According to BlockBeats, Solana's liquidity staking protocol Sanctum has announced that its Alpha Vault will be open for deposits from 20:00 on July 16 to 18:00 on July 18, Beijing time. The deposit process will not follow a first-come, first-served basis, and the corresponding CLOUD tokens will be vested over a period of six months.

The initial price of CLOUD will be determined by the amount of USDC in the Vault, with a maximum purchase limit set at $7.5 million or 50 million CLOUD tokens. The price of CLOUD will start at $0.001 and can rise up to $0.5 according to the LFG Curve.

If the deposited USDC exceeds $7.5 million, CLOUD tokens will be distributed proportionally based on the deposits, and any excess USDC will be refunded.