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Sandglass Review 2026: Trading Tokenized Yield

Sandglass is a yield-trading protocol on Solana and Eclipse that separates yield-bearing tokens into principal and yield components. Its core idea is clear, but key details such as fees, supported markets and audits are not published.

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

4.5/10

Weak

Our verdict on Sandglass

4.5/10

Sandglass may suit experienced DeFi users who want to trade exposure to principal and yield separately rather than hold a yield-bearing asset as a whole. Its clearest strength is this focused yield-splitting model, with operation described on Solana and Eclipse. The main caveat is the lack of published detail: supported markets, fees, custody arrangements and audits are not specified. Check liquidity and transaction costs carefully, and consider the risks of both the protocol and the underlying assets before trading.

Score breakdown

How Sandglass scores

Security: n/a
Ease of use: n/a
Fees: n/a
Features: 5.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Sandglass?

Sandglass is a yield-trading protocol on Solana and Eclipse. It separates yield-bearing tokens into principal and yield components, which users can trade independently. The project is described as built by the Lifinity team.

This structure gives users distinct ways to take a position on an asset's principal value or its yield. However, Sandglass does not publish details about supported markets, fees, custody or audits, so users have limited information for assessing a specific trade and its risks.

How Sandglass works

Sandglass is a yield-trading protocol. It takes a yield-bearing token and separates its principal value from the yield associated with it, creating components that can be traded independently. This general design lets a user choose exposure to the underlying principal, the yield, or both rather than holding only the original token.

The value of each component can change with market conditions and available liquidity. Yield expectations may shift, and a component can be difficult or costly to trade if its market is thin. Sandglass's published description does not specify the supported assets, how each market settles, or the detailed mechanics for individual trades.

4 features

Key features

Yield splitting

The protocol divides yield-bearing tokens into separate principal and yield components.

Separate component trading

Users can trade the principal and yield parts independently, rather than holding only the combined asset.

Two-chain support

Sandglass is described as operating across Solana and Eclipse.

Lifinity team

The protocol is described as being built by the team behind Lifinity.

Pros and cons

What we like

Separates principal and yield, giving users more specific exposure than holding a combined yield-bearing token.
The protocol is described as operating on both Solana and Eclipse.
Built by the team behind Lifinity, according to the project description.

Watch out for

No audits are listed for Sandglass, and its security practices are not described.
Fees and trading costs are not published.
The supported yield-bearing assets and markets are not specified.
Trading principal and yield separately can expose users to low liquidity and changing market prices.

Sandglass fees

Sandglass does not publish its trading fees or other protocol costs. Check any trade screen and your wallet's transaction preview before approving; network transaction fees may also apply.

Is Sandglass safe?

No audit is listed for Sandglass. Without published audit details or a clear description of its custody model, users should treat smart-contract risk as unresolved. Trading also involves liquidity and price risk, and the underlying yield-bearing assets may carry their own risks.

Sandglass does not publish licensing or regulatory details. Check the rules that apply where you live before using crypto trading services.

4 steps

How to get started with Sandglass

1
Locate Sandglass's official app and confirm it is the correct project before connecting a wallet.
2
Use a wallet that supports the network for the market you intend to access, and keep enough of the network's native token for transaction fees.
3
Review the available yield-bearing assets and understand what each principal or yield component represents.
4
Check the trade price, liquidity and any displayed costs, then review the wallet transaction details before approving.

Who Sandglass is for

Sandglass is aimed at DeFi users who understand yield-bearing assets and want to trade their principal and yield components separately. It is less suitable for beginners who need clear information about available markets, costs and security before taking a position.

Sandglass FAQs

Which chains does Sandglass support?

Sandglass is described as operating on Solana and Eclipse. Check that your wallet and the specific market you want to use support the relevant network before making a transaction.

How does Sandglass work?

Sandglass splits yield-bearing tokens into principal and yield components that can be traded separately. This lets users take different positions on the underlying asset and its future yield.

What are principal and yield tokens?

A principal component represents the underlying value at a future point, while a yield component represents the associated yield over a period. Their prices can move independently as expectations, rates and liquidity change.

What fees does Sandglass charge?

Sandglass does not publish fee details. Review any trade screen and your wallet's transaction preview before approving a transaction; network fees may also apply.

Is Sandglass audited and safe?

No audit is listed for Sandglass. Smart-contract, market-liquidity and underlying-asset risks remain, so only use funds you can afford to lose.

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