Hourglass provides a blockchain-based infrastructure for time-bound tokens (TBT), which link the value of digital assets to specific time durations. This technology enables users to create and manage cryptographically secured commitments, facilitating the appraisal and transmission of time as a valuable resource in the digital economy.
Funding
$4.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the decentralized finance (DeFi) space, users often face fragmented liquidity, leading to slippage during trades and suboptimal yields for liquidity providers. Existing yield-stripping protocols can be complex, limiting accessibility and maximizing point exposure for users.
Solution
Hourglass provides a shared liquidity infrastructure designed to optimize yields and reduce slippage in BTCfi. The platform aggregates fragmented on-chain liquidity into vaults, routing assets to markets with the highest demand. This approach boosts trade volume, ensures low-slippage executions for users, and compounds yields for liquidity providers. Hourglass offers Principal Tokens (PTs) for fixed-yield, fixed-term assets, allowing users to purchase them at a discount and redeem them at face value upon maturity. The platform also facilitates leveraged airdrop farming, enabling users to gain higher point exposure for a fraction of the cost through Point Yield Tokens (PYTs).
Target Audience
Hourglass primarily targets DeFi users seeking optimized yields, reduced slippage, and leveraged opportunities in the BTCfi ecosystem, including liquidity providers and airdrop farmers.
Features
- Shared liquidity vaults that route pooled assets to optimize yield and reduce slippage.
- Principal Tokens (PTs) offering fixed-yield, fixed-term assets redeemable at a 1:1 ratio upon maturity.
- Point Yield Tokens (PYTs) enabling leveraged point exposure for airdrop farming.
- Time-boosted vaults that multiply rewards for stakers, with longer boost durations resulting in higher earnings.
- Partnerships with BTCfi protocols to offer products across various risk profiles.