1st Edition
November 2024 Nimbus Newsletter
Welcome to the very first edition of the Nimbus Newsletter, where we ride the winds of change, soar through the Sanctum-sphere, and sprinkle some fun along the way. Buckle up because we’ve got Cloud Cards, Creator Coins, partnerships, and community vibes coming in hot!
Product & Technology Updates
Riding the Innovation Cloud
The Sanctum protocol has been on fire since it’s launch, rolling out game-changing updates that blend innovation with real-world utility across the Solana ecosystem.
First up: Liquid Staking Tokens (LSTs)! Whether you’re an investor or a validator, the flexibility of these tokens is making staking smarter, and way more exciting. Sanctum’s LSTs are revolutionizing the way users interact with staking on Solana, offering a dynamic mix of rewards and liquidity. Traditionally, staking meant locking up tokens to secure a network, which restricted access to funds for a set period. But with LSTs, Sanctum enables users to keep their assets fluid, allowing them to stake their SOL without giving up the freedom to trade, spend, or reinvest elsewhere. Users can leverage their staked assets across lending protocols, automated market makers (AMMs), and decentralized exchanges, compounding both security and profit opportunities. As more institutional and retail investors lean into liquid staking, the demand for LSTs is steadily climbing. This makes staking not just a strategy for the patient but also a fast-moving player in the decentralized finance (DeFi) space.
But that’s just the beginning. Sanctum has also introduced Creator Coins, a brand-new way for communities to flourish. Sanctum’s Creator Coins will reshape how communities connect and thrive, empowering creators—whether influencers, entrepreneurs, or innovators—with a sustainable way to monetize their following. Each coin is backed 1:1 with SOL, ensuring liquidity, transparency, and reliability for both creators and supporters. This innovative system goes beyond simple fan interaction by rewarding supporters with passive income, creating a deeper, value-driven bond between creators and their audience. But it’s not just for content creators—musicians, community leaders, and even non-profits can use these coins to fund initiatives, incentivize engagement, and distribute profits back to their supporters.
Want to spend your rewards? Well, Sanctum has unveiled the Cloud Card, the world’s first Solana debit card. Creator Coins seamlessly integrate with the Cloud Card, enabling holders to spend their rewards in over 100 countries, while earning rewards directly through the card, bridging the gap between digital assets and everyday transactions. With this interconnected ecosystem, Sanctum offers a glimpse into a future where cryptocurrency isn’t just speculative but becomes a tool for empowerment, collaboration, and sustainable growth, setting a new benchmark for how we interact with decentralized finance in the real world.
Curious about Sanctum’s latest app updates? Check out @cwchanchan on X for a look! The updated interface offers a smoother, more feature rich user experience, making it easier than ever to manage your assets, and stay on top of your staking activity. See the community’s reactions and watch the demo and check it out for yourself.
Sanctum is demonstrating that crypto can go far beyond mere speculation. With innovative products like Creator Coins and the Cloud Card, Sanctum is building bridges between digital assets and everyday life, making blockchain technology more practical and accessible. Sanctum is poised to play a key role in transforming DeFi into a utility-driven economy that empowers both individuals and communities.
Market Insights & Partnerships
Forecasting Bullish Horizons
October has been a pivotal month for Sanctum as it hit a major milestone, surpassing $1 billion in Total Value Locked (TVL). This achievement places it alongside other Solana heavyweights like Marinade and Jupiter, signaling renewed trust in the Solana network after a challenging period. With Solana’s DeFi sector bouncing back, Sanctum is emerging as a key player in this recovery, fueled by its focus on liquid staking solutions (LSTs) that offer both flexibility and rewards.
Strategic partnerships are central to Sanctum’s growth strategy, including it’s Cloud Card, developed with BasedApp and Jupiter. These partnerships align with Sanctum’s broader goal of enhancing accessibility and practical use for crypto assets. The collaboration with Jupiter, a key player in Solana’s DeFi ecosystem, ensures the Cloud Card taps into deep liquidity pools and cross-protocol functionality, expanding its utility across dApps and other decentralized services. The card also showcases BasedApp’s fintech expertise, providing smooth payment experiences and encouraging adoption among users who might still be new to crypto.
At the institutional level, Solana’s growing appeal is evident. Heavyweight financial entities like Franklin Templeton and Société Générale have launched blockchain-based products on the network, a trend that aligns with Sanctum’s push for mainstream adoption. Through collaborations with platforms like Binance and Bybit – and the release of their own Sanctum LSTs, bnSOL and bbSOL, which together have already surpassed 2 million SOL in stake – Sanctum continues to widen access to staking opportunities, positioning itself as a driving force in the next wave of DeFi innovation.
