💰 TechStars-backed Alkemi enters DeFi race with $16 million liquidity pool
Alkemi, a DeFi app startup, has dumped $16 million into a 'honeypot' for crypto exchanges to scoop into upon sudden demand spikes and inter-settlement lag. Depositors will maintain control of private keys with Alkemi loaning out funds at interest. Starting with Ethereum ($ETH), Alkemi is looking to onboard Bitcoin ($BTC), various stablecoins, XRP ($XRP), and other tokens by its 2020 app launch date after passing security audits.
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