What is Hourglass?

Hourglass is an institutional-grade infrastructure platform that provides access to stablecoin yield through a transparent on-chain mechanism. The platform aggregates deposited stablecoins into shared liquidity pools and routes them to markets with the highest demand for borrowing, generating yield for liquidity providers. To participate in the early access program, users complete KYC via Sumsub, after which their funds (at the time of information gathering, USDC on Ethereum) may be deployed through an institutional partner. Following the launch of the Stable mainnet, the deposits are converted into iUSDT and become available for withdrawal via the LayerZero bridge.