CHK Wallet partners with Standard Protocol to provide solutions for stablecoins

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2021-06-08 08:33:43

Recently, CHK established a strategic partnership with Standard, a pioneering protocol using the Collateralized Rebasable Stablecoin (CRS) model for synthetic assets operating on the Polkadot platform to connect people used with better algorithmic stablecoins.

CHK Wallet and Standard Protocol aspires to provide solutions to the algorithmic problems of today’s stablecoins such as price volatility, centralized oracles, and difficulty tracking auctions. Besides, CHK Wallet will support 3 tokens of Standard Protocol: Meter (MTR), Liter (LTR) and Standard (STND).

More specifically, CHK Wallet users will have a whole new experience in the crypto market, including access to collateralized stablecoins with a non-fixed supply and AMM with liquidated collateral. . In the near future, CHK Wallet will support Standard tokens on CHK Wallet version X and CHK Extension Wallet, providing users with more accurate pricing information and allowing users to generate more profits by how to participate in yield farming, staking and other activities.

Through this cooperation, CHK Wallet hopes to support Standard Protocol in the technology development of the project and contribute to promoting the growing Polkadot ecosystem. Moreover, Standard Protocol will be the bridge to help CHK Wallet expand to the Korean market in the near future, becoming a gateway connecting more users closer to the DeFi world.

About Standard Protocol

Standard Protocol is a pioneering Stablecoin protocol built on the Collateralized Rebasable Stablecoin (CRS) model for synthetic assets that will operate within the Polkadot ecosystem. This is also the first and only Korean project to be awarded and honored by Polkadot Web3 for its initiative to develop the global community.

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About CHK Wallet

CHK Wallet is a non-custodial cryptocurrency wallet used for storing, managing, trading, and swapping multi-chain, multi-source digital assets. CHK Wallet currently supports all BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Huobi ECO Chain, Near, Avalanche, Binance Chain, Celo, Band, Kava, Cosmos, Thor, Fantom tokens , Polygon, Persistence. CHK Wallet has both Mobile App and Extension versions, becoming a gateway connecting users closer to the DeFi world.

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