Alkemi Network DAO Token (ALK)

The Alkemi Network DAO Token, with the ticker ALK, is a coin that aims to bridge the gap between traditional centralized finance (CeFi) and decentralized finance (DeFi). It provides an institution-grade liquidity network for financial institutions and individuals to earn yields on Ethereum-based digital assets. The network offers deep digital asset liquidity through permissioned and permissionless pools, providing a trusted counterparty environment. Users can access DeFi features and functionality seamlessly, with advanced risk management and reporting features available via web browser or API access.

Alkemi Network is the first decentralized liquidity network to facilitate both KYC permissioned and permissionless liquidity pools governed by one network utility token. Users can earn interest with Alkemi Earn by borrowing and lending across various digital asset markets, including ETH, WBTC, DAI, and USDC. The platform provides KYC-approved liquidity pools for guaranteed compliant access and open-access liquidity pools for a true DeFi experience. Alkemi Network serves digital asset allocators, exchanges, custodians, and individuals, addressing the compliance, liquidity, and reporting challenges faced by centralized institutions and limited access to trade reporting and risk management for private individuals within existing DeFi protocols.

Alkemi Network has its native governance utility token, ALK, which allows users to participate in shaping the future of the network. Participants in the Alkemi Earn pools are eligible for ALK token rewards through a Liquidity Mining Program. While KYC verification is required to access the permissioned ‘Verified’ pool, the ‘Open’ pool can be accessed permissionlessly. Alkemi Network has forged strategic partnerships with leading enterprises in the Web3 ecosystem and continues to make advancements in the DeFi space. Users can stay updated with the latest news and blogs on the platform’s website and join the community through Telegram, Discord, and Twitter.