Alkemi Network

Alkemi Network is a decentralized liquidity protocol designed to bridge centralized finance (CeFi) and decentralized finance (DeFi) by providing institution-grade borrowing and lending services. Founded in 2018, it offers compliant access to DeFi markets for both institutional and individual users, focusing on Ethereum-based digital assets such as ETH, WBTC, USDC, and DAI. Alkemi's flagship product, Alkemi Earn, operates two distinct liquidity pools: a permissioned 'Verified' pool requiring KYC/AML verification for institutional participants, and a permissionless 'Open' pool for general users. This dual-pool structure enables Alkemi to serve a broad spectrum of users while maintaining compliance and risk management standards required by regulated entities.

The platform emphasizes seamless integration between Web2 and Web3 environments, offering APIs and embedded user interfaces that allow exchanges, custodians, and asset allocators to embed DeFi lending and borrowing functionalities directly into their platforms. Alkemi supports multiple Web3 wallets, including multisig wallets, to enhance security and control. Its institution-grade reporting tools provide on-demand transaction, asset allocation, and balance reports, helping users manage risk and maintain transparency. The network also features a native governance token, ALK, which enables holders to participate in protocol governance and liquidity mining rewards.

Alkemi Network differentiates itself by combining compliance with DeFi's open liquidity, enabling regulated financial institutions to participate in decentralized lending markets without sacrificing regulatory requirements. Its permissioned pool model addresses common barriers such as counterparty risk, lack of liquidity, and insufficient reporting that typically restrict institutional access to DeFi. Notable integrations include Ledger Live, which allows over 1.5 million users to earn yield via Alkemi Earn. Developers and institutions can get started by accessing comprehensive documentation, applying for KYC to join the Verified pool, or using the open pool for permissionless participation. The platform's API and SDK facilitate embedding Alkemi's DeFi features into existing financial infrastructure.