what's Almanak alUSD?
alUSD is the receipt token minted by Almanak's Autonomous Liquidity USD vault. Users deposit USDC into the vault, which employs liquidity strategies, and receive alUSD shares proportional to their deposit. These shares represent ownership in the vault's underlying assets and accrued value. alUSD can be utilized in DeFi composability, such as Pendle LP positions, principal tokens (PT), or yield tokens (YT), enabling strategies like fixed yield locking or leveraged yield exposure without directly managing the vault.
Almanak launched Strategy Builder and runs Cookie & Galxe campaigns with token supply distribution.
Links
x.com/almanakMentioned alongside other projects as an example where token price did not break sale price post-TGE, without specific sale price or current price details provided.
Almanak launches Strategy Builder for creating DeFi strategies through graphical interface and runs Cookie Campaign allocating 0.55% of token supply to content creators with top rewards estimated at $7K-$21K. Galxe Campaign offers 0.1% token supply distribution across multiple tracks (Edu, Clout, Product, Predictions) based on Loyalty Points leaderboard.
alUSD holds $124M TVL offering 13.5% APY while alpUSD offers 15% APY with $3.2M TVL; point multipliers range up to 5x on Pendle and all earned points convert to $ALMANAK tokens at upcoming TGE.