Alkemi Network, a decentralized liquidity network introducing institutional DeFi that thas been deployed as a Decentralized Autonomous Organization (DAO) live on the Ethereum mainnet, has just announced the launch of its native token.
It is worth mentioning that the main objective of the project is to bring CeFi institutions into the decentralized finance fold through compliant bridges providing DeFi access.
The project’s token, ALK, enables Alkemi Network participants to take part in the decisions affecting the future of the project.
The token is already available on the network of Ethereum, the largest cryptocurrency by market cap, at this contract address.
According to the project, each ALK token provides voters with 1 vote.
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The participants in the decentralized autonomous organization (DAO) can participate in the governance of the project at https://forum.alkemi.network/ as well as on the “✨-governance” channel on their Discord https://discord.gg/6qA8M5s4u9
It must be noted that Alkemi Network DAO voting takes place at https://snapshot.org/#/alkemidao.eth while the token is also now available on Uniswap.