Most people still think of DeFi yield as a static number. A rate you chase from protocol to protocol, hoping you’re early… and praying you’re not exit liquidity. But what if yield didn’t have to be hunted? What if it was engineered? Not through hand-coded automation. Not through one-off farming strategies. But through a network of AI agents running quant logic, and structuring yield the way professional desks do. Dynamically, continuously, and without emotion. This is the mental shift behind @almanak : A Permissionless AI Yield Layer where anyone can deposit into vaults that are managed like on-chain quant funds. This post breaks it down cleanly: 1. What Almanak vaults actually are 2. Why they’re different from every “yield vault” you know 3. Where the real yield comes from 4.Why this matters for the future of DeFi Let’s go deeper. 1. WHAT ALMANAK VAULTS ARE At surface level, a vault is simple: Deposit USDC → receive a vault share token (like alUSD) → watch its value rise over time as strategies earn. But that simplicity hides the real unlock. Behind every Almanak vault is a strategy brain. Behind that brain is an AI Swarm of agents that can design, test, optimize, and deploy automated strategies across multiple protocols and chains. Under the hood, each vault is built on: • Lagoon’s audited ERC-7540 vault infra • Safe-based smart accounts with Zodiac permissioning • Strategy engines written in Python state machines • Deployments that push transactions live on-chain The vault contract issues share tokens. The Safe holds the capital. The strategy logic rotates your funds. And the vault share (alUSD) reflects the net asset value of the entire pool. Your tokens never leave your custody. Agents only receive permissioned, function-level access, nothing more. 2. WHAT MAKES THEM DIFFERENT Most yield products in DeFi fall into one of these buckets: → Static yield strategies (unchanged for months) → Single-protocol auto-compounders → Manual LPing bundles → Operator-run funds with opaque risks @almanak breaks completely out of this mold. 2.1 AI Swarm, not manual farming The core engine behind Almanak is a multi-agent AI system, research agent, coding agent, testing agent, optimization agent, monitoring agent, working together like an automated quant desk. Strategies aren’t fixed. They adapt. They rebalance. They optimize for risk-adjusted return, not vanity APY. This is the difference between: “move USDC to Aave and autopilot it” vs “dynamically allocate capital across lending, LS yield, Pendle markets, structured products, and incentives, based on real-time conditions.” 2.2 ERC-7540 standardization Most vaults run on custom code. You’re trusting an entire new implementation every time. Almanak instead builds on Lagoon Finance’s standardized ERC-7540 vault architecture, which is: • battle-tested • audited • composable by design This eliminates the engineering inconsistency that plagues legacy yield products. 2.3 Non-custodial by default Vault capital lives in Safe smart accounts. You remain the owner (1/1 multisig). Agents only get Zodiac role-permissions, tightly scoped, transaction-limited access that can’t rug you. This is radically different from aggregated yield farms that sweep deposits into a shared protocol wallet. 2.4 Vaults as “Quant Products” The most underrated feature: Anyone can create a vault, apply a strategy, and monetize it through management and performance fees. This makes Almanak a permissionless multi-manager platform, the on-chain equivalent of: → a quant fund factory → a structured yield marketplace → a place where strategies become investable products It’s DeFi-native BlackRock, but run by AI. 3. WHERE THE YIELD COMES FROM Here’s the important part: Almanak’s yield is real, explainable, and diversified. No circular ponzinomics. No inflationary emissions printed from thin air. No “high APY until people deposit.” Yield flows from four real sources: 3.1 Base DeFi Yield Vaults allocate into a diversified basket across the safest and most liquid venues on-chain: ► Lending (Aave, Compound, etc.) ► Liquid staking variants ► Stablecoin money markets ► Liquidity pools (Curve, Uniswap) ► Yield-bearing wrappers This is your “core yield.” Interest, fees, funding, staking rewards. The things DeFi actually produces. 3.2 Yield Structuring & @pendle_fi Markets This is where Almanak steps into quant territory. Some strategies take advantage of: ► Pendle YT (yield tokens) ► SY (standardized yield wrappers) ► Discounted future yield markets ► Structured positions that amplify base return Example: Buying YT on assets with known yield schedules can outperform simple lending by multiples during quiet markets. Most users can’t (or won’t) do this themselves. AI-powered strategies can. 3.3 Incentives & Partner Rewards When vaults allocate into: • @pendle_fi pools • @CurveFinance pools • Other yield AMMs You earn: • trading fees • protocol incentives • boosted reward structures This adds a second layer of yield on top of the base APY. 3.4 Almanak Points (future upside) While not “APY,” Almanak Points are an explicit economic layer. Many vaults, especially alUSD comes with points multipliers when used in: ► Pendle LP ► Curve LP ► Staked vault positions ► Cross-protocol integrations This turns @almanak vaults into yield + incentives + meta-yield engines. If Almanak continues to scale, points become one of the highest upside components of the entire stack. 4. WHY THIS MATTERS The real story isn’t “Almanak has yield vaults.” It’s that Almanak is building the first AI-native asset management layer in DeFi. Legacy yield systems are brittle: ▸ fixed strategies ▸ manually updated ▸ protocol-fragmented ▸ slow to adapt ▸ high operational overhead Almanak’s approach is: ▸ composable ▸ standardized ▸ adaptive ▸ agent-driven ▸ permissionless A future where: ▸ strategies are designed by AI ▸ executed by AI ▸ monitored by AI ▸ and tokenized into vaults anybody can enter …is a future where yield becomes a digital commodity, not a scavenger hunt. This is the beginning of modular, AI-native asset management, the same way L2s were the beginning of modular blockchains. That's a wrap!

Tagging top Almanak chads that would be intrested in this ~ @stacy_muur ~ @2lambro ~ @Eli5defi ~ @Defi_Warhol ~ @the_smart_ape ~ @arndxt_xo ~ @0x99Gohan ~ @info_insightful ~ @DigiTektrades ~ @wilson_ ~ @atoms_res ~ @belizardd ~ @Jonasoeth ~ @green_but_red ~ @katexbt