Yields are driven by economic activity, so it was no surprise to us when we witnessed the evaporation of on-chain yields with the bear awakening from its short-lived slumber. The collapse of multiple major players, amounting to losses approaching 12 figures, left a massive hole in — moreover, it destroyed…

The voting period for SCIP-3 “Restructuring tokenomics to protect the community” ends later today. SCIP-3 is a slightly tweaked rehash of SCRC-2, which failed to meet quorum when put up for vote last month. Because there are no fundamental differences between the proposals, our stance (laid out here and here) remains unchanged. SCIP-3 will negatively affect long-term token holders, and we oppose it.

The recent SCRC-2 that aimed to restructure tokenomics failed to meet quorum on Jan 24th 2023. Our team at Sandclock decided to abstain from participation and allow the community to review the pros and cons of the situation and vote accordingly. We had previously voiced our opposition to SCRC-2 in…

For some time tokenomics have been at the forefront of people’s minds. Here we will outline reasons for being against this proposal and list what would need to change in order for us to be convinced. The allocations outlined at genesis are not random When the allocations were initially decided…

As another cycle begins we describe below what transpired during the previous one and what was chosen for the next one. Delivery Interface for Multiple Strategies — The bulk of the work is done, some PRs are being reviewed and the time-lock is changing. Also, adapting the Yield Claim modal to…

To start things off, we will vote in favor of the proposal. From its inception the proposal underwent minimal changes, only to the initial parameters suggested by the proposer. Some participants expressed hesitancy around the tax mechanism, and others wondered if it’s too complex. …

Everyone knows Sandclock’s development takes place in cycles. To increase the transparency of our processes, we decided to publish our internal end-of-cycle report, as well as projects selected for the new cycle taking place now. Without further ado… Past Cycle Liquity Strategy The liquity strategy is running on the Mainnet, needed the backend to…

A long time in the making, Sandclock launched September 26th of 2022. This article is about post-launch meditations and the road ahead. The Launch We set our sights on September 26th at 4 P.M. UTC, and at that time, we launched. No turbulence, no bugs. It was the type of launch the…

It has been a long time dear reader, but we have some exciting news to share with you all. Soonclock is evolving into Sandclock! … and a beautiful refresher on the inner workings of the platform. We are launching on September 26th