James Hanley

Chief Whiteboard Explainer

INF | Generalist at @sanctumso

Prev: @DriftProtocol, KPMG

[James Hanley @JamesHanley]

Good news. I've joined @sanctumso ☁️

18 months ago (around 6-months before TGE), I stumbled across Sanctum while researching the Solana ecosystem.

At the time, Sanctum didn't have many eyeballs on it and their docs left much to the imagination (sorry, fellas😅). As fate would have it, I'd just suffered an injury which gave me a lot of unexpected free time to sink my teeth in.

Determined to figure out what Sanctum was, I read the docs back to front but just wasn't getting it. So I sat down in front of the whiteboard one afternoon and things started making sense.

I figured I might not be the only one trying to wrap their head around Sanctum and so decided to share my whiteboards on Twitter. 'Whiteboard guy' was accidentally born.

Not long after, I left my corporate career and jumped into the Solana ecosystem at Drift. All the while, I kept in touch with the Sanctum team and continued contributing where I could - governance, feedback and so on.

When the guys suggested I come across to Sanctum, I didn't hesitate.

Why Sanctum, why now?

There are three reasons:

One
Sanctum fundamentals are literally up and to the right: TVL, top-line revenue, gross-margin and entirely new product verticals. Sanctum has been one of the most underrated teams in the Solana ecosystem while at the exact same time has quietly and consistently exceeded expectations.. Well, most expectations (Wonderland season 2). Today, Sanctum is the 4th largest protocol on Solana, 18th in all of crypto (TVL) and is rocketing up the ranks.

Two
The team is awesome:
- HY & the engineers are gigabrains
- @YouKnowEno was born with a microphone in hand
- @0xF812 is my favourite Korean
- @cwchanchan is Solana's best designer🐐
- @eggpanned does a tremendous amount, quietly
- @soleconomist is one of the most high integrity (earnest) people in crypto.

Three
The tailwinds are indisputable: DATs, ETFs and growth of the Solana ecosystem is all rocket fuel for Sanctum. There could not be a better time to be rolling up sleeves to help.

What I'll be doing
My first mission will be taking up the helm of INF and working closely with @alkineee to explore how we can better optimize INF for LP's, partners and Sanctum. In short, make INF the best place to grow your SOL.

In addition, I'll be looking after the Cloud Holder Relations initiative including the Sanctum Quarterlies and will have my hands in plenty of other things.

Next stop
I'll be flying the Sanctum flag in Korea next week, and then in Singapore the following. Hope to see you there 🫡

Good to be home ☁️☁️☁️

[James Hanley @JamesHanley]

@_offmylawn @sanctumso 🤝

[James Hanley @JamesHanley]

Chatting with the chads at Raiku on their new rkuSOL launch - @sanctumso

https://t.co/8UFhTjtDlw

[James Hanley @JamesHanley]

@therealchaseeb How. Dare. You. 😤

[James Hanley @JamesHanley]

@burger606 @alliance burger bob about to single handedly prevent population collapse

[James Hanley @JamesHanley]

@solana fkn beautiful :') @YouKnowEno @simonmolitor👏

[James Hanley @JamesHanley]

@JupiterExchange Banger

[James Hanley @JamesHanley]

@vibhu @Pedromiranda Vote for pedro.

[James Hanley @JamesHanley]

@therealchaseeb @YouKnowEno Looking large, @NicFury 🤣

[James Hanley @JamesHanley]

@timahhl @solana Unreal

[James Hanley @JamesHanley]

@cjoye It's an absolute mess. Nightmare fuel for anyone young trying to invest for their future.

[James Hanley @JamesHanley]

@clairlemon Or:
Flat % tax rate, 15% or 20% for everyone;
No CGT like singapore.

Australia would attract so much capital, family offices, funds, founders, investment in productive sectors (i.e. not property ponzi speculation). It would be incredible.

[James Hanley @JamesHanley]

https://t.co/aObumdNqov

[James Hanley @JamesHanley]

@MaksimXBT @SolanaFloor @sanctumso Sanctum doesn't earn on transactions. Sanctum earns primarily based on TVL (staking yields).

[James Hanley @JamesHanley]

@0xSoju Future of france

[James Hanley @JamesHanley]

It is "the leading liquid staking infrastructure protocol on Solana", Mr. (re)searcher.

Let me help you with your (re)search:
- Infinity (INF) handles some 30% of all LST swap volume on Solana = 2m TVL
- The Router does lots of wrapping and unwrapping LSTs atomically
- The Reserve has an idle pool of ~600,000 SOL just for LST and stake account instant unstakes

Sanctum's core LST as a service business has ~14m SOL of staked SOL today (up and to the right), 16.8m SOL of TVL across our whole staking stack.

[James Hanley @JamesHanley]

@zoecabina @DrewPavlou +1

[James Hanley @JamesHanley]

@SolanaFloor @solanamobile @sanctumso Nice work, SF team. Can't believe I hadn't seen this until now 😅⛅️

[James Hanley @JamesHanley]

@DogsGunsandBTC @eadatt Yes.

[James Hanley @JamesHanley]

@harkl_ Big lad outing himself 💪

[James Hanley @JamesHanley]

@SluzbaWieziena @teslaownersSV This is chart crime of the worst kind 🤦‍♂️