👋Welcome to Alkimiya Protocol
Last updated
Last updated
Alkimiya is a blockspace markets protocol that facilitates the creation, trading, and settlement of synthetic blockspace resources via a peer-to-peer system of smart contracts.
Public blockchains face inherent limitations in transaction capacity, leading to competition for inclusion via fees. While blockspace supply remains constant, demand fluctuates due to various external factors. Alkimiya tackles this issue by abstracting key blockspace resources, such as average transaction fees, into tradable assets. This approach enables more accurate price discovery and efficient resource allocation for all users, from large organizations to individual participants.
By providing a market-based solution to blockspace scarcity, Alkimiya aims to stabilize transaction costs, reduce negative impacts on regular users, and create new opportunities for managing blockchain resources. The protocol's design allows for better prediction and management of on-chain settlement costs, revolutionizing how blockchain networks handle resource allocation and pricing.
Unpredictable fee patterns can now be managed by using the protocol to construct buy and sell strategies. Users can now potentially profit from fee volatility, while mitigating risks despite market cycle events that impact fee dynamics.
Miners: Miners can lock-in future revenue stream by shorting BTC Tx Fees.
Services (wallets, exchanges, market-makers, bridges, L2 operators): On-chain services that frequently settle on BTC can hedge against the volatility by longing BTC Tx Fees.
Ordinals/BRC-20/Runes: Active collectors can offset high mint fees by longing BTC Tx Fees.
On-chain events traders: Traders who analyze on-chain events or network activities trends can trade BTC Tx Fees.
Discord: https://discord.gg/4pxhryp2z4
Website: https://alkimiya.io/
Github: https://github.com/Alkimiya
Twitter: https://twitter.com/alkimiya_io
