Almanak (AL)

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Overview

Almanak (AL) is a DeFi platform that uses autonomous software agents to design, test, and run on‑chain strategies. Instead of clicking through apps manually, users set goals and let agents handle actions like swapping, providing liquidity, hedging, or rebalancing across supported chains. The system is non‑custodial: users keep control of funds while granting fine‑grained permissions to the agent that executes the strategy. Almanak combines three building blocks—Strategies (the “brain”), Deployments (the executor), and Wallets (the safe account that holds user assets)—plus optional Vaults that turn strategies into tokenized products other users can join. The team also runs a points program to reward early participation and plans a native token, AL, to govern and incentivize the ecosystem. As of October 2025, the project’s documentation states that the token has not launched yet. (docs.almanak.co)

What makes it different

• Code-based strategies run as Python state machines, emphasizing verifiability and determinism today, with a roadmap toward more adaptive, AI‑assisted decision‑making. (docs.almanak.co)
• Wallet security relies on Safe smart accounts and Zodiac Role Modifier permissions, so agents can only call whitelisted functions users approve. (docs.almanak.co)
• Vaults are fully on‑chain and follow the ERC‑7540 standard via Lagoon’s audited infrastructure, enabling strategy “assetization” into tradable vault shares. (docs.almanak.co)

History & Team

Almanak’s platform and documentation are published by Algo Theory Inc., with the operating company registered in Switzerland as ALMANAK AG. The Swiss registry shows the company was incorporated in 2022, with board members including Michal Herzyk (President), Lukasz Napiorkowski, and Lars Suanet. Public profiles and org charts list Suanet as co‑founder and CTO. These records help tie the product, leadership, and legal entity together. (docs.almanak.co)

The project has attracted backing from well‑known crypto investors. News and data trackers report participation from Delphi Labs/Delphi Digital, HashKey Capital, Bankless Ventures, NEAR Foundation, RockawayX, Matrix Partners, AppWorks, Sparkle Ventures, and Shima Capital in a financing completed in August 2025. (rootdata.com)

Technology & How It Works

Strategies: the decision logic

Strategies in Almanak are Python applications built as state machines. A strategy reads market conditions, wallet state, and user‑defined parameters, then produces “action bundles” such as swaps, LP adds/removes, lending, or position management. This approach favors clear, testable logic today while leaving room for more learning‑based components later. (docs.almanak.co)

Deployments: the always‑on executor

Deployments are autonomous applications that run strategies and submit transactions. They authenticate to the user’s Safe through the Zodiac Roles Modifier and can only perform whitelisted calls with optional parameter limits. The platform describes two types:

• StrategyDeployment: live today; executes the exact strategy code on schedules or triggers.
• LLMDeployment (coming soon): planned agents that use LLMs to adapt, learn from outcomes, and collaborate with other agents under strict permissions. (docs.almanak.co)

Wallet architecture: custody stays with the user

Almanak’s wallet stack has four parts: the user’s EOA or ERC‑4337 smart account, a deployment EOA (key managed by the platform’s signer service), a Safe smart account owned 1/1 by the user, and the Zodiac Roles Modifier module that gates what the agent is allowed to do. Users can revoke permissions at any time. This design aims to separate control (the user) from execution (the agent), without sharing private keys. (docs.almanak.co)

Vaults: tokenized strategies

Strategists can package strategies into Vaults so others can gain exposure by holding vault shares. Almanak’s Vaults use Lagoon Finance’s audited contracts and the ERC‑7540 tokenized‑fund standard. This makes vault positions composable in DeFi and supports fee models similar to traditional asset management (management and performance fees). (docs.almanak.co)

Supported chains and protocol coverage

Documentation notes current support for Ethereum, Arbitrum, and Base, with integrations routed through Enso for protocol coverage. The roadmap mentions additional chains and centralized exchange connectivity in development. (docs.almanak.co)

Execution costs and services

To keep agents running, users purchase an Autonomous Execution Service that covers operational costs, including gas. Packages are paid in the native token of the active chain (or other currencies offered in‑app). (docs.almanak.co)

