Almanak Secures $8.45M Fund for AI DeFi Strategies
- Almanak completes $8.45M funding round with Delphi Labs involved.
- Focus on AI-driven DeFi strategies integration.
- Partnerships with over 25 DeFi protocols anticipated.
Almanak, a DeFi smart agent platform, has secured $8.45 million in funding from Delphi Labs, HashKey Capital, and NEAR Foundation to enhance AI-driven DeFi strategies.
The funding supports AI integration, signaling increased institutional interest in DeFi, with potential impacts on Ethereum and related assets due to Almanak’s broad protocol engagements.
Almanak has concluded an $8.45 million funding round to enhance AI-driven DeFi strategies. Leading investors include Delphi Labs and HashKey Capital, indicating strong institutional support for the project’s ambitions.
CEO Michael leverages extensive experience from 25+ DeFi protocols, aiming to address inefficiencies. The round’s proceeds will be used to integrate AI/LLM models into Almanak’s DeFi framework.
The funding round is expected to impact major DeFi protocols like Ethereum and Layer 1/2 assets. AI-enhanced strategies will drive adaptive algorithms beyond traditional automation methods.
Almanak’s developments emphasize AI-assisted decision-making in risk management. This innovation seeks to enhance efficiency in DeFi operations, drawing attention from major industry players.
While immediate effects on token valuations remain undisclosed, industry response suggests a positive outlook. Increased capital infusion in DeFi could potentially fuel new waves of innovation.
Historical patterns indicate that projects incorporating AI tend to increase protocol TVL. With no regulatory hurdles reported, strategic leadership by Michael projects significant future growth. As Michael, CEO of Almanak, said:
I’ve been running…working with 25+ DeFi protocols…either as a mathematician or product person…We realized that a lot of protocols…do not work the best way, so we set up Almanak.source
