Founded in 2018, Alkemi is building an on-chain liquidity network with a suite of tools and products that serve as onramps for everyone to participate in DeFi.
The beachhead strategy focuses on enabling Centralized Financial Institutions to access Decentralized Finance. The flagship protocol, Alkemi Earn (Earn) facilitates institution-grade borrowing and lending within a compliant environment.
Earn was launched in closed beta with a primary, permissioned pool of digital assets, 'Verified', accessible only to KYC-approved participants. A secondary [separate] permissionless liquidity pool, 'Open', will be made available for all other Earn users at the Token Generation Event of the network's permissionless native utility token in Q2 2021.