Alkemi Network

Alkemi is a decentralized liquidity network running on the Ethereum blockchain, offering DeFi access to everyone through a suite of tools and products that serve as onramps to a new financial infrastructure. Alkemi technology utilizes Web3 innovation to facilitate the migration from the legacy financial system to the future of natively-digital capital coordination.

Alkemi Network solves the friction points for CeFi institutions to participate in DeFi, enabling their contribution to a global, decentralized liquidity network that can be accessed and governed by the network's community tokenholders. Alkemi enables the coexistence of both permissioned 'Verified' and permissionless 'Open' liquidity pools linked to protocols governed by the network's native multi-utility token.

In order to achieve a decentralized liquidity network, all counterparties must be able to interact freely within the financial ecosystem. However, the initially retail-focused innovations of decentralized finance were not designed for institutional participation requirements. The flagship protocol, Alkemi Earn (Earn) is tailored to provide CeFi institutions with a frictionless portal to DeFi, integrating advanced reporting and risk management features within a trusted-counterparty permissioned environment secured by a KYC / AML partner. Earn enables the wall of institutional capital to permeate the market; CeFi institutions can now participate in the DeFi revolution. This constitutes the first chapter of the network rollout strategy.

With rising institutional participation, access has been extended to other non-KYC / AML approved users wishing to participate in Alkemi Network via a secondary permissionless pool, 'Open', for the Earn protocol. This open pool was made available at the token generation event for the network's native multi-utility token, ALK. This constitutes the second chapter of the rollout strategy.

Alkemi Network is structured as a decentralised community-governed DAO, where ALK token holders have the authority to create and vote on proposals. The network is features and parameters are in the hands of the community, with the role of the Alkemi team as “facilitators”. The Alkemi Network will offer limited voting functionalities at the beginning, but is intended to transition towards a fully decentralised, self-governing DAO in a legally compliant manner, in particular ensuring that the native ALK token is not deemed in any circumstances to be a security or equity-like interest.