Vision

Why the project exists

Let's start with the basics, the Solana (SOL) token has a current market cap of $66B (09.2024). Meanwhile the TVL of SOL, accounting for every yield method known, is only $11.5B (09.2024). That means there is close to $55B worth of SOL tokens that are yet to be deposited in earning protocols. In other words, 82% of the SOL tokens are neither staked nor deposited in a yield-earning platform, thus not maximizing their revenue potential. And that is only talking about Solana. If we look at the Solana ecosystem as a whole, the total market cap approaches $85B, which represents a huge potential market. We, at Alchemis believe that this enormous gap is mainly due to the difficulty to access knowledge and to assess the quality of the many protocols available. In an ecosystem that possesses more than 163 such protocols, it is indeed challenging to determine which one has the best yield, the best security, the most optimal deposit period and overall the most suited for the user's need.

That is why we are creating a user-friendly protocol that automatically assesses the "quality" of different Solana-based earning protocols, as well as their respective tokens. It has a fully customizable investment strategy that enables users to start earning yield that is diversified into multiple protocols.