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The Love Moat

Love is the bridge, but also the moat - the sacred boundary that protects and nurtures what we hold dear. Allow our Founder, FP Lee, to share a bit about the philosophy that fortifies our community, uniting us in purpose and care.
"I believe in doing things the right way. Not just in product execution, but ethically and morally. I have a very strong sense of justice and rightness: that good people should win, that it's better to do things right, than to win at all costs. I'm quite idealistic in this way. This is both a strength and a weakness."
"I want Sanctum to 'make crypto earnest again', or at least if we can't do that, gather the earnest under our umbrella and make them rich and happy and fulfilled. With the TGE we were trying to show the whole world that a better, more ethical TGE is possible. "
"When they know Sanctum, let’s make sure they also learn the story of Sanctum — the story that isn’t just 'this team made a lot of money for investors', but rather the story of Sanctum conducting a free and fair launch, uplifting the earnest, changing peoples’ lives, no listing fees to CEXes, overcommunicating. Let’s make sure people learn that you can treat everyone fairly, without fucking over anybody, and still win."
"The only moat that we can build — the only moat that is worth building — is love. When people love you and believe in our mission, they will fight for us, they will forgive us, they will root for us."
"In our dealings with our customers, partners and community, we must make sure that we treat them with the utmost respect. Love them, celebrate them, be grateful for them." "If I were to sum it up, it’s to be earnest in everything we do. Be earnest in shipping world-class products, be earnest in how we treat everyone we meet."
"Unlike capital and time, earnestness is subjective, and hard to measure. But what are we here for, if not to solve hard problems?" "We're building a brave new world. that's REALLY scary, and so every single real user that we onboard is precious." "We need to find these bad actors and zero them out. The better we can do that, the more we can reward the users that actually want to build this new world together. Then we can make them very rich and happy, and fulfill our end of the bargain."

Earnestness and the Gift Economy

"What exactly is Sanctum? It’s not just another “liquid-stake protocol” on Solana, and their actions show why it’s more than that. Their scope is expanding, and their partnerships with other protocols and projects demonstrate their ambition to build something much greater, and to make crypto a better place for everyone."

"Sanctum offers something unexpected: a Philosophy. A set of principles and values that shape its identity. It becomes clear that Sanctum is indeed like a clan, a family, a school, a sanctuary."

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@n8tr0n

To get the most out of me, ask clear and specific questions to explore blockchain, staking, and the lore of the Guiding Winds. Engage in conversations, request analogies, and don’t hesitate to ask for clarifications if needed. I evolve with community input, so contribute to my growth through thoughtful interactions. Stay curious, and let me guide you on your journey through the realms of blockchain knowledge!

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CloudieAI v1.0.0

Glossary of Terms

A

APY - (Annual Percentage Yield) The rate of return earned on an investment over a year, including the effect of compounding interest.


B

Blockchain - A shared digital record that keeps track of transactions in a secure and unchangeable way, managed by a network of computers instead of a single authority.


L

Liquidity - The ability to quickly and easily convert an asset into cash or another asset without causing a significant change in its value.

LST - (Liquid Staking Tokens) Tokens you get for staking, letting you earn rewards while still being able to trade or use your staked value in Defi and other activities.


P

Pool - A collective fund where users combine assets for purposes like staking, liquidity provision, or mining, sharing rewards proportionally.


S

Stake - Noun: The amount of cryptocurrency locked in a network to support its operations, such as validating transactions or securing the blockchain.

Stake - Verb: To lock up your cryptocurrency in a network to support its operations and earn rewards.

Staking - The process of committing your tokens to a blockchain network to support its operations, such as validating transactions, in exchange for rewards or interest.

Staking Rewards - The rewards you receive for locking your cryptocurrency in a network to help secure and validate transactions.

Swap - Exchange one cryptocurrency for another directly, often using a decentralized exchange or wallet feature.


U

Unstake - The process of withdrawing your staked tokens, making them available for use or trading again.


V

Validator - A participant in a blockchain network responsible for verifying transactions and adding them to the blockchain, often earning rewards for their work.

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