TechFlow reports that Sanctum, a liquid staking protocol in the Solana ecosystem, announced on X that Alpha Vault will open deposits from 20:00 Beijing time July 16 to 18:00 July 18. Participation is not first-come-first-served, and the corresponding CLOUD tokens will vest over six months.
Sanctum stated that the starting price of CLOUD will be determined by the amount of USDC deposited in the Vault, with a maximum purchase cap of $7.5 million or 50 million CLOUD tokens. The price of CLOUD will start at $0.001 and rise up to $0.5 on the LFG Curve. If USDC deposits exceed $7.5 million, CLOUD tokens will be allocated proportionally, and excess USDC will be refunded.
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