Almanak is a protocol that utilizes artificial intelligence to create and deploy automated financial strategies within the decentralized finance (DeFi) sector. The platform aims to simplify the process of identifying, building, and executing complex trading and yield-generating strategies through AI-powered financial agents. ^[1]

Overview

Almanak was developed to address the increasing complexity of the cryptocurrency market, which encompasses numerous blockchains and thousands of decentralized applications. The protocol is designed to provide users with tools analogous to a quantitative trading desk by leveraging AI's capabilities in high-speed data processing, analysis, and coding. It seeks to automate the discovery of market inefficiencies and yield opportunities, the creation of corresponding strategies, and their subsequent execution on-chain. ^[1]

The platform is built on the premise that AI can significantly outperform human capabilities in processing vast amounts of market data and writing the necessary code to act on it. Almanak's core components consist of a multi-agent AI system, referred to as an "AI swarm," and a non-custodial infrastructure for deploying the strategies created by these agents. The system is intended for a wide range of users, from individual DeFi participants to professional traders and asset managers, by offering a no-code environment that abstracts away the technical complexities of strategy development. ^[1]

Architecture

Almanak's architecture is composed of two primary components: the Almanak AI Swarm, which handles strategy intelligence and creation, and the Strategy Deployment Infrastructure, which facilitates the on-chain execution of these strategies. ^[1]

Almanak AI Swarm

The AI Swarm is a collection of 18 distinct AI agents, each with a specialized function, that collaborate to fulfill user requests. This multi-agent system is organized into several teams to manage the lifecycle of a financial strategy. ^[1]

• The Strategy Team: This team is responsible for the core development of a strategy based on user-defined parameters. Its agents include a strategist for designing logic, a coder to write smart contracts, a reviewer to audit the code, a debugger to fix errors, a QA engineer for simulations, a UI designer for monitoring dashboards, and a deployer to launch the strategy.
• The Alphaseeking Team: This group continuously monitors the blockchain landscape to identify market inefficiencies, yield opportunities, and other potential sources of profit, or "alpha." Once an opportunity is found, it is passed to the Strategy Team to be developed into an executable strategy.
• The Optimization Team: This team focuses on refining and improving strategies created by the Strategy Team. It conducts rigorous backtesting and simulations using historical and projected market data to analyze performance and suggest optimizations. Users can review and approve these suggestions before implementation.
• Supporting Agents: Additional agents are in place to enhance user experience, including a chatbot for platform-related questions and a troubleshooting AI that provides real-time status updates and guidance on errors.

All actions performed by the AI agents are logged on-chain, allowing for full verifiability by users, who maintain control over their assets through a system of delegated permissions. ^[1]

Strategy Deployment Infrastructure

This infrastructure serves as the bridge between the AI-driven strategy creation process and its on-chain implementation. It is designed to be secure, non-custodial, and efficient, offering two primary deployment formats. ^[1]

• Almanak Wallets: These are fully on-chain, private smart accounts based on the SAFE multisig standard. Users can connect their strategies to these wallets for deployment.
• Public Vaults: Strategies can be deployed as public vaults that accept capital from external depositors. Creators of these vaults can implement performance or management fees, effectively allowing them to operate as on-chain investment funds. Whitelisted public vaults are also an option for closed groups.

This system enables the creation of what the project calls "tokenized AI strategies," where investment vehicles powered by Almanak's AI become distinct on-chain assets. ^[1]

Features

The Almanak platform incorporates several key features to support its functionality and user experience. ^[1]

• Cross-chain Composability: The infrastructure is designed to be deployable across a wide range of blockchains and decentralized applications.
• ERC-7540 Standard: The use of this standard allows vaults to be represented as liquid, tradable assets, increasing their composability within the broader DeFi ecosystem.
• Non-custodial Design: Through the use of smart accounts, users retain full control over their assets at all times, only delegating specific permissions to the AI agents.
• No-code Environment: The platform is designed to be accessible to users without coding expertise, as the AI swarm handles all smart contract creation and technical implementation.
• Privacy: Almanak utilizes Trusted Execution Environments (TEEs) to ensure that the details of a user's strategy remain private and secure from external access.

Use Cases

The protocol is designed to serve several functions for different types of users in the DeFi space. ^[1]

• Personal Strategy Automation: Individual users can define their financial goals, and the AI swarm will create, test, and deploy automated strategies to meet those objectives, such as generating yield on an existing asset.
• Alpha Discovery: The Alphaseeking team provides users with investment opportunities they may not have identified on their own.
• On-chain Fund Management: Experienced traders and asset managers can use the public vault infrastructure to create their own on-chain investment vehicles, complete with fee structures, powered by Almanak's AI.
• Tokenized Strategy Trading: By tokenizing vaults using the ERC-7540 standard, Almanak creates a new financial primitive that can be traded or used as collateral in other DeFi protocols.

Security

Almanak employs a hybrid human-AI model to address security concerns associated with AI-managed funds, such as LLM hallucinations or prompt misinterpretations. While the AI agents handle the automated creation and execution of strategies, humans retain ultimate control and verification capabilities. All agent actions are recorded on-chain, providing a transparent log that users can monitor. This allows for human intervention to correct any identified issues, ensuring that users always have final authority over their assets and the permissions delegated to the system. ^[1]

Tokenomics

The Almanak token is central to the protocol's governance and incentive mechanisms. The total supply is stated as 1,000,000,000 tokens, though this is subject to change. ^[1]

Utilities

• Governance: Token holders can vote on protocol upgrades, parameter changes, and other strategic decisions.
• Incentives: The token is used to reward users who create successful vaults or deposit capital into them.
• Fee Payments: Platform fees can be paid using the Almanak token.
• Staking: Users can stake tokens to direct protocol emissions toward specific vaults, creating a competitive dynamic where protocols may be incentivized to acquire the token to route volume through their own systems.

Allocation

• Community: 30%
• Innovation and Development: 20%
• VC Investors: 15%
• Team: 15%
• Legion Round 1: 7.5%
• Legion Round 2: 7.5%
• Advisors: 5%

Vesting schedules for these allocations vary. Team, VC, and advisor tokens are subject to 12-month cliffs followed by linear vesting over 48-54 months. A portion of the community and innovation funds are unlocked at the Token Generation Event (TGE), with the remainder vesting over 36 months. Tokens from the second Legion round are fully unlocked at TGE. ^[1]

Partnerships

Almanak has engaged in collaborations to support its launch and community growth. ^[1]

• Legion: Almanak partnered with Legion to conduct a token sale and to launch an "Attention Capital Markets" (ACM) campaign.
• Cookie: The platform collaborated with Cookie on the ACM initiative, which was designed to reward participants based on a combination of social engagement and capital investment in the protocol.