Hemi and Hourglass Begin Collaboration on Time-Bound Token Markets

TL;DR:

Hemi and Hourglass have joined forces to help users trade time-locked tokens and earn better yields through specialized markets.

Hemi and Hourglass are working together to expand liquidity options for time-bound and semi-fungible tokens. This collaboration brings together Hemi's infrastructure with Hourglass's RFQ (Request-for-Quote) marketplace and Boost platform.

Hourglass maximizes restaking rewards by time-boosting a user’s stake and thus earning them leveraged points. Time-bound tokens (TBTs) are receipts that can be redeemed for the underlying asset and its yield at maturity. TBTs are minted after staking into a time-boosted vault, where users earn rewards for committing their liquidity. This means that users on Hemi will be able to deposit into Hourglass vaults to maximize the amount of points they earn from, both, Hemi and the asset-issuer. Hourglass will also offer a specialized RFQ marketplace that connects protocols with market makers who can price these time-sensitive assets accurately.

This work addresses a key challenge in decentralized finance - providing liquidity for tokens that can't be pooled in traditional automated market makers. The Hourglass RFQ system settles transactions through Seaport and can be accessed via the Hourglass SDK.