This post’s goal is to discuss and propose possible utility options for cloud
What Drives CLOUD’s Value Today?
A. Speculation
Some treat CLOUD as a proxy investment in Sanctum. Since there’s no direct way to invest in the protocol, CLOUD becomes the next best thing.
There’s also speculation that revenue sharing or deeper value accrual might be introduced one day.
B. ASR Rewards (Active Staking Rewards)
Staking CLOUD gives very high ASR, which has led to:
Borrowing CLOUD just to stake and farm.
Treating it as a short-term yield farming tool.
This works for now, but let’s be honest — these returns are unlikely to be sustainable long-term. Once ASR cools off, the incentives weaken significantly.
C. Governance-Driven Buys
When an important vote goes live, people buy CLOUD to participate.
But most votes aren’t really controversial or high-impact — so buying pressure is inconsistent, and volume stays in general.
The Core Question: Why Hold CLOUD?
Right now, there’s little incentive to hold CLOUD other than to farm more CLOUD or wait for votes. And even in governance:
Voting “yes” = Buy CLOUD during the vote
Voting “no” = Hold sCLOUD and sell it during the vote
This makes long-term holding irrational. Most users only act when there’s a vote or a yield opportunity.
Without deeper utility, CLOUD is reduced to a farm-and-dump asset.
But Sanctum Has Momentum — Especially with INF performance recently ,tvl growth and revenue growth
It’s worth noting: INF is doing extremely well right now. Adoption is growing, integrations are expanding, and Sanctum is positioning itself as a major player in the LST space on Solana.
This growth presents a huge opportunity.
CLOUD could be part of that momentum — if it’s integrated meaningfully into Sanctum’s core products.
Instead of being a side token for voting, CLOUD can become a key to unlocking value within the ecosystem, especially tied to INF.
Ideas to Build Real Utility for CLOUD
Here are some ideas to give CLOUD long-term value by tying it into the Sanctum ecosystem:
1. Priority Access to Yield Products (INF-Focused)
Holding sCLOUD could grant access to:
Special Kamino SOL pools with fixed borrow APYs.
Designed for low-risk INF looping, capped if necessary.
Access could be whitelisted based on sCLOUD balance.
This aligns CLOUD utility directly with INF’s success and would create real demand from power users.
2. Lower Slippage or Fees on LST Swaps
Following Jupiter’s lead, sCLOUD holders could get:
Reduced slippage or better fees on Sanctum swaps.
Could function as indirect revenue sharing.
Implementation could involve rebates or routing boosts.
This makes sCLOUD more valuable for active traders and LST swappers or even arbitrage traders.
Conclusion
CLOUD was built for governance — but today, it’s mostly used for farming and speculation.
With Sanctum’s growth, especially through INF, there’s a real chance to turn CLOUD into a powerful, integrated utility token — one that unlocks real value across the platform.
If done right, CLOUD could go from being optional to being essential — not just a governance token, but a core part of the Sanctum experience.
Would love to hear:
What kind of utility would make YOU hold sCLOUD long-term?
Disclaimer these are some things I feel would be useful. I have no technical background and I for sure try to help and not hate on the team. What I propose are just examples and my goal is to raise awareness on the lack of usecases and utility for cloud which result in less buy pressure and decouples it from Sanctum imo
Their governance token is also a revenue sharing vehicle. But if you read carefully I don’t propose straight revenue sharing.