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Alkimiya

Last updated: Jan 23, 2023

Alkimiya provides a protocol for miners and staking validators to lock in upfront revenue to fund future production. This is designed to manage the risks of fluctuating cash flow, exacerbated further when liquidity is scant across decentralized finance (DeFi) ecosystems. Its aim is to provide a source of cash flow that is independent of the overall liquidity across DeFi ecosystems.

Funding Round: $7.2M

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Overview

Project industry	Crowdfunding & Lending
Product type	Protocol
Founded	United States
Whitepaper	Open

What is Alkimiya

The protocol derives its revenue from allowing depositors to gain a portion of rewards generated from mining and staking activities from block space producers – referring to entities that utilize massive computing resources to participate in mining or staking to earn rewards.

Among Alkimiya's products is Silica, which 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 hash power specified during the contract period.