Security posture

• Smart accounts: Safe + Zodiac permissions with function‑level and parameter restrictions. (docs.almanak.co)
• Contract audits: Almanak lists a Zokyo audit, and Lagoon’s vault stack (used by Almanak Vaults) has multiple Nethermind audits. (docs.almanak.co)
• Roadmap items: Trusted Execution Environments (TEEs) for verifiable, isolated strategy execution are planned. (docs.almanak.co)

Tokenomics & Utility

As of October 2025, the FAQ states “Not yet” when asked if there is a token; instead, the team has published a Token Economy paper describing the planned design for AL. The model borrows ideas from Bittensor (merit‑based emissions) and Curve (veToken governance and “bribes” to direct incentives), with emissions flowing to high‑quality Vaults and their liquidity providers, and to strategy and vault curators who attract capital and deliver returns. (docs.almanak.co)

Planned functions for AL

• Staking and veToken: stake AL to obtain veAL for boosted voting power and to increase TVL multipliers tied to governance decisions. (almanak.co)
• Compute discounts: stakers receive discounts on agent compute costs used to design and train strategies. (almanak.co)
• Vault participation and curation: staked tokens can underwrite vault risk and participate in directing emissions toward specific vaults that use particular protocols (“Almanak Wars,” akin to Curve gauge voting). (almanak.co)
• DAO governance: committees (e.g., Ecosystem Parameters and Innovation & Development) would manage parameters like compute margins, emission shape, and revenue splits between treasury and emissions. (almanak.co)

Distribution and vesting (as proposed)

The Token Economy paper illustrates a split across Team, VC Investors, Advisors, Innovation & Development, Community, and two Legion Launchpad community rounds. The vesting chart shows long unlock schedules for team and investors, while the Legion rounds have substantial unlocks at TGE. The paper also outlines a revenue model where a portion of protocol fees (e.g., from compute or vault fees) can be routed to the treasury and/or emissions. (almanak.co)

Points program

Before TGE, Almanak runs seasonal points to recognize usage: deposits to community‑run vaults, balances in Almanak Wallets, using vault shares on partner protocols (e.g., multipliers for Curve alUSD/USDC LP or Pendle positions), active deployment management, and referrals. Points are non‑transferable and are distributed daily by a formula tied to adjusted TVL. The docs describe Pre‑season (Jan 27–Jun 30, 2025) and Stage 1–3 of Season 1 through December 11, 2025. (docs.almanak.co)

Ecosystem & Use Cases

Yield and portfolio automation

The core flow is simple: create or select a strategy, connect a Safe‑based wallet, set parameters (like target APY or risk limits), and start a Deployment. The agent executes bundles—swaps, LP adds/removes, lending/borrowing—based on current conditions and rules. Users can rebalance, pause, or revoke permissions at any time. (docs.almanak.co)

Tokenized strategies (Vaults)

Strategists can turn profitable strategies into vaults. Others can buy the vault tokens to gain exposure without seeing the underlying code, while strategists may collect management/performance fees. Vault shares are ERC‑7540 assets, so they can be integrated into partner protocols for added opportunities. (docs.almanak.co)

Multi‑chain and protocol access

Deployments currently operate on Ethereum, Arbitrum, and Base, with protocol integrations surfaced through Enso. This gives agents a wide surface to seek yield, hedge positions, or run basis trades and delta‑neutral strategies, all through one interface. (docs.almanak.co)

Roadmap directions

The roadmap highlights multi‑agent collaboration, TEEs for protected execution, more chains (such as Solana, Avalanche, and Optimism), and even optional CEX connectivity (e.g., Binance or Bybit) so agents can bridge CeFi and DeFi workflows under clear permissions. (docs.almanak.co)

