Roadmap Update July 2024

[fplee]

Roadmap thoughts July 2024

We’re trying to build in public more, communicating with the community on what we’re thinking about and building. These are rough and unfiltered notes.

If there is anything here that you resonate with or want to help with, please feel free to reach out!

Three main workstreams:

Improving our existing product suite

We’ve been razor-focused on Wonderland S1 and TGE, and it’s now time to go back and clean up our tech debt and improve our existing products.

Infinity has the potential to be a lot more competitive with Meteora/Orca/Raydium pools, but the fees are currently unoptimised. I have asked Alkine to will start pricing dynamically in real time more aggressively and see how the flows change as a result. This should result in more trading volume which will mean higher yields for INF holders.

Improving our LST launch infrastructure. We currently need to do some manual gruntwork to launch new LSTs. This process needs to be automated before we start radically increasing the number of LSTs (needed for personal/creator LSTs, or all the memecoin LSTs). Currently, wifSOL and other “airdrop LSTs” are distributed semi-manually by the team. We need to start building infra for this too.

There are a few low-hanging fruits we can pick from the Sanctum website: e.g. dark mode, and fixing the very scary “Insufficient liquidity error”. Here is an example of copy we’re currently piloting to fix the issue.

CEX LSTs – too early to give much details, but a lot of CEXes are super interested in coming into Web3 (decentralised meta anyone?) – and we are in talks with quite a few of these folks to set up their own LSTs.

Community

I titled this subheading Community because I am a lot more interested in community rather than token. The token may be a product, but community is what we are really building.

I am most interested in learning how we can work together with the community to supercharge Sanctum’s growth. The transition from working in a small team in private to working in public will not be easy – we’ll try different models to see what works.

We have already seen many awesome contributions come out of the community. Halfa kicked off the Community Grant Pool, James Hanley is currently working on a community proposal, and Bengshark started giving free health checkups at his clinic in Indonesia.

I am so incredibly happy and grateful that we have a group of awesome community members, and I want to help grow this group.

We want to continue communicating the Sanctum Wins. Florian suggested (short) fortnightly community calls, and maybe a (very short) State of Sanctum monthly video. I like this graphic from Jupiter as an example of how we can let people know what we’re shipping.

Broader, bigger things – grand vision

If improving our existing products is 1 to N, this is going from zero to one. This is radically reimagining the scope of what liquid staking can be, and radically transforming what crypto will look like in the process.

For crypto to be successful, we need to keep value on chain, build real value on chain – not yet more cycles of DeFi involution, but real products people will buy.

We start with the Solana economy. The core thesis is that Solana is at the precipice of having enough “power user” SOL holders that are interested in spending their money, not just growing it. Each of these LSTs is meant to be an experiment, posing a question we don’t yet know the answer to. But if the answer to any of these is “yes”, we’re off to the races.

pathSOL, flojoSOL, uwuSOL, raposaSOL → Can businesses bootstrap themselves on Solana? Can we start by selling to Solana-native consumers?

personal LSTs → Will people be willing to support artists and creators by holding their LSTs? Will creators embrace this new meta and provide strong utility for their holders?

usdcSOL, cardSOL → Will people hold the majority of their networth on-chain? Will they want to spend their bags without having to offramp?

We are also thinking hard about what Sanctum Socials / Wonderland Season 2 / Sanctum Verified Partners / CLOUD governance looks like. All of this is super important and we don’t want to build same old same old.

[Halfa]

Great update!

Really proud that the team is taking transparency at the utmost importance!

Am supporting the monthly calls, it’s something that really worked well for JUP.

heyy! healthSOL! I think I’ll visit bengbengsharky when I go back to indo

[Jdd0810]

The idea of focusing in the community it a very important approach. Therefore, as discussed in Discord by community members a few times, it would be nice to have an LST that the APY could be use for some sort of charity. Perhaps, the purpose of FP Sol APY, could be donated for the research and prevention of breast cancer, just an Idea. I also love the fact of having monthly calls (Sanctum Calls). Lastly, as part of the utility of cloud can also be use to vote in upcoming LST adoptions, discussed during these monthly calls. Excited about the future with Sanctum.

