Solana

😶‍🌫️ Is the future lies in earnestness?

As is often the case with projects with a linear airdrop distribution, Sanctum has had a mixed reaction from the community.

Without going into details, the average user only got a tiny bonus on investments, about 1% for a month of holding liquidity on the platform. With some simple maths, we can see that the APR is around 12%, which is roughly the same as we can get for holding stablecoins in lps.

But it's only the first impression. In reality, it's a lot more complicated and it has prompted me to reflect on some issues, and I am eager to share my thoughts. These observations are not exclusive to Sanctum, but extend to the broader realm of drops and LSTs.

My thoughts here ⏬

😶‍🌫️ Is the future lies in earnestness?

As is often the case with projects with a linear airdrop distribution, Sanctum has had a mixed reaction from the community.

Without going into details, the average user only got a tiny bonus on investments, about 1% for a month of holding liquidity on the platform. With some simple maths, we can see that the APR is around 12%, which is roughly the same as we can get for holding stablecoins in lps.

But it's only the first impression. In reality, it's a lot more complicated and it has prompted me to reflect on some issues, and I am eager to share my thoughts. These observations are not exclusive to Sanctum, but extend to the broader realm of drops and LSTs.

My thoughts here ⏬  https://teletype.in/@aumei/snctmthghts_en