Sandglass Project Introduction, Team, Financing and News

Performances

RD Popularity Index

2938.10% (24h)

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Project Rank: 4846/15395

RD Growth Index

0100200300400500

Project Rank: --/15395

Comparison

Event Calendar

Jul 29, 2024

Sandglass launches on the mainnet

Follow Updates

Follow Lists

People

Details

Sandglass is a yield tokenization protocol deployed on Solana. It splits yield-bearing assets (such as liquid staking tokens like mSOL and lending receipts) into PT (Principal Token) representing the principal and YT (Yield Token) representing future yield. Users deposit yield-bearing assets to obtain PT and YT, which can be traded separately on its built-in AMM: buying PT locks in fixed income, while buying YT provides leveraged floating yield exposure. The protocol uses oracles and AMM mechanisms for PT/YT pricing and liquidity, serving strategies such as fixed rates, yield hedging, and leveraged yield.

Tags:

DeFi

Derivatives

Ecosystem(1):

Solana

Founded:

2023

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