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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

Building capital markets for blockspace

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.

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

Allows consensus producers to hedge or monetize the premium on cash flow from blockspace

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

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

How Silica works

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

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

Research & blog posts

Alkimiya Public Testnet User Guide, Part I.

Alkimiya protocol public testnet user guide....

Introducing Alkimiya Protocol

Introducing the Alkimiya, a permissionless open-sourced protocol for hashpower-backed contracts issuance and structured...

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. ...