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Jul 27, 2023 • 4 min read

Introducing Arkis: DeFi Prime Broker

The July 2023 post announcing the rebrand from Blink Finance to Arkis. Arkis is now an institutional prime broker that margins CeFi, DeFi and TradFi positions as one portfolio.

Editor's note, October 2026: This is the July 2023 post that announced the rebrand from Blink Finance to Arkis, before the protocol launched. Arkis is now an institutional prime broker that margins CeFi, DeFi and TradFi positions as one portfolio, with more than $400 million in credit deployed. More on Arkis today.

Introducing Arkis, a multichain prime brokerage with portfolio margin for institutional digital asset investors.

Illustration — Introducing Arkis: DeFi Prime Broker


We are excited to announce that today, Blink Finance is rebranding as Arkis. With a completely revamped website and a daring, fresh brand identity, we’re revolutionizing your engagement with decentralized finance. Discover how Arkis facilitates the provision of the most capital-efficient undercollateralized leverage for DeFi financial institutions and traders.

Arkis’s infrastructure allows users to leverage their on-chain trading positions across multiple protocols and blockchains within one on-chain margin account. Arkis brings to DeFi the most sophisticated margin engine for multichain portfolios that enables portfolio margin and solves on-chain prime-brokerage financing.

DeFi, Accelerated

Since our creation 10 months ago, we have been hard at work building Arkis Protocol and Arkis Margin Engine, two products that work together to enable multichain undercollateralized leverage that uses portfolio margin for institutional investors and professional asset managers.

Leverage provisioned by Arkis is distinguished by its adaptability, cross margining, and the multitude of strategies it supports. It facilitates a range of activities, from leveraged long and short positions to pairs trading, liquid staking derivatives (LSD), leveraged yield farming, and delta-hedged pools. Arkis delivers the essential infrastructure and capital required for advanced DeFi trading.

Read more about Use Cases here.

Solving the Fragmentation Problem

Arkis is addressing the fragmentation problem in the crypto world, particularly in the DeFi sector. The fragmentation issue arises due to the dispersion of liquidity across different chains (Ethereum, BSC, Polygon, Arbitrum) and protocols (AAVE, Uniswap, Curve). This fragmentation can lead to higher transaction costs, market impact, and slippage, making it more challenging for buyers and sellers to find each other. It also complicates the process of getting a clear overview of the market, as prices and relevant information are split across various exchanges.

Arkis solves this issue with two products: Arkis Protocol and Arkis Margin Engine. The Arkis Protocol consists of trading and liquidity pools and smart contracts adapters and implements multichain undercollateralized leverage powered by the Arkis Engine. Users can lock their liquidity in Arkis Protocol liquidity pools to passively earn interest on their tokens while others can borrow funds from pools to trade with leverage in DeFi.

The Arkis Margin Engine is a centralized portfolio analytics system that evaluates portfolio risk and calculates the initial and maintenance margin needed to provide leverage to a user. This system allows users to get multichain leverage on various protocols with much lower LTV than traditional credit protocols.

The Advent of a DeFi-native Prime Brokerage

DeFi will require something more than a straightforward analog of TradFi Prime Brokerage in order to solve the reductive on-chain trading experience and inefficient portfolio risk calculation. Unique financial primitives are being created constantly within the DeFi, which has blossomed into a diverse and broad ecosystem with tools enabling almost any use case known in TradFi.

Professionals and Financial Institutions will need proper navigation tools within this beautiful financial chaos in order to lead the adoption of DeFi. Unfortunately, the required infrastructure is not there and has to be built.

Every infant asset class or financial ecosystem was once unstable, hectic, and scary to newcomers, but what we are currently seeing is just history repeating itself; you just need to learn the pattern.

That is why we’ve built Arkis, a multichain DeFi leverage protocol that aims to become prime brokerage middleware to DeFi.

