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Hourglass is the first-ever marketplace for trading Time-Bound Tokens (TBTs). TBTs are a growing class of tokens that represent staked assets in DeFi protocols that are committed for a period of time. From Lido’s withdrawal queue to Frax’s $200m+ of locked liquidity, TBTs are expanding faster than ever as protocols seek long term liquidity. Starting today, Hourglass will support everything from the trading of locked frxETH to early exits from Lido’s withdrawal queue. Hourglass enables users to earn rewards for long-term alignment and protocols to find committed liquidity.