Hourglass Closes Stable Vault Phase 2 at $1.8B with 26K Wallets
Hourglass Stable vault has closed Phase 2 at $1.8 billion in crypto deposits from around 26,000 wallets. The DeFi protocol initially set deposit caps and KYC requirements, later announcing that each participant will receive a verification link with a 72-hour window to complete KYC. This milestone follows an earlier $1.6 billion threshold and underscores strong demand for decentralized stablecoin yield products. By locking significant liquidity, Hourglass aims to boost yield opportunities and enhance protocol security. Traders should watch KYC completion and future liquidity events, as they may affect market sentiment and DeFi protocols.
Bullish
The closure of Hourglass Stable vault Phase 2 at $1.8 billion demonstrates robust capital inflows and growing confidence in DeFi yield products. The KYC rollout and liquidity lock enhance security and regulatory compliance, which can attract further institutional and retail participation. In the short term, increased deposits may tighten stablecoin supply and support yield rates, while in the long term, strengthened protocol trust and more predictable liquidity cycles could cement Hourglass’s position in the DeFi ecosystem, driving token demand and fostering bullish market sentiment.