We are working together with funds and DAOs to build products and aim to launch on Testnet in October 2023 — only 2 months away. Don’t hesitate to reach out and join our exclusive list of financial institutions that help revolutionize DeFi prime brokerage!

About Arkis

Arkis is an institutional prime broker that margins CeFi, DeFi and TradFi positions as one portfolio. Backed by Spark, Arkis has deployed over $400M in institutional credit with zero bad debt. Author Oleksandr Proskurin is the Co-founder and Chief Product Officer.

You can follow us on LinkedIn and Twitter and join our Announcements channel on Telegram to be the first to hear about product updates.

Prospective clients can reach the Arkis team through contact form on arkis.xyz/request-access

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Borrowers

Access capital-efficient leverage through a unified margin framework

LIQUIDITY PROVIDERS

Deploy capital through a governed, transparent risk framework

Disclaimer

This website is for informational purposes only and is only intended for sophisticated persons or institutional investors. Neither PRM LBS Ltd., Arkis Opco Ltd., nor Arkis Panaco Corp. (individually and collectively “Arkis”) service retail counterparties, and the information on this website is NOT intended for retail investors.

The material published on this website is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Arkis or any of its affiliates. Any information contained in this website is not and should not be regarded as investment, debt or derivatives research for the purposes of any regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory, and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction.

"Arkis" is a marketing name for PRM LBS Ltd. and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each Arkis entity. For information about which legal entities offer which products and services, or if you are considering entering into a transaction, please reach out to an Arkis representative.

Borrowers

Access capital-efficient leverage through a unified margin framework

LIQUIDITY PROVIDERS

Deploy capital through a governed, transparent risk framework

Disclaimer

This website is for informational purposes only and is only intended for sophisticated persons or institutional investors. Neither PRM LBS Ltd., Arkis Opco Ltd., nor Arkis Panaco Corp. (individually and collectively “Arkis”) service retail counterparties, and the information on this website is NOT intended for retail investors.

The material published on this website is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Arkis or any of its affiliates. Any information contained in this website is not and should not be regarded as investment, debt or derivatives research for the purposes of any regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory, and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction.

"Arkis" is a marketing name for PRM LBS Ltd. and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each Arkis entity. For information about which legal entities offer which products and services, or if you are considering entering into a transaction, please reach out to an Arkis representative.

Borrowers

Access capital-efficient leverage through a unified margin framework

LIQUIDITY PROVIDERS

Deploy capital through a governed, transparent risk framework

Disclaimer

This website is for informational purposes only and is only intended for sophisticated persons or institutional investors. Neither PRM LBS Ltd., Arkis Opco Ltd., nor Arkis Panaco Corp. (individually and collectively “Arkis”) service retail counterparties, and the information on this website is NOT intended for retail investors.

The material published on this website is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Arkis or any of its affiliates. Any information contained in this website is not and should not be regarded as investment, debt or derivatives research for the purposes of any regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory, and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction.

"Arkis" is a marketing name for PRM LBS Ltd. and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each Arkis entity. For information about which legal entities offer which products and services, or if you are considering entering into a transaction, please reach out to an Arkis representative.

Borrowers

Access capital-efficient leverage through a unified margin framework

LIQUIDITY PROVIDERS

Deploy capital through a governed, transparent risk framework

Disclaimer

This website is for informational purposes only and is only intended for sophisticated persons or institutional investors. Neither PRM LBS Ltd., Arkis Opco Ltd., nor Arkis Panaco Corp. (individually and collectively “Arkis”) service retail counterparties, and the information on this website is NOT intended for retail investors.

The material published on this website is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of Arkis or any of its affiliates. Any information contained in this website is not and should not be regarded as investment, debt or derivatives research for the purposes of any regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory, and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction.

"Arkis" is a marketing name for PRM LBS Ltd. and its affiliates. Availability of products and services is subject to jurisdictional limitations and capabilities of each Arkis entity. For information about which legal entities offer which products and services, or if you are considering entering into a transaction, please reach out to an Arkis representative.