ChainCatcher news, according to CoinDesk, the structured mining power protocol Alkimiya announced the introduction of a tool that allows users to hedge against the volatile Bitcoin transaction fee rates.Additionally, data from RootData shows that the project was established in 2021, with investors including Dragonfly, Castle Island Ventures, 1KX, GMR, Coinbase Ventures, Circle Ventures, Tribe Capital, and Robot Ventures.

ChainCatcher news, according to CoinDesk, the consensus capital market protocol Alkimiya announced the completion of a $7.2 million financing round, led by Castle Island Ventures and 1kx, with participation from Circle Ventures, Coinbase Ventures, and Dragonfly Capital Partners. It is reported that this round of financing aims to help miners and stakeholders attempting to hedge cash flow survive the bear market. In addition, Alkimiya plans to launch on the Ethereum mainnet this quarter.ChainCatcher previously reported that in March last year, Alkimiya officially launched on the Avalanche mainnet. (Source link)