Almanak

Almanak is a new DeFi Agent Platform to help users invest in crypto markets automatically. Think of these AI agents as smart crypto trading bots that work for you 24/7. With Almanak, you can create and launch your own autonomous strategies. It’s like what a pro quant trading team does. You don’t need advanced coding skills or to monitor things all the time. The goal is to maximize your yield with minimal work by letting AI handle the complexity of DeFi.

Founded in 2023, Almanak aims to level the playing field in an AI-driven financial world. Big institutions use high-tech algorithms and AI to trade and earn yield. Almanak wants to bring those capabilities to everyday crypto users. It’s non-custodial (meaning you always keep control of your funds) and permissionless (anyone can use it globally). Almanak helps everyone in crypto. No matter if you trade DeFi, farm yields, or hold coins for passive income, it offers tools to automate your strategies. You can use these tools across different blockchains and protocols.

How does Alamanak work?

Choose or Create a Strategy: Start by deciding what you want your agent to do. Almanak makes this easy with AI help. For example, you might say, “I want an agent to trade my ETH when the market is volatile and hold when it’s calm,” or “Find the best yield for my USDC with low risk.” The AI can suggest a strategy template or generate one. Advanced users can write their own strategy logic in Python, but many will use the built-in library or AI suggestions.

Source: Alamanak X

Backtest and Refine: Before risking real money, test the strategy. Almanak lets you run the strategy on past market data or in a simulated environment. This shows how the strategy might perform – e.g., what profits or losses it would have made last month. A small change in a parameter might boost your results. For example, try switching thresholds or intervals. The platform’s optimization tool can adjust parameters automatically to find the best setting. This step helps ensure your strategy is solid.

Deploy Your AI Agent: Once you’re happy, deploy the agent. This means the platform creates a Deployment – launching your personal AI agent with the strategy loaded. You fund the agent’s smart contract wallet with the assets it needs (for instance, deposit the tokens it will trade or invest). Before going live, set any safety limits (stop-loss levels, max amount to use, etc.). Then hit Start. The agent begins executing according to the strategy logic. If it’s a trading bot, it will start placing buy or sell orders. If it’s a yield optimizer, it will allocate funds to the best pools. All this happens automatically, even while you sleep.

Source: Alamanak X

24/7 Monitoring and Updates: The agent runs continuously. It reacts to market conditions in real time. For instance, if prices drop suddenly, it might execute a predefined hedge. Almanak’s interface lets you check in anytime to see what’s happening. If the market changes or you have a new idea, you can update or pause the strategy. You can also schedule the agent to run during certain times or take breaks if needed. The key advantage is that the agent doesn’t get tired or emotional; it follows the strategy rules consistently. Thanks to AI upgrades, some agents can adjust within your set limits. For example, they can reduce risk during extreme volatility.

Earn and Iterate: As your agent operates, you hopefully earn yield or trading profits over time. You’ll find these accruals on your dashboard, like new farming rewards and trading gains. If something isn’t working as you hoped, you can change your strategy or try a new one. Almanak promotes experimentation. You can run several agents at once using different strategies. This helps diversify your approaches. Over time, you learn which AI strategies work best for you. You can upgrade a strategy easily since everything is modular. For example, you can enhance the risk management logic without starting over.

How does the Alamanak Token work?

The Alamanak team has already publicly announced their token through their Tokenpaper. The token is central to the Almanak ecosystem. It fuels the incentives that drive AI agent-based financial strategies. It supports a fully decentralized market. Here, Strategy Contributors, Agent Managers, and Liquidity Providers work together. They deploy and optimize financial agents across DeFi protocols.

Source: Almanak Tokenpaper

The Almanak Token is a multi-functional asset within the platform:

• Staking & Governance: Stake tokens to gain governance rights. This lets you influence emissions for specific strategies using the veToken model.
• Discounts: Stakers receive discounts on compute power for training or simulating strategies.
• Emission Voting: Token holders vote to steer emissions to preferred strategies or DeFi protocols. This draws inspiration from Curve’s “bribes” model.
• Liquidity Incentives: Token emissions reward top strategies and their users. This encourages competition and sparks innovation.

Core Features and Offerings

Almanak’s token economy rewards performance. Strategy Contributors earn tokens only when their strategies create real returns. This merit-based system ensures that only the most effective strategies are rewarded.

A key feature is the “emission amplification” via veToken voting. Token holders can increase emissions for certain strategies by voting with veAlmanak tokens. This encourages agent activity in protocols that want to gain adoption, like Curve's liquidity wars.

In the early network stage, emissions are distributed as follows:

• 75% to Strategy Contributors
• 20% to Liquidity Providers
• 5% to Agent Managers

Source: Almanak Tokenpaper

This incentivizes active participation while discouraging unproductive or mercenary behavior.

Conclusion: Toward an Autonomous Financial Future

Almanak is a significant leap into decentralized finance. It gives everyday investors AI tools as powerful as those on Wall Street. Almanak simplifies smart investing. It uses advanced strategy automation, machine learning, and cross-chain connectivity. For DeFi enthusiasts, you can automate your strategies and enjoy 24/7 money management while keeping control of your assets. Smart agents could soon boost efficiency, stabilize markets, and improve capital use in crypto.

Challenges lie ahead. Users must learn to trust (but verify) their AI agents, and the platform must show resilience in all market conditions. Competition will grow, and traditional financial firms will likely offer their own AI trading services. Almanak has a strong edge due to its early mover advantage. Its crypto-native approach is open, permissionless, and community-driven. It aligns with DeFi’s spirit by empowering individuals with technology that boosts their abilities.

If you’re a yield farmer automating your work, a developer cashing in on trading algorithms, or a crypto holder wanting better returns with less stress, you’ll find value here. It’s one where maximizing yield requires minimal effort, as your personal AI agents do the heavy lifting.

Almanak seems like a promising project since it’s at the intersection of DeFi and AI, which is a convincing niche. Currently it looks like a strong DeFi platform where users can experiment in autonomous finance at scale. You may name your favorite agent and tweak its personality. You can tell your friends, “My AI farms and trades for me.” In this world, money never sleeps.