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What is ALMANAK (ALMANAK)?
Quick Facts
- Platform type: AI-powered, no-code DeFi strategy framework
- Developer: Algo Theory INC (token issuer: Not Multiverse Ltd)
- Token utility: Governance, staking discounts, and ecosystem incentives
- Governance model: veALMANAK vote-escrowed token system
- Key backers: Delphi Labs, HashKey Capital, BanklessVC, NEAR Foundation
- Chains supported: Ethereum, Base, Arbitrum, BNB Smart Chain, Mantle
- Core product: On-chain AI Agent Swarm for quantitative strategy deployment
Introduction
Almanak is an agent-centric, no-code DeFi platform that enables users to build, optimize, and deploy sophisticated quantitative trading and asset-management strategies. It achieves this through an institutional-grade AI Agent Swarm — a coordinated team of specialized AI agents that handle strategy design, simulation, optimization, and execution.
The platform's core promise is to compress the development cycle of advanced financial strategies from months to minutes, democratizing access to financial intelligence historically reserved for hedge funds.
History & Background
Almanak was founded by Algo Theory INC and has been building since 2022. The project raised over $11.9 million across five funding rounds, drawing support from prominent crypto venture firms including Delphi Labs, HashKey Capital, BanklessVC, RockawayX, and the NEAR Foundation.
In late 2024, the protocol conducted an ICO on the Legion launchpad, and the Token Generation Event (TGE) followed in late 2025. The token economy design drew inspiration from proven hedge fund trading desk models, adapted for a decentralized and permissionless crypto environment.
How ALMANAK Works
Almanak provides a Python-based development environment where users can define strategy logic — a language widely used in professional quantitative finance. Strategies can be backtested, paper-traded, and stress-tested before being deployed live.
Execution runs through non-custodial Safe smart accounts, ensuring users never give up custody of their funds. All external operations are mediated through a controlled gateway, keeping strategy secrets isolated and auditable.
Profitable strategies can be packaged into on-chain vaults (ERC-7540 standard), allowing liquidity providers to deposit capital and gain exposure to AI-managed yield strategies. Vault creators can charge performance fees, creating a marketplace of composable financial products.
Tokenomics
The ALMANAK token is the native asset powering the platform's incentive, governance, and resource-allocation systems. Holders can lock tokens to receive veALMANAK, which grants boosted voting power in governance and the ability to direct token emissions toward preferred vaults.
Emissions are calculated using a demand-based, Bittensor-inspired formula that rewards vaults based on capital attraction and strategy performance. Protocols can also 'bribe' veALMANAK holders — similar to Curve Wars mechanics — to direct emissions toward vaults that interact with their smart contracts, creating a powerful flywheel of incentives.
Stakers receive discounts on computing resources used by AI Agents, tying token utility directly to platform usage.
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Circulating Supply
| 261.25 million ALMANAK |
|---|---|
| |
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Total supply
| 1.00 billion ALMANAK |
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Max supply
| -- ALMANAK |
Ecosystem & Use Cases
Almanak serves two primary user groups:
- Strategy and Vault Curators — builders who use the AI Swarm to create verifiable trading strategies and deploy revenue-generating vaults.
- Liquidity Providers — users who deposit capital into vaults to gain exposure to AI-driven yield strategies.
Vault tokens are ERC-20 compatible and can be used across DeFi as collateral, LP positions, or within structured products, enabling further composability.
Team, Governance & Community
Almanak is developed by Algo Theory INC, with the token issued by Not Multiverse Ltd. The project's governance is built around the veALMANAK model, giving long-term token holders decision-making power over emissions and protocol direction.
The community engages through official channels including Twitter, Telegram, and Discord. Significant VC backing signals strong industry confidence in the team's execution capability.
Advantages
- Democratized access to institutional-grade quantitative strategy infrastructure
- Non-custodial design — users retain full control of funds via Safe smart accounts
- Composable vaults allow strategy monetization and DeFi integration
- Strong investor backing from top-tier crypto VCs
- AI Agent Swarm reduces strategy development time from months to minutes
Risks & Challenges
- Early-stage project with long-term performance not yet fully proven
- Smart contract risk inherent in on-chain vault and strategy execution
- Market competition from other DeFi automation and AI-driven yield platforms
- Regulatory uncertainty around both AI and DeFi continues to evolve
- Token adoption depends on attracting strategy creators and liquidity at scale
Long-Term Vision
Almanak's long-term vision is to lower the entry barrier for sophisticated financial strategy deployment, provide infrastructure capable of accommodating institutional-scale capital, and establish a new class of composable, AI-managed on-chain assets.
By combining the rigor of professional quant funds with the transparency and permissionless nature of blockchain, Almanak aims to become a foundational layer for AI-driven asset management in the decentralized finance ecosystem.
Frequently Asked Questions
- What is ALMANAK used for?
The ALMANAK token powers governance, staking, and ecosystem incentives on the Almanak platform. Stakers receive discounts on computing resources used by AI Agents and can vote to direct token emissions toward preferred strategy vaults.
- What is the AI Agent Swarm in Almanak?
The AI Agent Swarm is a coordinated team of 18 specialized AI agents that collaborate to generate end-to-end strategy pipelines, including design, backtesting, optimization, and execution. It dramatically reduces the time needed to develop advanced trading strategies.
- Is Almanak non-custodial?
Yes. Almanak is built on Safe smart accounts, ensuring users delegate only specific, limited permissions without ever giving up custody of their assets. Strategy containers run with no secrets and no open internet access.
- What is veALMANAK?
veALMANAK is a vote-escrowed version of the ALMANAK token that holders receive when they lock up their tokens. It grants boosted voting power in governance and the ability to direct token emissions to preferred vaults.
- Who backs the Almanak project?
Almanak has raised over $11.9 million from prominent investors including Delphi Labs, HashKey Capital, BanklessVC, RockawayX, and the NEAR Foundation. This backing reflects strong industry confidence in the project's technology and vision.
- What are Almanak Vaults?
Vaults are on-chain products (ERC-7540 standard) that tokenize trading strategies, allowing liquidity providers to deposit capital and gain exposure to AI-managed yield strategies. Strategy creators can earn fees from vault performance.
- On which blockchains does Almanak operate?
Almanak's smart contracts are deployed across multiple chains including Ethereum, Base, Arbitrum, BNB Smart Chain, and Mantle, giving users and strategy creators flexibility across major DeFi ecosystems.
- What are the main risks of using Almanak?
Key risks include smart contract vulnerabilities, the early-stage nature of the project, competition from other DeFi automation platforms, and ongoing regulatory uncertainty around AI and decentralized finance.