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Alkemi Network Integrates With Nexus Markets, Offers DeFi Yields

Alkemi Network Integrates With Nexus Markets, Offers DeFi Yields
  • Alkemi Network partnered with exchange and lending platform Nexus Markets.
  • With this, Nexus users may access DeFi-sourced vaults through their CeFi platform.
  • Users can earn DeFi Yields through Alkemi Network’s liquidity platform.

There is a very high barrier to entry if users want to earn through Decentralized Finance. A person needs to go through learning about Web3 wallets, custody intricacies, gas, approvals, and a long list of other required details before finally getting to the earning part. This is the problem that Alkemi Network and NeXus Markets recently solved.

By creating a bridge that connects DeFi to CeFi, Nexus Markets are now able to offer DeFi-level yields to their users through the integration with Alkemi Network.

The institutional-grade liquidity platform of Alkemi Network connected to the user-friendly and familiar interface of Nexus Markets gives users access to DeFi earnings while removing the innately complicated process of decentralized finance.

Aside from the partnership giving CeFi users access to DeFi, it also gives Nexus users an opportunity to join a liquidity mining program and earn DeFi rates.

According to Brian Mahoney, CSO and Co-Founder of Alkemi Network, this setup will drive the next wave of digital asset growth.

DeFi liquidity, CeFi experience. We see this collaboration as a potent recipe for continued DeFi adoption. – Brian Mahoney, CSO and CoFounder, Alkemi Network

The CEO and CoFounder of Nexus Markets Ian McAfee also shared his thoughts on the partnership. In an interview, McAfee said,

“We facilitate DeFi through a familiar interface, so customers can access this new technology and the yields natively.”

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Joseph Joestar is a CoinQuora contributor. He works in various blockchain marketing content projects, specializing in written content such as technical whitepapers, press releases, and articles.