforms providing more liquidity, more products, more strategies and more opportunities in decentralized finance.

Evolution of STP

STP 2.0 will allow users to gain exposure to a multitude of different assets across chains in a principled way.

Build Web 3.0

Enables cross-chain capability, allowing for faster, cheaper transactions than the increasingly crowded Ethereum ecosystem.

Multi chain Index

STPAY Track the performance of a group of underlying assets across various blockchain platforms.

Improve Collateralization

Ensure that minters have sufficient collateral to hold their positions.

Adaptive AMM

Choose the pricing function in a more principled way, allowing pools to offer tighter trades.

Multi Assets Pool

Create optimal experience for quickly swap and give minters choice in what sources of debt they are exposed to.

Multi-Chain Index

Made possible through cross-chain tokenization, the multi-chain index can be created through the Standard Tokenization Protocol. The protocol allows users to issue an asset representative of an index that tracks the performance of a group of underlying assets across various blockchain platforms (i.e. ERC20, KCT, OEP-4, etc.). These manageable indices rebalance periodically based on smart contract specifications and can be customized based on community’s interests.

From using leverage, yield farming or any other of the constantly growing number of tools, these indices can employ a wide range of tools for endless strategies that can interact with other decentralized protocols including AMMs and lending protocols. The STP platform will issue the initial multichain indices that users can utilize while eventually opening up the issuance process to token holders for high degrees of customization. The ability to access assets on multiple chains greatly increases the number of strategies for trading and yield that users can execute.

The STP token (STPT)

The STP token is a key component to building up an ecosystem of synthesized assets. Users will not only require STPT to generate synthesized asset pools, and it is also key to incentivizing liquidity provision for these asset pools. In addition to collecting trading fees, liquidity providers will be further rewarded in STPT for providing liquidity to these pools.

The STP token also serves a key governance role. Holders of the STPT are allowed to vote on key issues for the protocols. In particular, changes to key parameters of the STP ecosystem may be put up for a governance vote. This includes changes such as:

  1. Tuning existing collateralization ratio functions, such as different weightings on asset properties like volatility.
  2. New collateralization ratio functions. For example, collateralization ratios calculated on a max drawdown over a rolling window instead of on volatility.
  3. New pricing curves. In addition to Uniswap’s popular xy = k curve, Curve has its own modified price curve that is suitable for trading stablecoins. As synthetic assets expand the tradeable universe, the protocol may wish to admit new pricing curves suited for different areas and products.
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