Hourglass Stable Vault Allocation and Refund Rules

Summary

The article explains an allocation design for Hourglass’s Stable pre-deposit vault. It describes a guaranteed allocation for the first $1,000 of each deposit, with amounts above that threshold allocated proportionally. In the reported phase, 45% of excess deposits were allocated and 55% refunded. The article says refunds are scheduled for unallocated amounts and describes wallet screening and additional review for applications flagged as potentially Sybil-related.

For participants, the design combines a floor for smaller deposits with pro-rata treatment of larger deposits, while the refund process defines what happens to unallocated funds. The article reports more than 10,000 verified wallets and over $1.1 billion deposited, but gives no independent audit, detailed allocation formula, timing evidence for completed refunds, or analysis of how identity checks affect access. Its broader claims about fairness and decentralization are promotional and are not established by comparative data. The mechanism is relevant to understanding token allocation and participation risk, rather than a market-timing strategy.

Key ideas

• The vault guarantees full allocation for the first $1,000 of each deposit, according to the article.
• Amounts above the guaranteed threshold receive proportional allocation, with unallocated excess refunded.
• The reported excess allocation rate was 45%, with 55% of that excess designated for refund.
• Wallet screening and added review for flagged applications are described as anti-Sybil controls.
• The article offers no independent verification of the allocation process or refund completion.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.