Community Growth & Engagement
Cloud Coverage with Community at the Core
Sanctum is building its community and fostering growth in a truly unique way, which is evident in the spirit of the community itself. A game-changing approach was choosing to embrace the concept of Earnestness, rewarding the community with a significant portion of their Wonderland Season 1 Airdrop when distributing their new token, CLOUD. Even the name of the token was chosen by the community through a voting poll, so its creation couldn’t be more fitting!
While some capital investors and airdrop hunters didn’t grasp the underlying concept, it makes perfect sense when you aim to cultivate a genuine, caring community. The distribution itself became a lesson, introducing people to a rare value in the crypto world: rewarding true participation, sincerity, loyalty, generosity, dedication, and character. It wasn’t about money. Everyone who received this gift felt a shift within—“Generosity breeds generosity”, as the saying goes.
In time, this attitude actually creates an infinity loop: you take care of the community, and in return, the community takes care of you, forming a perfect symbiotic relationship. Another distinctive feature is that Sanctum truly gave the community a green light to bring all their ideas and projects to life. With their blessing and guidance, Sanctum empowers community members to carry out organic initiatives aimed at excelling the Sanctum experience. This adds more heart and emotion to the outcome, because everything stems from love and gratitude, fostering an authentic community vibe that’s hard to find elsewhere.
So it was only a matter of time before a boom of community-led initiatives started taking place, shaping up, and establishing themselves as cornerstones within Sanctum. These efforts have the potential to unify the community, making it more fun, engaging, and socially rewarding. They are boosting participation, encouraging members to get to know one another, and creating shared symbols that everyone can rally around. Some standout examples include the Research voting, Townhall meetings, Cloudie.so website, Cloudie Emoji Clan, Sanctum NFTs, and healthSOL. All crafted by, and for the community!
All of this is just the beginning! The momentum continues to build, and the project and community are growing stronger with each new initiative, idea, and connection. Sanctum’s approach is setting a new standard for what a truly decentralized, collaborative ecosystem can look like – a space where every member’s contribution is valued, where creativity thrives, and where people feel genuinely seen and heard. Sanctum isn’t just a crypto protocol: it’s a living, breathing community that evolves with the passion, dedication – the Earnestness – of its members. As more people join, share, and contribute to this mindset, the possibilities are endless. In the end, Sanctum is truly creating a movement, and everyone is invited to be a part of it: “The Earnest Shall Build Our New World.”
Future Outlook & Events
Clear Skies and Big Plans In Sight
At Breakpoint 2024, a major Solana yearly event, Sanctum’s Co-Founder FP Lee captivated the audience with Sanctum’s vision for reshaping the Solana ecosystem through innovative financial tools. During his keynote, Lee emphasized that these products are designed to push crypto beyond speculation, focusing on tangible utility and fostering decentralized engagement. His forward-looking insights set the tone for what’s next for Sanctum, as it continues to shape a user-friendly, interconnected financial future on Solana. Attendees left the session energized, with many already buzzing about the expanded possibilities Sanctum’s ecosystem offers to both creators and users alike.
Sanctum’s recent momentum is just the beginning, with exciting developments and key events on the horizon that promise to further expand its impact within the Solana ecosystem. A major focus in the coming months will be the continued integration of Creator Coins and the Cloud Card, aiming to enhance cross-platform functionality and reward systems. Expect to see more creators, influencers, and organizations joining the platform, leveraging tokenized engagement to drive both economic and social value.
Another major event just on the horizon is the much anticipated Wonderland Season 2! With an emphatic and resounding applause focused at the success of Season 1, the community is gearing up to put on their thinking caps and trek through a well designed, and genius set of quests to reach the goals. At this point, we don’t know much about how Season 2 will unfold, but we just got an exciting glimpse of the PET evolutions that have been hinted at since Season 1. They look fantastic, revealing each pet as an entirely new “species” and giving each one a unique character! One thing’s for sure: this season will be one for the books!
And finally, we want to give a big shoutout to the members of the first Sanctum community IRL (In Real Life) meetup, which have gotten underway with a little push from @NYSoul. The first one took place in Indonesia, Surabaya at what looks like a beautiful location. IRL meetups offer unique opportunities for building stronger connections and fostering meaningful relationships within community members. Meeting face-to-face enhances trust and communication by creating spaces for genuine conversations and shared experiences. If you’re interested in attending a future IRL meetup in your area, or you’d like to join the vibrant community online, come say hello on the Discord. See you there! Keep your head in the clouds!
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