Institutional-grade liquidity network Alkemi is<a href="https://alkemi.network/"> joining hands</a> with the crypto exchange Nexus Market to offer its users decentralized finance (DeFi) yields through its CeFi-based vaults. The collaboration will enable Nexus users to access DeFi liquidity in a trusted counterparty environment. 
<h2>Alkemi Teams Up With Nexus Market to Give Its User Enhanced DeFi Yields</h2>
The partnership between Nexus and Alkemi will allow the former’s users to put their crypto holdings to work to generate passive income. To obtain this benefit, Nexus users can commit their Ethereum, Wrapped Bitcoin, and other stablecoin investments to any of the decentralized finance vaults integrated with Alkemi. 

Furthermore, Nexus customers can also <a href="https://www.cryptoknowmics.com/news/defi-insurer-nexus-mutual-expands-service-to-centralized-exchanges/">participate</a> in an institution-grade liquidity mining program through the network to earn DeFi rates.

Normally, crypto users need to learn about Web3 wallets, proper custody, gas prices, approvals, and many other complicated terms to tap into DeFi yields. Alkemi aims to solve this problem by developing a bridge to these yields, while simultaneously maintaining a familiar and easy-to-understand Web 2 interface that could potentially attract more users.

Both the companies have emphasized the importance of trust in their new initiative and maintained a compliant environment between them. This is to ensure an additional safeguard for institutions and retailers lending their assets and earning yields both on-chain and off-chain.

Explaining the benefits of partnership with Nexus, Brian Mahoney, CSO, and Co-Founder of Alkemi said, “Through NEXUS, Alkemi Network unlocks DeFi yield opportunities for downstream users while building additional onramps to our on-chain ecosystem. We see this collaboration as a potent recipe for continued DeFi adoption.”
<h2>An Overview of the Alkemi Network</h2>
Founded in 2018, Alkemi is the world’s first decentralized liquidity network with institutional DeFi support. The firm aims to bridge the gap between traditional finance and decentralized finance, by <a href="https://www.cryptoknowmics.com/news/defi-cefi-full-aggregator-openocean-aggregates-polygon-to-expand-its-trading-universe/">bringing</a> CeFi institutions into the DeFi space. Its flagship protocol Alkemi Earn (Earn) provides know-your-customer and anti-money laundering compliant non-custodial borrowing and lending services to investors through a primary ‘permissioned’ liquidity pool of digital assets.

In 2021, Alkemi went live on the mainnet after raising $4.6 million in an investment round. The company is backed by some leading investors including Outlier Ventures, Techstars, ConsenSys Mesh, and LedgerPrime.

Alkemi Network is Collaborating With Nexus Market to Offer DeFi Yields

Institutional-grade liquidity network Alkemi is joining hands with the crypto exchange Nexus Market to offer its users decentralized finance (DeFi) yields.

Divya is a postgraduate from Jawaharlal Nehru University specializing in International Relations and a professional writer with more than 5 years of experience writing for the web. She is an avid reader interested in the global financial system and the effects of decentralization. At Cryptoknowmics, she hopes to deliver clear and understandable content to inform readers about the latest events in the crypto sector.

Alkemi Network is Collaborating With Nexus Market to Offer DeFi Yields

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