Makina

1. What is Makina?

Makina is a next-generation DeFi Execution Engine that brings institutional-grade risk-adjusted strategies onchain. It enables capital allocators to deploy, manage, and automate complex financial strategies using programmable vaults called Machines, across chains.

Makina also opens up access to a new class of curated yield opportunities for DeFi users, DAO treasuries, and retail depositors, allowing them to participate in strategies run by top-performing, professional operators that have historically been inaccessible or fragmented across chains.

2. Who is Makina for?

Makina is built for professional strategists and DeFi-native users who need sophisticated onchain execution with robust risk controls.

Makina is also for onchain participants, DAO Treasuries, and retail depositors seeking capital-efficient exposure to institutional-grade onchain strategies that were previously gated or off-chain. Makina lowers the barrier to access, offering a single interface to allocate into high-conviction, risk-managed opportunities, without needing to build the strategies yourself.

3. What makes Makina different?

Makina offers a superior infrastructure for onchain strategies. It introduces a new DeFi execution layer with the following characteristics:

• Fully non-custodial infrastructure
• Native cross-chain deployments
• Secured atomic execution
• Deep composability across protocols and L2s
• Onchain risk management
• Self-insurance module
• Professional strategists with superior risk-adjusted returns.

4. What is a Machine?

A Machine is a non-custodial strategy vault that receives users' deposits. These funds can be moved to Calibers that handle the execution of specific actions under defined rules.

5. How do I deposit into a Machine?

To deposit into a Machine, users can either purchase Machine Tokens (MTs) on DEXs like Curve without KYC, or complete KYC and deposit directly into the Machine to mint Machine Tokens. The KYC requirement varies depending on the Operator of each Machine.

6. What's the difference between a Machine and a Vault?

A Vault is a general-purpose onchain container for capital and often limited in its ability to execute strategies. A Machine is an enhanced vault, representing a tokenized cross-chain strategy, with onchain risk controls and powered by a sophisticated execution engine.

7. Can I claim profits directly from a strategy?

You benefit from the returns by holding the Machine Token (MT) because its price appreciates according to the Machine's performance. You can realize this profit by selling the Machine Tokens at the price reflecting the realized performance.

8. Is Makina Non-Custodial?

Makina is a non-custodial protocol. At all times, assets are controlled by smart contracts in a trustless manner operated in accordance with guardrails.

9. Is Makina audited?

Yes. All contracts underwent security audits from top-tier firms (Chainsecurity, Sigma Prime, Ottersec, Cantina). Reports are publicly available on the technical documentation.

10. What are the risks of using Makina?

As with any DeFi protocol, using Makina carries risks, including potential smart contract vulnerabilities, bridge risks, risks linked to other DeFi protocols in which the strategy has positions, and market volatility. Makina mitigates these through multiple security audits, on-chain risk controls, and an emergency Recovery Mode. Nonetheless, these risks cannot be fully eliminated, and users should exercise caution.