Sandclock

What is Sandclock?

Sandclock is the world’s first trustless wealth management platform. High-net-worth individuals (HNWIs) often rely on opaque wealth management platforms operated by multiple layers of third parties to allocate their capital to specific asset classes and generate returns on idle capital. Sandclock, however, offers a more elegant, trustless, and sustainable alternative.

Sandclock allows users to split their deposits into principal and yield automatically, further subdividing and streaming them in real time to various destinations trustlessly, leveraging smart contracts' composability. Users have four options for allocation: Keep, Give (donate to a not-for-profit), Invest (allocate to an asset), and Custom (allocate to another wallet or smart contract).

Sandclock Supported Strategies

Sandclock focuses on bringing safe, sustainable yield through curated strategies, disclosed with risks and success conditions. Strategies are divided into v1 and v2, with v2 following the ERC4626 Vault standard for improved functionality.

v1

• Amethyst Utilizes Liquity Protocol to generate yield through a credit system, with profits reinvested into the strategy for compounding returns. Backend mechanisms involve liquidation strategies and dynamic asset allocation to optimize yield generation.
• Jade Akin to Amethyst, harnesses Liquity Protocol to generate yield, but exclusively in LUSD. The strategy entails swapping all generated yield into LUSD and redepositing it back into the strategy. By focusing solely on LUSD, Jade offers a specialized approach to yield generation within the Sandclock ecosystem. This distinct strategy ensures a tailored experience for users seeking exposure to Liquity's credit system and LUSD yield opportunities.

v2

• Opal (scUSDC) Leverages Ethereum staking and lending markets to generate consistent returns in USDC. Utilizes a dynamic allocation algorithm for optimal asset allocation among lending protocols.
• Emerald (scETH) Maximizes returns on ETH deposits through leveraging staking and lending mechanisms, with flexible asset allocation based on real-time calculations.
• Amber (scLUSD) Operates similarly to Jade but diverges in structure as an ERC4626 Vault. Upon depositing, users receive scLUSD ERC20 tokens. The strategy mirrors Amethyst and Jade by leveraging Liquity Protocol to generate yield. However, Amber's distinction lies in its vault structure, offering users an alternative option for accessing Liquity-based yield opportunities within the Sandclock ecosystem while providing a secure and efficient method for managing deposits.

QUARTZ & The DAO

Implements a decentralized autonomous organization (DAO) model to govern Sandclock. The $QUARTZ token represents governance rights and fee capture mechanisms, contributing to the protocol's decentralization roadmap through staged implementations, including Snapshot, SafeSnap, and on-chain DAO.

Partners

Sandclock's partners: Aave, Lido, Starknet, Compound, and Morpho.

Project Development

In January 2024, Sandclock provided a comprehensive overview of its developments in 2023 and outlined upcoming initiatives. Notable updates included the launch of active vaults such as ScEth (Emerald), scUSDC (Opal), and ScLUSD (Amber), all compliant with the 4626 standard. Anticipated launches for Q1 2024 encompassed staking, yield streaming, dollar-cost averaging, testing ScETH on Arbitrum, and bridging to Starknet. Security measures were reinforced through additional audits and formal code verification.

The project also pursued insurance registration and SOC-2 compliance, aiming to become the first DeFi platform with SOC-2 certification. Progress was reported on TaxWraps, scETH ETF exploration, and partnerships for real-world assets. Opus, a forthcoming credit protocol, was introduced as a potential game changer. Sandclock proposed burning 30 million QUARTZ tokens previously allocated to Charity Mining, aligning with its evolved vision. A concerted marketing effort, led by a Web3-native agency, aimed to enhance awareness of Sandclock's benefits in 2024.