J.D. Sol 84

[therealerranmorad]

I think the real grand vision is to make sure almost all of Solana is Staked on Sanctum! “What % of Solana is staked on Sanctum?” could be the one OKR that the team could focus on. What is the biggest idea the team and the community can conjure up to achieve this grand vision?

[Luk4]

Hi Sanctum, my favorite part of S1 were the Quests. I believe it has a huge potential – to build on it, make it even more immersive and to expand the story around and the use of the Pets. This would attract and retain a specific type of ppl.

It also has another aspect to it – you created a platform or at least a channel through which you can interact with your community in a unique way, and that’s also something worth exploring further.

In any case, I am looking forward to what’s coming 🫶🏻

[nik4]

Very nice update,
I think an educational program where an average person, in easy/simple way, could understand the LSTs benefits and how this is working. Must convince ppl to put their SOL to work for them.
Monthly calls must be friendly to newcomers with easy terms and specific time (not so long that become boring).

[n8tr0n]

I’m gonna pee my pants when I see DARK MODE!!!

[Halfa]

LOL!

Its finally coming my friend!!

[Halfa]

Could also lead into future plan discussion and how Sanctum products are better rather than just holding naked SOL.

[n8tr0n]

@fplee I made the suggestion in the suggestions channel on the discord but I want to echo it here.

I think it would pull in more users if the Sanctum platform was even more gamified. Check out the new project by Spaace ( my referral link: Spaace Arena ). It really makes me want to visit every day when I know I can do any number of activities to grow my profile and win stuff. I think many projects, including Sanctum, have proven that gamified protocols really pull in users.

Just a thought.

[Asimsy]

Awesome, can’t wait for more CEXsol’s!

[Azrangar]

Great thoughts. I do think we should do weekly calls or atleast fortnightly. This should be pushed by the DAO so the team can focus on building. So the next focus should be getting the DAO up and running. These weekly calls can give updates and bring on projects/individuals using LSTs. I also think the weekly calls will keep the community engaged and align the community with the team. So get the DAO and governance up and running.

[Jdd0810]

Dear team.

After I suggested sanctum poker at the Sanctum Suggestion - Discord and seen how J and other members show interest towards the idea, I have come up with a plan for which I hope to get some feedback.

I was discussing with Beng, about his Health-SOL idea and how it will be a life changing opportunity. I mentioned about ideas to expand it and then I thought about this. It would be great if the team coul built a poker platform within the Sanctum site, under Health-SOL. Health SOL will host 2 games (tournaments) a month and the entry fee (SOL) will go towards the Health SOL reserve pool for the APY allocated towards Health SOL vision and a set amount for the winner of the tournament. This is I preliminary idea but I believe will bring the community together, help a great cause, ans have fun. Thank you for your time and consideration.

[potamusprime]

Most definitely down for dark mode. Also, I was really enjoying the quests. it was making it so much fun to be a part of the whole Sanctom network. I hope that continues,

[dgen_a]

I think transparency is the most important thing to build trust in support in the team in token.
For the sake of transparency, I propose the team disclose any prior connections to any community members.

[luciotamino]

Yes, I also crave for it! But on the other hand, I think Sanctum’s cheerful aesthetic is perfect, and the dark mode could undermine it a little, it will be a challenge adapting all the images and mood set to this point, to darker shades. I’m guessing this is why we don’t have a dark mode yet…

[n8tr0n]

I think it’s already in the works. If you go to the site and then settings you will see the setting has been already added.

[n8tr0n]

I also want more CEX

[whalekrill]

Related to dark mode (at least in this forum). The icon in the forum header seems inconsistent

1. Not so cute icon (scroll bar at the top)
   
   
2. Cute icon (scroll bar not at the top)