The Standard Reserve said it will release a protocol v1.1 update today. According to Foresight News, the update includes three changes: two license auctions will be held each day, each lasting 12 hours and containing 50 branch quotas, while a single Charter remains limited to three branches per 24 hours.

The protocol will also speed up its price curve, with the auction half-life reduced to 2 hours. In addition, protocol-owned liquidity will be limited to the buy side only. Previously, the treasury provided liquidity on both the ETH and token sides; it will now buy tokens from the market and transfer them to a new protocol-owned incentive treasury.