Blockspace is the most important commodity of the next era
Alkimiya is a permissionless protocol that makes the economics of the blockspace accessible to the broader DeFi universe.
Launch Alkimiya
Launch Alkimiya

Building capital markets for blockspace

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Blockspace producers participate in mining or staking to earn rewards
These cash flows represent the native economic activities accrued on the blockspace. However, the miners and validators are burdened with increasing expenses. Without effective tools to manage the risks, they are fully exposed to market risks.
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The yields across the DeFi landscape today come from volatile sources
Meanwhile, the yields across the DeFi landscape today predominantly come from volatile sources. In order for the deployment size in DeFi to scale, the yield needs to come from stable and reliable sources of cash flow.

Introducing Alkimiya

Alkimiya bridges two parallel worlds

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Allows consensus producers to hedge or monetize the premium on cash flow from blockspace
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Uses the cash flow accrued from blockspace as financial legos to construct high quality yield sources

Silica is a commodity swap between the sellers and the buyers of consensus production

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Blockspace producers use Silica to hedge against production risk or monetize on their resources
In this case, Silica represents a swap between the upfront payment that the buyer agrees to purchase the contract with and the mining rewards produced by the amount of hashpower specified during the contract period.
Explore Silica
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How Silica works

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Uses the cash flow accrued on blockspace as a source of sustainable yield

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Hash Vaults are pools of Silica that contain additional payout logic
In the most simple terms, HashVault can be viewed as a portfolio of Silica, in which multiple bilateral contracts are restructured into other forms of yield generating assets (e.g. fixed-income bonds, convertibles, perpetual swap, DAO payouts).

Unlike most yield generating products collateralized by a basket of coins, the cash flow of a HashVault is secured by the underlying hashpower, which represents the economic activities accrued on the blockchain.

How HashVault works

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Research & blog posts

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Alkimiya Beta User Guide
Alkimiya protocol public testnet user guide....
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Introducing Alkimiya Protocol
Introducing the Alkimiya, a permissionless open-sourced protocol for hashpower-backed contracts issuance and structured...
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Consensus Capital Markets
All economic activities on public blockchains settle on blockspace. Consensus producers, such as miners and staking validators, supply blockspace, while every transaction demands blockspace. ...
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