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42 (prev. Alkimiya) is a decentralized derivatives protocol that brings fixed and variable yield markets to Ethereum. By enabling users to tokenize and trade future block space and staking yields, it serves as a foundational layer for DeFi-native interest rate markets.
On June 1, 2021, Alkimiya raised an undisclosed amount in its first private round. The project secured early support from Dragonfly Capital, Robot Ventures, Castle Island Ventures, and angel investor Derek Hsue, highlighting strong institutional confidence at the earliest stage.