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Project Overview
Alkimiya is a permissionless, open-source protocol for consensus capital markets that makes the economics of block space accessible to the broader DeFi ecosystem. The protocol allows miners and staking validators to lock in upfront revenue to fund future production, similar to how traditional commodity producers use financial instruments to hedge against uncertainties. Alkimiya enables consensus producers to create financial contracts backed by underlying 'consensus resources', helping them manage risks associated with on-chain transaction volatility.
Guide
To engage with Alkimiya's protocol: Start here - https://kazm.com/s/membership/c5c005e4-31b7-4e53-a705-f950a4d8074b?referralId=1682a5af-1185-469f-80c5-907fef5b3665
Understand the two main components: Silica and Hash Vault
- Silica: A float-to-fixed swap issued by block space producers
- Hash Vault: Packages Silica contracts and restructures underlying cash flows into various financial products
For miners/validators:
- Use the platform to lock in future revenue by creating Silica contracts
- This allows hedging against market volatility and securing stable income
For investors/buyers:
- Purchase Silica contracts to prepay for future mining revenue
- Potentially benefit from excess mining returns
- Engage with restructured financial products through Hash Vault
Note that Silica is non-custodial, meaning sellers don't receive payment immediately
The protocol went live on mainnet on March 26, 2022, and is currently in Beta testing phase.
Maximize Potential
To maximize potential benefits:
- Understand the economics of block space and consensus resources
- For miners: Utilize Silica to stabilize revenue streams during market volatility
- For investors: Analyze potential mining returns carefully before purchasing contracts
- Stay updated with the project's development as it's still in Beta testing
