Alkimiya is an open-source non-custodian protocol for hashpower assets. By abstracting and restructuring the cash-flow of mining returns, Alkimiya introduces a new category of the blockchain-native asset class to the DeFi universe.
Alkimiya bridges the supply (miners) and demand (DeFi users) with two parts:
The first part is a non-custodial protocol that enables miners to issue hashpower as swap, call, or put as bilateral contracts in a permissionless manner.
The second is a structured products engine, where users can restructure the bilateral contracts into other forms of yield generating assets backed by the cash flow (e.g. fixed-income bonds, convertibles, perpetual swap, DAO payouts).