Statis
Statis is a digital currency company
Basics
- Based in: Malta and the Isle of Man under STSS Limited (10-3-2023).
- Started in / Announced on:
- Testnet release:
- Mainnet release:
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- Coinfabrik (June 2018) and Certik (April 2021)
Bugs/Exploits
Governance
Admin Keys
- From CryptoRisks (10-3-2023):
"Token supply (mint, burn, freeze, and transfer) is controlled via a 3-of-7 multi-sig whose signers are not publicly known. Authority over the signers is also undisclosed."
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation
Utility
Other Details
- EURS is a centralized (10-3-2023) euro stablecoin issued by Stasis.
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Consensus mechanism:
- Algorithm:
- Virtual Machine:
- Development language used:
Transaction Details
How it works
- From CryptoRisks (10-3-2023):
"Stasis claims that EURS is backed 1:1 by cash reserves and sovereign and corporate bonds. Our verification shows that assets are held with the following entities: EXT LTD (Cyprus), XNT LDT (Malta), and UAB NexPay (Lithuania). Although statements showing account holdings are provided, Stasis does not recognize unrealized P&L from daily variations of the underlying bond prices. Our analysis shows that all bonds most recently held had been trading at a significant discount compared to Stasis’s cost basis. This represented a plausible risk of insolvency in the event of a bank run."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
- From CryptoRisks (10-3-2023):
"Our investigation highlights significant risks with EURS, in particular notable flaws in how the controlling entity is governed. The main concerns are the following:
- an obscure corporate setup and unclear regulatory compliance with third parties in various jurisdictions across the EU,
- an accounting strategy that distorts the value of the underlying portfolio, resulting in a systematic asset–liability mismatch and making EURS prone to a liquidity crunch, and
- the undisclosed ownership of the multi-sigs controlling the token and treasury contracts."
Team, Funding and Partners
Team
- From CryptoRisks (10-3-2023):
"The Company currently has approximately 20 employees, with the following directors:
- Gregory Klumov, CEO & Founder: Founded an Internet Service Provider at 15, then moved to Finance with experience in alternative investment management.
- Vyacheslav Kim, CFO: Over 12 years of management experience in Strategic Management, Asset Restructuring, Corporate Development, and Finance. He also has a diversified background in communication with regional authorities and ministries.
- Dmitry Golubev, CTO: Graduated from Nizhny Novgorod State University in 2010 and is currently based in Russia. He previously worked at Netcracker and Orion Innovation."
Funding
Partners
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