Bitcoin mining is a great way to generate value from interacting with the network, but there are operational risks that should be considered when mining. What if there was a decentralized way to use financial instruments to hedge against the uncertainties and lock-in the return upfront.
Alkimiya Protocol is a smart contract system currently on testnet that allows any consensus producers (miners) to create financial contracts backed by the underlying “consensus resources." In this episode is Leo Zhang from Alkimiya Protocol a permissionless, open-source protocol for consensus capital markets.
Timestamps
- 00:00 Intro
- 00:51 Progress on the Alkimiya Protocol?
- 04:54 How does it work?
- 15:40 Alkimiya Protocol on different chains?
- 17:44 Is Alkimiya Protocol defi?
- 21:33 Alkimiya and the future of BTC
- 24:47 Is there a market for this?
Audio version
Hosted by Will Foxley
