In-depth Analysis of the Sanctum Project: Tokenomics, Airdrop, and Future Development

Innovation of Liquid Staking

We previously discussed how liquid staking changes asset management in PoS networks. Liquid staking technology issues liquid staking tokens (LSTs) in exchange for staked assets, representing the staked amount and accumulated rewards. The total locked amount of liquid staking has grown rapidly, with Solana's staking rate exceeding 70%, far higher than Ethereum's 27%. However, LSTs only account for 6% of Solana's staking supply, while Ethereum exceeds 40%, providing a significant market opportunity for Sanctum in the Solana ecosystem.

Sanctum's tokenomics

Sanctum adopts a multi-token system to support its ecosystem. To ensure the liquidity of LSTs, Sanctum introduces the Infinity Pool, a multi-LST liquidity pool that allows for swaps between all LSTs in the pool. Users can become liquidity providers by depositing whitelisted LSTs and earn $INF tokens, which can accumulate staking rewards, benefit from trading fees in the pool, and be directly used in DeFi protocols.

The Sanctum governance token $CLOUD controls the capital and attention within the ecosystem. Partners need to stake $CLOUD to qualify for the Sanctum Verified Partner (SVP) program, while $CLOUD holders vote to decide which partners are accepted.

The total supply of $CLOUD Token is 1 billion, distributed as follows:

• Launch liquidity (20%):10% for the first Airdrop, 10% for launching liquidity
• Community Reserve (30%): Managed by the community, used for growth plans
• Strategic Reserve (11%): For ecosystem growth and partnerships
• Team (25%): Allocated to founders and core contributors
• Investor (13%)
• Jupiter LFG(1%)

Token Generation Event and Airdrop

The Sanctum Airdrop took place on July 18, distributing 10% of CLOUD Tokens, with 5% allocated to the capital portion and 5% to the honest portion. A total of 108,185 accounts were eligible for the airdrop. Participants could choose the "Long-term Alignment" method, waiting to claim and receive larger rewards, or opt for the "Sanctum Curiosity" method to immediately claim tokens without rewards.

The community's reaction to the Airdrop was not as expected; some users felt frustrated, especially large $SOL investors who believed they were treated unfairly. The Sanctum team acknowledged that they missed some deserving users and promised to be more diligent in future reviews.

As of July 24, 12.44 million CLOUD Tokens have been claimed, accounting for 24.24% of the total allocation. The Sanctum TGE minted 1 billion CLOUD Tokens, distributed 60/40 to the team and the community cold wallet. The available Tokens in the first year amount to 300 million, of which up to 125 million Tokens are initially circulating.

The Success of Alpha Vault

Alpha Vault is a special feature developed in collaboration between Sanctum and Meteora that allows long-term supporters to purchase $CLOUD tokens at potentially more favorable prices. Participants deposit USDC into the vault and can acquire $CLOUD tokens with a six-month vesting period at a discount price. The Alpha Vault was very successful, with an oversubscription of 416%, demonstrating strong interest and confidence in the Sanctum project.

Future Outlook of Sanctum

exchange listing and DeFi integration

$CLOUD has successfully been listed on major exchanges such as Kraken, Bybit, and Bitget, enhancing liquidity and accessibility. Sanctum has also established partnerships with DeFi platforms like Kamino, Drift, Texture, and Orca, expanding its ecosystem capabilities.

Sanctum Launchpad

The Sanctum project aims to create a Launchpad that supports new projects and innovative products within the community using LSTs. This will foster creative projects and businesses looking to adopt a crypto-native framework, cultivating a vibrant on-chain ecosystem.

Sanctum Profiles V2

The upcoming Profiles V2 aims to redefine identities within Sanctum, allowing users to build reputations and create their own LSTs. This will enable users to monetize their activities in various ways and deepen connections within the community.

Sanctum Pay

Sanctum is collaborating with BasedApp to develop the first debit card supported by LST. By directly converting the staking rewards of cardSOL into USDC, users can make purchases without liquidating their SOL, providing a convenient user experience.

Summary

Sanctum provides an innovative solution to the liquidity issues in traditional staking, significantly enhancing the utility and accessibility of staked assets. Its TVL is approaching $1 billion, integrating with multiple platforms and showcasing growth potential. Sanctum plans to establish a DAO to achieve decentralized governance, ensuring development according to community consensus.

Considering these factors, the $CLOUD governance Token ( has a market cap of 53 million USD, with an FDV of less than 300 million USD ), presenting itself as a protocol worth paying attention to. However, the DeFi space on Solana is highly competitive, and Sanctum must continuously innovate to maintain its leading position.