June 30, 2025 - Keyring Network, in collaboration with Euler Finance, Multipli, and Pyth Network is launching zkVerified markets on Avalanche, solving DeFi's biggest problem: how institutions can verify counterparties without killing privacy.
The zkVerified lending pool offers net yields of 25-35% annualized*, combining an 8-14% base yield from xUSDC's delta-neutral strategies (contango + perp arbitrage) - compared to just 2-4% on European Government Bonds.
Powered by Keyring Connect, zkVerified markets use zero-knowledge (ZK) proofs and MPC-TLS to verify users without exposing personal data, solving DeFi's biggest institutional barrier: the inability to verify counterparties while preserving privacy.
The missing link for institutional capital
DeFi's $113 billion TVL is dwarfed by traditional finance's hundreds of trillions. Institutional capital has remained locked out due to an impossible choice: institutions demand verification, but traditional KYC destroys DeFi's privacy promise, while unverified markets expose participants to farmers, manipulation, and fraud.
zkVerified markets solve this by creating verified pools where users prove eligibility through cryptographic proofs without revealing identity. This represents DeFi's evolution toward institutional-grade access controls that meet compliance standards while preserving privacy and decentralization.
Why this collaboration matters
The zkVerified markets bring together best-in-class DeFi infrastructure:
Keyring Network developed the privacy-preserving verification layer through zero-knowledge proofs and MPC-TLS technology. Users can prove credentials from trusted platforms like Binance or Revolut without exposing personal data or creating wallet-to-identity links.
Euler Finance contributes proven lending protocol infrastructure with innovative risk management capabilities.
Multipli supplies xUSDC collateral infrastructure, generating consistent base yields of 8-14% from delta-neutral strategies (contango and perpetual arbitrage).
Pyth Network delivers institutional-quality, real-time price feeds essential for accurate risk management.
Avalanche provides high-performance blockchain foundation with 6,500+ TPS and near-instant finality, the same infrastructure chosen by BlackRock and JP Morgan.
Pool details & returns
The zkVerified pool offers USDC lending into xUSDC with a maximum capacity of $50M and a 96% loan-to-liquidation-threshold-value (LLTV). Access requires verification through various centralised exchange accounts via Keyring's secure MPC-TLS login system.
How zkVerified markets work
Users can prove they're verified on trusted platforms without revealing their identity, like showing your ID to enter a club, but the bouncer only sees "verified," not your personal details.
Powered by Keyring Connect:
Users prove verification status through existing platforms (Binance, Revolut, Coinbase)
Keyring creates cryptographic proof: "this person is verified"
Smart contracts recognize the proof and grant access to verified pools
No personal information goes on-chain, no wallet-to-identity links are created
This creates institutional-grade DeFi where lenders know counterparties are legitimate without knowing who they are, borrowers access capital without surveillance, and protocols reduce risk without compromising decentralization.
Benefits for all users
For institutions: Access to 8-14% yields with verified counterparties, far exceeding traditional fixed-income alternatives while maintaining compliance without data liability.
For retail users: Protection from industrial farmers and malicious actors, access to institutional-grade yield opportunities, and preserved privacy through zero-knowledge verification.
For the Ecosystem: Demonstrates how DeFi can scale to institutional levels without sacrificing privacy or decentralization, potentially unlocking trillions in sidelined capital.
Building DeFi's trust framework
zkVerified markets create a two-tier DeFi ecosystem: open pools for general participation and verified pools for institutional-grade infrastructure. This isn't centralization, it's choice and evolution.
As regulatory pressure mounts and DeFi-TradFi convergence accelerates, zkVerified markets provide the institutional onramp DeFi needs to scale while preserving crypto's foundational principles of privacy and user sovereignty.
The future is verified, not surveilled.
About the projects
Keyring Network provides the universal access layer for DeFi, enabling anonymous verifiable access through zero-knowledge proofs. Visit keyring.network for more details.
Euler Finance Euler Finance is a technically advanced DeFi lending protocol with over $2 billion in TVL. Known for its innovative approach to lending, borrowing, and risk management, Euler empowers users with secure, transparent, and composable financial tools.
Multipli provides institutional-grade stablecoin infrastructure through xUSDC, combining delta-neutral strategies with cross-chain compatibility.
Pyth Network delivers high-fidelity, real-time market data for next-generation DeFi applications.
Avalanche is the high-performance blockchain platform providing institutional-grade infrastructure for scalable DeFi applications.
For more information about zkVerified markets:
Keyring Network: info@keyring.network
Euler Finance: press@euler.finance
Important Disclaimer
This announcement is for informational purposes only and does not constitute an offer, solicitation, or recommendation to invest in any DeFi protocols or products. Keyring Network is not acting as a financial advisor or intermediary and only provides the privacy-preserving verification layer and parameter configuration of the decentralised Euler protocol smart contracts.
Estimated yields (e.g., 25-35% annualised or 8-14% base) are illustrative, not guaranteed, and subject to significant risks, including loss of principal, market volatility, smart contract issues, and regulatory changes. Users must conduct their own research and seek independent financial and legal advice before participating.
This announcement is not directed at jurisdictions where zkVerified markets are unlawful or restricted, including the UK, where financial promotions are regulated by the Financial Conduct Authority under the Financial Services and Markets Act 2000. This is not a financial promotion and has not been approved by an FCA-authorised person. UK residents and others in regulated jurisdictions should consult professionals to ensure compliance.
For more details refer to documentation from Euler Finance, Multipli, Pyth Network, and Avalanche. Keyring Network is not liable for actions taken based on this announcement.