October 3, 2022

DeFi liquidity procedure Alkemi Network now reside on mainnet

2 min read

CryptoNinjas” DeFi liquidity protocol Alkemi Network now reside on mainnet

Alkemi Network, an on-chain liquidity network with a suite of tools and items that work as onramps to participate in decentralized finance, today announced it is formally launching out of stealth.

After closing a $4.6 million investment round with over $5 countless liquidity deposits seeded to the network; Alkemi is live on mainnet.

The flagship loaning and financing protocol, Alkemi Earn, provides central financial counterparties with certified, turnkey access to DeFi. Over the past 6 months, Alkemi has actually prioritized item, network reach, and neighborhood buildout, whilst closing a development round and onboarding 25 liquidity service providers.

Aiming to end up being a portal to the on-chain capital world whilst scaling out to the broader DeFi universe; Alkemi Network features noteworthy adopters consisting of LedgerPrime, Radar Relay, JST Capital, Shift Markets, Teller Finance, Quantstamp, Kronos Research, Fractal, Autonomy Capital, and Validation Capital,

Backers of Alkemi consist of Outlier Ventures, Techstars, ConsenSys Mesh, LedgerPrime, GSR, GBV Capital, a195 Capital, Asymmetries Funds, Shift Markets, Genblock Capital, and Autonomy Capital as well as strategic angels Joyce Yang of GCR, Jeremy Drane of Nifty’s, Quantstamp CEO Richard Ma, Ivan Brightly Former CISO Galaxy Digital, Justin Amos CEO of Lygon, Duke Kim, and Hashgraph founder, Jordan Fried.

“Nailing product-market fit has been our priority. Before opening the liquidity floodgates; it was critical we introduced with an usage case that would drive immediate worth for our community stakeholders. It’s time to lift the network veil.”
– – Brian Mahoney, CSO, and Co-Founder of Alkemi Network

Borrow and provide throughout a series of digital property markets consisting of ETH, WBTC, DAI, and USDC.

CryptoNinjas” DeFi liquidity protocol Alkemi Network now reside on mainnet