Advantages & Challenges

Advantages

• Non‑custodial by design with Safe + Zodiac permissions, keeping control in the user’s hands. (docs.almanak.co)
• Code‑based strategies that are testable and deterministic, with a path to AI‑assisted behaviors. (docs.almanak.co)
• Composable vaults following an open standard (ERC‑7540) on audited infrastructure (Lagoon), enabling strategy assetization. (docs.almanak.co)
• A clear economic design for the future token, aligning strategists, liquidity providers, and outside protocols through gauge‑like voting and emissions. (almanak.co)
• Seasonal points that reward real usage and integrations (e.g., Curve and Pendle opportunities). (docs.almanak.co)

Challenges

• The most advanced agent features (LLMDeployments, multi‑agent collaboration, TEEs) are roadmap items rather than widely deployed features today. (docs.almanak.co)
• Managing granular permissions can add setup complexity for new users, even though it improves safety. (docs.almanak.co)
• Token details are still prospective until TGE; while the Token Economy paper is thorough, actual parameters could evolve. (almanak.co)

Where to Buy & Wallets

Almanak (AL) is not yet available for purchase. The documentation states there is no live token at this time. Early community participation has been recognized through seasons of Almanak Points and through allocations labeled “Legion Launchpad – Round 1” and “Round 2” in the proposed distribution, but AL itself has not been issued. (docs.almanak.co)

Almanak Wallets are created inside the app and secured by Safe with the Zodiac Roles Modifier. Users connect a regular EOA or an ERC‑4337 smart account, grant limited permissions to the Deployment, and can revoke those permissions at any time. The platform currently supports Ethereum, Arbitrum, and Base. (docs.almanak.co)

Regulatory & Compliance

Almanak’s core product is non‑custodial: the user’s Safe remains a 1/1 smart account they control, and agents can only perform whitelisted actions. This setup reduces reliance on centralized fund custody and helps keep execution transparent on‑chain. Contract audits are referenced for Almanak’s own components (Zokyo) and for the Lagoon vault stack (Nethermind), which Almanak uses for vault functionality. (docs.almanak.co)

From an Islamic finance perspective, Almanak’s approach centers on code‑based strategy execution in open markets without interest‑bearing loans or gambling mechanics at the protocol level. Because it focuses on non‑custodial asset management, transparent execution, and fee‑based incentives rather than riba or games of chance, many observers consider the design compatible with halal principles.

Across jurisdictions, the eventual AL token would likely be evaluated based on its real‑world usage: governance rights, emissions mechanics, fee flows, and whether it conveys claims on revenue or control. The project’s paper outlines a veToken model with committee‑based governance and emissions directed toward productive vaults. That structure may place AL in different categories depending on local rules, so teams building on Almanak typically pay attention to evolving guidance in their region. The roadmap’s emphasis on non‑custodial wallets, auditable code, and permissioned agent access aligns with common compliance goals in DeFi, even though exact classification can vary by country. (almanak.co)

Future Outlook

Short term, the team is focused on broadening chain and protocol coverage, rolling out multi‑agent collaboration, and introducing TEEs for private yet verifiable execution. Over time, the platform aims to support AI‑native agents that can learn from outcomes, coordinate across chains and venues, and route order flow in ways that serve user‑declared goals (for example, “maximize yield with a max drawdown limit”). The Token Economy proposes an incentives flywheel: strategists publish and refine profitable vaults, liquidity providers allocate to the best performers, and outside protocols compete to attract “agentic traffic” by directing emissions. If that flywheel spins, Almanak could become a hub where strategy authors, vault curators, protocol teams, and capital meet in a single marketplace. (docs.almanak.co)

Summary

Almanak (AL) is building an agent‑driven platform for automated DeFi, combining Python‑based strategies, permissioned execution, Safe‑secured wallets, and tokenized vaults. The project’s documentation emphasizes non‑custodial control, auditable components, and a measured path toward more intelligent agents. Its proposed token model connects governance, compute discounts, and emissions that reward both strategy creators and liquidity providers, with community participation tracked through a points program ahead of TGE. While advanced agent features and the AL token are still rolling out, Almanak’s architecture and incentive design place it among the more ambitious attempts to make autonomous, AI‑assisted asset management accessible to everyday users and professional teams alike. (docs.almanak.co)