Alkimiya is a decentralized finance (DeFi) protocol designed to support miners and staking validators by allowing them to hedge their cash flow through hashpower-backed contracts and structured products. Alkimiya operates primarily on Ethereum, with plans to expand to other blockchains.

Alkimiya secured $7.2 million in funding, led by Castle Island Ventures and 1kx, with additional support from Dragonfly, Circle Ventures, and Coinbase Ventures.