According to BlockBeats, on July 18, Solana ecosystem liquidity staking protocol Sanctum stated that Alpha Vault is currently oversubscribed with deposits of US$11 million, and users can still deposit and withdraw until about 1 hour before release.
According to BlockBeats, Alpha Vault will open deposits from 20:00 on July 16 to 18:00 on July 18, Beijing time. It is not a first-come, first-served basis, and the corresponding CLOUD tokens will be vested within 6 months. The starting price of CLOUD will be determined by the amount of USDC in the Vault, and the maximum purchase limit is US$7.5 million/50 million CLOUD.
According to BlockBeats, the price of CLOUD will start at $0.001 and rise to $0.5 on LFG Curve. If the deposited USDC exceeds $7.5 million, CLOUD will be distributed in proportion to the deposit, and the excess USDC will be refunded.