In a breakthrough for decentralized finance, Keyring Network has partnered with leading DeFi platforms Euler Finance, Multipli, and Pyth Network to launch the first zkVerified markets on the Avalanche blockchain. These markets are designed to unlock institutional capital by merging privacy-preserving technology with regulatory-grade verification, marking a major evolution in on-chain finance.
At the core of this innovation is Keyring Connect, a verification layer built on zero-knowledge proofs (ZKPs) and MPC-TLS encryption, allowing users to prove account ownership on centralized platforms like Binance and Revolut without exposing personal data or wallet ties. This breakthrough makes it possible for institutional investors to participate in DeFi without compromising on compliance or privacy.
🔍 Verified, Not Surveilled
The zkVerified lending pools offer 25–35% net annualized yields, utilizing Multipli’s xUSDC collateral strategies, including delta-neutral tactics like contango and perpetual arbitrage far surpassing the 2 – 4% returns offered by traditional government bonds.
But beyond competitive yields, the platform introduces a tiered system:
- For Institutions: Verified access to high-yield markets (8–14%) with trusted counterparties, maintaining compliance without handling sensitive user data.
- For Retail Users: Shielded from industrial-scale arbitrage and bad actors, with access to premium yield strategies while preserving privacy through ZK verification.
- For the Ecosystem: A scalable, privacy-first trust framework that positions DeFi as a serious contender to traditional finance, potentially unlocking trillions in sidelined capital.
According to the team, this isn’t centralization, it’s choice with integrity. The system introduces a two-tier structure: open participation pools for general users, and zkVerified pools for institutions needing robust due diligence and permissioned access.
The Collaboration Behind the Revolution
- Keyring Network: Developed the ZK-based universal access layer enabling anonymous verifiable access
- Euler Finance: Built the underlying lending and risk infrastructure, already supporting over $2B in total value locked (TVL)
- Multipli: Provides xUSDC collateral backed by delta-neutral strategies with cross-chain compatibility
- Pyth Network: Delivers high-fidelity, real-time institutional market data
- Avalanche: Hosts the zkVerified markets with rapid throughput and sub-second finality
Launch Incentives
The initial zkVerified pool is capped at $50 million, with a 96% loan-to-liquidation threshold. Access is granted via secure, identity-preserving logins linked to CEX accounts. To jumpstart adoption, Keyring has allocated $450,000 in incentives for the first three months, with a $14 million incentive program planned for upcoming permissioned pools.
Building DeFi’s Trust Layer
With regulatory pressure escalating and DeFi–TradFi convergence accelerating, zkVerified markets offer a much-needed institutional onramp—one that doesn’t compromise on crypto’s core values of decentralization, privacy, and user sovereignty.
As the team puts it: “The future is verified, not surveilled.”
Learn More About the Builders
- Keyring Network: Pioneering ZK-proof access layers for DeFi – keyring.network | 📧 info@keyring.network
- Euler Finance: Advanced lending and risk management protocol – 📧 press@euler.finance
- Multipli: Institutional-grade stablecoin infrastructure with delta-neutral yield strategies
- Pyth Network: Real-time data feeds for next-gen DeFi markets
The client provides this publication. Blockbzzed.com does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Blockbzzed.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
