.alkimiya_io has raised $7.2 million in funding as it seeks to attract miners and stakers wishing to hedge their cash flow as they attempt to navigate the current bear market. By JamieCrawleyCD
Alkimiya, a decentralized capital markets protocol, has raised $7.2 million in funding as it seeks to attract miners and stakers wanting to hedge their cash flow as they attempt to navigate the current bear market.
Alkimiya provides a protocol for miners and staking validators to lock in upfront revenue to fund future production. This is designed to manage the risks of fluctuating cash flow, exacerbated further when liquidity is scant across decentralized finance ecosystems. Its aim is to provide a source of cash flow that is independent of the overall liquidity across DeFi ecosystems.
These cash flows represent the native economic activities accrued on the block space. However, the miners and validators are burdened with increasing expenses. Without effective tools to manage the risks, they are fully exposed to market risks, such as the inherent volatility of cryptocurrencies. "Alkimiya aims to bridge this gap with block producers' hedging needs. This strategic funding round will help to further our expansion and deepen our relationships with key partners," Zhang added.
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