Alkimiya is a blockspace markets protocol that facilitates the creation, trading, and settlement of blockspace resources. One example is BTC network Tx Fees. Wallets, exchanges, Ordinal collections, and traders can take advantage of the exploding market interests by taking long positions on the BTC Tx Fees. The more active the overall BTC market is, the more profitable these positions become. Conversely, miners can secure their revenue against the backdrop of rising uncertainties.
The core market logics are facilitated by Alkimiya Pools. A Pool is the set of all long and short positions within the same period (e.g. April 1 - April 30). Users can enter, trade, or close their positions anytime during the Pool’s period. The Alkimiya Pools are implemented as a system of smart contracts deployed on EVM-compatible chains.
If you are bullish on the network activities during the Pool’s period, you can enter into a long position.
Conversely, if you expect the network activities to cool down, you can enter into a short position.
To interact with Alkimiya, first you need to connect your wallet.
Sepolia ETH
Click on “ETH Faucet”. This will take you to the Sepolia PoW Faucet. Key in your ETH address to receive Sepolia ETH. This step should not take long. You should now have Sepolia ETH in your wallet.
wBTC
Head back to the Alkimiya Bazaar page. Click on “Testnet wBTC Faucet”. After you have your Testnet wBTC, click on “Add testnet wBTC to wallet”. You should now have 50 wBTC in your wallet.
The user can see available orders, their breakevens, and the total payment required to fill them.
