• The zkVerified lending pool offers 25–35% annualised yields, with 8–14% base yield from xUSDC’s delta-neutral strategies.
  • Keyring’s zero-knowledge verification allows users to access verified pools without exposing personal data or linking identities to wallets.

In a major leap toward institutional-grade decentralised finance (DeFi), Keyring Network has joined forces with Euler Finance, Multipli, and Pyth Network to launch zkVerified markets on the Avalanche blockchain.

These next-generation lending markets aim to solve one of DeFi’s biggest pain points: verifying counterparties without compromising user privacy.

The new zkVerified lending pools offer net annualised yields of 25-35%, including a base yield of 8-14% from xUSDC's delta-neutral strategies such as contango and perpetual arbitrage. These returns stand in stark contrast to the 2-4% yields typically available through European government bonds.

By leveraging zero-knowledge (ZK) proofs and MPC-TLS via Keyring Connect, users can prove credentials from platforms like Binance or Revolut without revealing personal data or linking wallets to identities. Smart contracts verify access eligibility while preserving decentralisation.

The collaboration brings together top DeFi infrastructure providers:

  • Keyring Network delivers the ZK-based verification layer.
  • Euler Finance contributes advanced lending protocol infrastructure and risk controls.
  • Multipli provides xUSDC collateral for base yield generation.
  • Pyth Network ensures accurate risk management with real-time institutional-grade price feeds.
  • Avalanche underpins the ecosystem with high throughput and near-instant finality.

Unlocking Institutional Capital

DeFi’s current $113 billion total value locked (TVL) pales in comparison to traditional finance.

The lack of compliant identity verification mechanisms has kept institutions at bay. zkVerified markets address this with a two-tier infrastructure: open pools for general users and verified pools for institutions.

This system enables institutions to access superior yields without data liabilities, retail users to avoid malicious actors, and protocols to scale responsibly.

As the DeFi-TradFi convergence accelerates, zkVerified markets may be the key to unlocking trillions in sidelined capital, without sacrificing crypto’s core principles.

Edited by Harshajit Sarmah