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Hourglass

Last updated: Jul 18, 2023

Hourglass is a marketplace for trading Time-Bound Tokens (TBTs). Through TBTs the marketplace will allow users to gain liquidity of their locked up assets by selling the rights of the time duration in a secondary market. Hourglass enables users to earn rewards for long-term alignment and protocols to find committed liquidity.

Seed Round: $4.2 Million

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Overview

Project industry	Finance Services & Banking
Product type	Marketplace
Founded	United States
Whitepaper	Open

What is Hourglass

Hourglass is the first protocol to provide comprehensive infrastructure for time-bound tokens.

Hourglass is currently comprised of two components:

a platform for users to receive time-bound tokens for long-term staking
a marketplace for their native liquidity

Hourglass is thrilled to announce the first-ever marketplace for trading Time-Bound Tokens (TBTs). TBTs are a growing class of tokens that represent staked assets in DeFi protocols that are committed for a period of time. From Lido’s withdrawal queue to Frax’s $200m+ of locked liquidity, TBTs are expanding faster than ever as protocols seek long term liquidity.

Starting today, Hourglass will support everything from the trading of locked frxETH to early exits from Lido’s withdrawal queue. Hourglass enables users to earn rewards for long-term alignment and protocols to find committed liquidity.

The launch of Hourglass marks a new chapter for DeFi. With time-boosted liquidity, protocols incentivize committed liquidity for themselves and the greater crypto ecosystem. Hourglass provides a critical next step in making time-bound tokens liquid and composable with the rest of DeFi.