The Standard Reserve launches on-chain bank with NFT charters on Robinhood Chain
- —1,000 Founding Charters total: 0.15 ETH via whitelist, public Dutch auction from 1.25 ETH down to 0.15 ETH
- —Each charter opens one branch and can expand to 10; branch licenses are paid in STANDARD and burned
- —STANDARD is capped at 1 billion tokens: 100 million for protocol liquidity, 900 million for the issuance budget
- —Fees during growth go to buying tokenized gold; during outflows they fund buybacks and burns
Why it matters: An experiment with issuance that responds to ETH flows could revive activity on Robinhood Chain, but it repeats the risks of reflexive models like Olympus DAO.
Source: Bankless