The Ethereum-based protocol Alkimiya creates a Bitcoin fee hedging market

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.