#### What is Quartz? Quartz (QUARTZ) is the governance token of the Sandclock ecosystem, a multichain [DeFi](https://www.coinbase.com/learn/crypto-basics/what-is-defi) platform that aims to create ultra programmable money by leveraging advanced [yield](https://blog.coinbase.com/around-the-block-7-understanding-yield-farming-and-the-latest-developments-in-defi-ef9f1ac910fb) generating strategies. Sandclock's unique approach allows users to split their principal from yield and subdivide either of them to create their own strategies, unlocking the programmability of capital. The QUARTZ token is used to propose and vote on proposals made on the [DAO](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/decentralized-autonomous-organization--dao-), giving holders the ability to influence key aspects of the project, including treasury management, partnerships, and [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol) parameters. #### How does Quartz work? QUARTZ operates within the Sandclock ecosystem, serving as the governance token. Holders of QUARTZ can propose and vote on various aspects of the project, including how to allocate the fees collected by the protocol, suggesting partnerships with other protocols and organizations, and proposing and modifying new or existing parameters for the protocol’s pools. The governance process is designed to be inclusive and democratic, aiming to give all QUARTZ holders a voice in the direction of the project. To mitigate the high [gas](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/gas-fee) costs associated with on-chain governance, Sandclock's DAO resides on the [Polygon](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/polygon-) network. #### What are the potential use cases for Quartz? QUARTZ has a wide range of potential use cases within the Sandclock ecosystem. It can be used to propose and vote on changes to the protocol, including how to allocate the fees collected by the protocol, suggesting partnerships, and modifying the protocol’s pools. This gives QUARTZ holders a significant degree of influence over the project's direction. Additionally, QUARTZ can be [staked](https://www.coinbase.com/learn/crypto-basics/what-is-staking), allowing holders to earn rewards over time. The token's use cases are designed to incentivize active participation in the Sandclock ecosystem, fostering a community-driven approach to decision-making and development. #### What is the history of Quartz? Quartz is the governance token of the Sandclock platform, a multichain DeFi platform that was developed with the goal of creating ultra programmable money. The Sandclock team has put a significant amount of time and effort into ensuring compliance, seeking licenses, redesigning the [crypto](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) UX/UI from scratch, and integrating insurance into their products. The QUARTZ token was introduced as a means of facilitating governance within the Sandclock ecosystem, giving holders the ability to propose and vote on changes to the protocol. The team's focus is on onboarding the next 50 million non-crypto users to [web3](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/web3), demonstrating a commitment to expanding the reach and accessibility of cryptocurrency.