Crypto startup Hourglass released the first-ever marketplace to trade Time-Bound Tokens (TBTs) – a unique concept that tokenizes a user’s staked assets in a decentralized finance (DeFi) protocol based on its lock-up time period.
The idea behind the marketplace is to allow users to trade their place in line for their locked up assets – essentially transferring a user’s ownership of an asset that has been locked in a protocol to another buyer. “You can basically take a time bound token and then you can easily transfer ownership of it,” said Charlie Pyle, founder of Hourglass.
Hourglass’ marketplace launch comes as Lido’s Version 2 deployment takes place this week.
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