You forced us out of stealth mode, you begged us for more, and you created one of the fastest growing communities the crypto space has ever seen, all in a matter of a few days. So here we are with the article you have all been waiting for.
Welcome to Sandclock. We are not just any DeFi protocol. Rather, we are a mission-driven organization, and we are making waves across the DeFi space. Here, we will walk you through our mission, products, and plans, but our vision is much greater than what we could possibly paint in just one article. Thus, some exciting secrets will be reserved for future articles, and for those who can read between the lines, there are hints scattered throughout, so pay close attention.
⌛tl;dr
Sandclock is building the tooling that will leverage crosschain {DeFi strategies with built-in insurance, payment rails, and novel governance and tokenomics models} to enable seamless transfer of value across the web. From zero-loss, positive-sum donations that amplify your contributions for the greater good, to facilitating frictionless payments and aggregating yield crosschain, Sandclock is an exciting project actively working towards elevating itself by building within regulatory frameworks and enhancing user experience (UX) and interface.
💞Sandclock’s Mission
Sandclock is going to onboard everyone to crypto.
Gone are the days of crypto existing only as an exclusive club with a steep barrier to entry. Crypto-natives will always be out there making moves, but now, Sandclock is opening a door to the rest of the world too. We will bridge the deep divide between crypto-natives and those who can just about navigate a computer. We say the more the merrier.
This space is riddled with barriers to adoption — legal yes, but also exacerbated by subpar UX. The latter is within our control and Sandclock aims to correct this issue by providing a clean experience with an elegant and intuitive interface. For those who are not native to this space, Sandclock is creating and integrating the chain agnostic tools to onboard and automate the UX — it is the perfect testbed for them.
There has been little altruistic innovation in DeFi, so we decided to use our expertise and develop the next generation of crosschain yield optimizers with the option to donate your yields to causes that are important to you. Leveraging this, we created a system that not only amplifies donations, but does so without ever emptying your pockets. That means more money for causes that are close to your heart at no actual cost to you. A zero-loss donation & perpetual endowments. Does it sound too good to be true? It’s not. Check out Our Vaults below to learn how we do it. In the meantime, we’ll paint you more of our vision.
🎓The Rationale
The charity market in the US alone is worth $400 billion a year. And the inheritance market is worth another $700 billion a year. Those are some big numbers. We will reach out to worthy organizations and charities to ensure that our message spreads far and wide.
Of course you can still use Sandclock as a “normal” crosschain yield optimizer that is fully insured — it is a novel product on its own — but that is precisely why we baked governance into our mission. We want to incentivize users who are charitable. So, in order to participate in governance, there are two routes you can take: you either buy our token, or donate some or all of your yield. You can even donate both the principal and yield to maximize your donation.
The greater the impact of your donation, the greater your voice and your share of the protocol, for as long as your deposit lasts.
As innovative as Sandclock is, we are not simply creating our own tools from scratch. We are taking existing products and integrating them into our platform. But we give back. Every product that we integrate will be official partners of Sandclock and are actively collaborating with our team in order to reduce risk for our users and create a sturdier and more resilient ecosystem that will survive the test of time.
🔐Our Vaults
Much like other yield aggregators, Sandclock is a collection of risk-adjusted vaults.
We employ true crosschain strategies across all Ethereum Virtual Machine compatible chains, as well as chains that otherwise have secure bridges to Ethereum.
Unlike other projects that boast about crosschain features, only to disappointingly have nothing more than a crosschain token that rewards activity in two or more chains, Sandclock’s strategies rely on a myriad of chains — and for that, we leverage Connext’s state channels for Layer 2 (L2) composability, and other ways to bridge the chains, such as xDAI’s OmniBridge, or Terra’s Shuttle depending on the strategy.
We have risk-adjusted vaults.
Each vault will have an arbitrary risk rating. This does not refer to the loss of principal, or even smart contract risk (as they are insured), but rather, the volatility of the underlying assets. That being said, the assets and protocols Sandclock will work with will be vetted by the team, and will only feature relatively stable assets that are unlikely to incur significant impermanent loss, if applicable to the strategy.
We are fully insured.
By the time we launch we will have undergone a full audit by a top tier auditing firm. As a result, we have partnered up with a well-known up and coming insurance protocol. This means your yield will be automatically used to pay for the small insurance premium on L2. No longer will you need to think about smart contract risk with us!
However, there’s more!
In order to ensure that the yield generated will always be enough to purchase cover against smart contract risk, our vaults will be split into two components:
- A fixed-yield component to fully insure against smart contract risk, adjusted to cover against impermanent loss when need be;
- A variable-rate strategy with a higher, but more volatile potential upside.
But there is one caveat. Because we are deploying capital using crosschain through the use of bridges, each vault will have user-adjustable time-locks — you must choose the length of your deposit from the very beginning and commit to it. It’s okay to be an ape, to swing freely from one branch to the next, but do so with conviction! 😉
In the future, we will be introducing our founding members, diving deeper into the technology behind Sandclock, and so much more. All will soon be revealed. Follow Sandclock on our socials for updates.
We’re thrilled that you’re here. Sandclock is just getting started, so prepare yourselves for what’s to come.
Coming Up…
- Charity Mining
- Tokenomics & Governance features — how they all tie together to align incentives
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Warning: Sandclock has not yet released a token. Anyone trying to sell you a token on Sandclock’s behalf is a scammer.
