[New LST Proposal] cloudSOL

Sanctum LSTs
1

After successfully launching $CLOUD the team is under pressure to provide utility etc. We should removed that pressure off the team and allow them to build and grow Sanctum.

As such I propose $cloudSOL where the LST yield will buy back $CLOUD and distribute it to $cloudSOL holders.

Benefits:

  1. $cloudSOL can also be used to sustainably boost governance power of $CLOUD. Hold both $cloudSOL and $CLOUD and watch the amount of $CLOUD increase therefore increasing governance power over time. All from within your wallet. No need to increase risk via third parties.

  2. Stable buy pressure that provides volumes for liquidity providers who help to maintain liquidity depth which is crucial for any token to survive.

  3. The $CLOUD token will be directly linked to Sanctum’s products which will further align $CLOUD holders with Sanctum.

  4. $cloudSOL holders can benefit from future perks in wonderland.

$cloudSOL which would be similar to $bonkSOL will be an example of the power of LSTs and how LSTs can help to provide sustainability to tokens.

$cloudSOL yield can be further boosted by reinvesting MEV and priority fees into $cloudSOL and the yield from this can further boost the buying and distribution of $CLOUD.

Yield from $cloudSOL can be split between buying $CLOUD and appreciating SOL. The latter will allow integrations into DEFI such as KAMINO Multiply where the yield can further be boosted. KAMINO limits SOL utilization to prevent SOL borrow interest from exceeding LST yield.

Yield can be 50/50 or 60/40 in favour of $CLOUD buy backs. I will let the team make the finally decision of the ratio based on their analytics.

13 Likes
2

I really like this interesting idea!

Once personalised LSTs are available, I can envision this to be made much like fpSOL was made.

Community-run LST that buys-back CLOUD token utilising SOL yields.

2 Likes
3

That would be great as well. The DAO/Community can also use $cloudSOL that buy back $ClOUD and use it to fund activities. This would protect the initial principal and make the treasury sustainable.

4

I’d love to get some incentives to hold cloudSOL too. I think it’ll be like a feedback loop in generating attention into CLOUD as a token.

3 Likes
5

I like the idea of a DCA token. But I wonder if these wouldn’t be more attractive as a split of 50/50 SOL to CLOUD type offering.

Growth of your SOL plus a side of CLOUD could be more interesting to a wider audience than 100% of rewards into CLOUD

1 Like
6

Yes. I had proposds a 50/50 or 60/40 in favour of $CLOUD. I do believe people would want some SOL appreciation.

2 Likes
7

this idea has already been given in discord by many people and me, what is the use of copying from our discord post and putting it here , infact, in june we discussed this

8

this was the write up after discussion

  1. Introducing CloudSOL on Sanctum.so Welcome to the future of decentralized finance with CloudSOL! What is CloudSOL? CloudSOL is a revolutionary new asset on the Sanctum.so platform, designed to seamlessly integrate with the Solana ecosystem. Just like JupSOL and BonkSOL, CloudSOL brings a unique blend of innovation and utility to the blockchain world. CloudSOL is a liquidity-staked token of Cloud tokens staked to Solana tokens, providing enhanced liquidity and earning potential. Why CloudSOL? Seamless Integration: CloudSOL is directly linked to the Solana network, allowing you to buy and utilize it effortlessly. Earn APY: By holding CloudSOL, you can earn attractive Annual Percentage Yields (APY), making your investment grow over time. Cloud Tokens Airdrops: Enjoy Cloud tokens airdrops, giving you additional benefits just for being a part of the CloudSOL community. Governance by Staking: Participate in the governance of the platform by staking your CloudSOL tokens. Have a say in important decisions and shape the future of the ecosystem. Security and Trust: Built on the robust Solana network, CloudSOL ensures your investments are secure and reliable. Revolutionizing LST: CloudSOL in the Solana ecosystem will revolutionize the liquidity-staked token (LST) landscape with APY, airdrops, governance, and stability. How to Get Started? Buy CloudSOL: Purchase CloudSOL tokens on Sanctum.so and become a part of this innovative ecosystem. Stake and Earn: Stake your CloudSOL tokens to start earning APY, receive Cloud tokens airdrops, and participate in governance. Join the Community: Be a part of a vibrant community that values trust, innovation, and growth. Join the community on Sanctum’s Discord at Sanctum.so. Join us in revolutionizing the way we think about decentralized finance and blockchain technology. With CloudSOL, the future is decentralized, secure, and rewarding. Get started today at Sanctum.so and be a part of the CloudSOL revolution!

  2. [9:31 PM]

its just a pitch u can change it whatever u feel ,

2 Likes
9

First of all, I did not copy your idea. Secondly, if you had the same idea, you could have said so and share add-ons if you had any available. No need to be emotional about it.

1 Like
10

hey . sorry u r right. absolutely support you on this.glad we all think alike.

cheers,

bhasky

2 Likes
11

Yeah, its about the ideas and not who came up with it. Good to see us back on track!!

Love the idea and builds a good utility for the token.

4 Likes
12

What a concept! Keeping it all in house. LST yield buying back $CLOUD is so clever.

4 Likes
13

Agreed and will hold a bunch of it!

2 Likes
14

let me know what you think

4 Likes
15

Would one token be bought back or would the yield be split amongst many tokens? Who determines what will be bought back?

Edit:

I now understand the dcaSOL. The user will choose with token to rebuy back with the stake yield.

1 Like
16

This is a good idea Alkine! :saluting_face:

2 Likes
17

I love this CloudSOL idea :bulb:

3 Likes
18

i really like this, we could have some fun too

thinking out loud, it could be broken down into a few dcaSOLs dependant on area of operation

something like

defiSOL (so the tokens could be Cloud & INF of course :rofl:, JUP, JLP, etc)
memeSOL (bonk, wif etc)
stableSOL (USDC, USDT, PYUSD, ISC :eyes: etc)
gameSOL ( SCS Solcasino, plus idle game tokens like KIWI, NANA from the Heist etc)

could also be something incorporated into goverance, proposals to add new tokens into each grouping with possible voting :man_shrugging:

but 100% definately something to explore the practicality of acheiving the desired ease and simplicity of use and management required to maintain etc

5 Likes
19

Something like index fund John?

20

His proposal would be similar to an index. Own defiSOL and get exposure to the top 3 or 5 defi protocols on Solana. TradFi could buy into defiSOL. I’m wondefing defiSOL could become an ETF.

5 Likes