Almanak Review: Is Its DeFi Automation Worth It?

Almanak is a platform for creating, testing and deploying automated DeFi strategies. You can describe a strategy in plain language or write it in Python; its coding agents can generate editable Python code. The platform describes a workflow of simulating on mainnet forks, deploying to a Safe wallet and monitoring positions, profit and loss, and strategy health.

Examples include lending and borrowing loops, concentrated-liquidity positions, and delta-neutral or basis strategies combining spot, lending and perpetuals. Connectors named on the site include Aave, Morpho, Compound, Spark, Uniswap, Curve, Aerodrome and GMX. These are examples, not a guarantee that every protocol is available for every chain or strategy. Almanak describes validated connectors across seven EVM chains, while Ethereum and Base are the chains associated with it in its onchain classification. Confirm your intended chain and protocol combination in the app before you build around it.

Almanak does not publish its platform fees in the product information here, so check the app and terms before deploying. Your strategy may also incur blockchain gas, protocol charges, trading fees or borrowing costs, depending on the actions it takes. Those costs can materially affect a strategy’s net results, especially when it trades or rebalances often.

Simulation is useful for exploring how a strategy might behave, but it does not establish future performance. Fork-based tests cannot remove risks such as changing market conditions, slippage, liquidations, smart-contract issues or differences between simulated and live execution. Review assumptions and stress-test outcomes, including what happens when a position moves against you or a protocol becomes unavailable. Treat any displayed return as an estimate or historical result, not a promise. Do not deploy money you cannot afford to lose.

Almanak says your assets stay in your Safe and that it cannot move funds beyond permissions you approve. It describes using Zodiac Roles to limit each strategy to specified contracts, actions and spending limits, with the ability to revoke access. It also says strategy containers run without secrets or direct internet access, and that external calls pass through a controlled gateway. These are meaningful design claims, but they do not eliminate smart-contract or operational risk.

Two audits are listed for the project, but their scope, dates and findings are not specified here. Read the reports and confirm which contracts and versions they cover before relying on them. Almanak does not publish a licence in the product information here. Check the Safe owner and signer setup, inspect the strategy code and permissions, and understand how to revoke access. You can still lose funds through a flawed strategy, compromised dependencies, protocol exploits or market moves.

The intended flow is to develop or generate a strategy, simulate it against a mainnet fork, then deploy it to your Safe and monitor it. Almanak says generated strategies are reviewable Python code that you own, and can be versioned in your GitHub repository. That gives technically confident users a way to inspect and change the logic rather than treating an agent’s output as a black box.

The app advertises support for seven EVM networks: Base, Arbitrum, Ethereum, Polygon, Optimism, BNB Chain and Avalanche. The actual set of working protocols and chains may differ by connector, so check support for your specific plan. Almanak describes real-time position and health monitoring with alerts, but does not publish measured execution speeds or uptime figures here. The product information does not specify mobile-app support. Before committing meaningful funds, test the workflow with a small amount and make sure you can monitor and revoke the permissions you grant.

Almanak’s main trade-off is that it puts substantial responsibility on you. Agent-generated code still needs review, and a strategy that works in a simulation can fail under live liquidity, volatility, protocol changes or execution costs. Safe custody and limited permissions reduce some risks; they do not guarantee recovery if a strategy or an underlying protocol loses money.

The project does not publish platform fees in the product information here, and the listed audits lack scope and findings there. It also does not explain the ALMANAK token’s utility in the platform information. These gaps make it harder to compare the service’s total cost, evaluate the security work, or know whether the token matters for ordinary users. If you cannot inspect code and permissions, or you need clear fees and independently verifiable audit coverage before using a product, choose a simpler option with those details published. DeFi investing is risky; only use funds you can afford to lose.