defigen

We've now routed $1B+, seen 2,000+ strategies built, $170M in TVL. As we're headed into this big @almanak week, it seemed like a good time to tell the story of how we got here - and where we're going. You might not know this, but Almanak has been around for a while. We started out four years ago as a DeFi risk manager incubated by @delphi_labs. Simulating protocols like Bancor and Uniswap, we helped them with decision making around protocol design and major governance decisions. For every new client, we were repeating the same process of building agent-based simulations and reports. This gave us an idea: what if we could turn this into a product? An offering that could allow us to bet on the growth of this industry and its increasing need for economic analysis. A few months later we shipped the first version of Almanak's DeFi Simulator - a sophisticated piece of tech that could take any protocol and stress test it under different market conditions. While the platform was useful to us, it turned out the total addressable market for such a product was too small to make a living - we needed to pivot. It was around this time, in early 2024, that Vitalik wrote his piece "The promise and challenges of crypto + AI applications". Paired with the increasing capabilities of LLMs, and the obvious synergies of AI and crypto, the path forward became clear; we would leverage our knowledge of AI, agent-based simulation and DeFi to build the first AI-powered platform for building and deploying DeFi strategies. And so we did. Fast forward to today, and we've come a long way from those early simulations. Almanak Agents have helped users build over 2,000 unique DeFi strategies, raise over $170M in capital for those strategies in Vaults, and routed over $1B USD in assets across a multitude of chains and protocols. All non-custodial, verifiable and on-chain. As we're headed into this next phase of the project, I want to take a moment to thank all of you that have supported us and continue to support us. Whether you are our user, investor, partner or advisor - your support over the years means the world to us. We have big plans for next year. As AI in financial markets is becoming more mainstream, it's more crucial than ever to leverage it to gain an edge. We’re working hard to bring you the complete IDE for DeFi - with a new Backtesting Agent, a Research Team to hunt alpha and analyze opportunities, Strategy Framework V2, permissionless Vaults and plenty more in the pipeline - as soon as we can ship it. Excited to build this next chapter with you all. Thanks for being on this journey with us. /\

Points Season 1 article is now edited with up to date information. We're gearing up full speed for a fiery Q4, with Almanak's TGE & the end of Points Season 1 /\ The AI Swarm developments are extremely exciting & the Swarm will also open up for the broad public this quarter.

New alUSD x @pendle_fi pool: Alpha Edition. I'm in old YT-alUSD pool, what do I do? Here's my YT strategy (low liquidity edition) 1. Use claimable yield of old YT pool to buy into new YT pool (I got in at 14% implied yield and I'm already in profit). 2. Use new claimable yield (generated from old pool) and buy into new YT pool. 3. Sell half of old YT pool holdings a day later and buy into new YT pool. 4. Sell entire old YT pool holdings 2/3 days later (before maturity date) and buy into new YT pool. My thought process: -> Old YT gives 312x leverage compared to new YT at 47x or less, this leverage gives multiplier for points and ACM campaign. -> I'm already in YT burn (PnL -$650), would realize the loss if I sell all at once and would miss out on claimable yield, @almanak points multiplier and Cookie's ACM campaign multiplier for cSNAPs. -> This strat helps me maximize the yield and benefits of both pools. Bonus points for if you have liquidity, just buy into the new YT pool while utilizing the above strategy. Trust me, an Implied yield below 20% is ridiculously discounted, don't fade, it would most likely rise above 25% at the start of stage 3 (October 23rd). Side note: Use @rainbowdotme as your wallet for cheaper transaction fees (<$1), you're welcome.