Kraken, a US-based crypto exchange, has recently announced the launch of its Ethereum layer-2 blockchain named Ink. This new blockchain, set to be launched on testnet later this year, is designed to provide seamless access to decentralized finance (DeFi) applications.
Ink is built on Optimism’s Superchain, which is a network of interconnected layer-2 chains powered by the open-source OP stack. According to Kraken, Ink will serve as a bridge to DeFi, allowing users to transact on-chain with confidence and ease. The goal of Ink is to democratize access to DeFi, making it available to a wider audience beyond traditional finance players.
The team behind Ink is confident in their ability to build the future of DeFi, leveraging their resources, connections, and trust in the industry. By drawing on their 13-year experience in the crypto space, they aim to bring the benefits of DeFi to a broader audience.
Optimism, the organization behind the Superchain, has welcomed Ink into the Optimism Collective, which includes other projects like Sony’s Soneium, Coinbase’s Base, Uniswap’s Unichain, and World Chain. This collective aims to scale Ethereum to internet-level adoption by supporting innovative use cases and contributing to the growth of the ecosystem.
Ink will support a variety of DeFi applications, including decentralized exchanges (DEXs), lending platforms, and yield protocols. This will enable both crypto-native users and those new to the space to explore different on-chain applications and participate in the growing DeFi ecosystem.
Overall, Ink’s launch represents a significant step towards making DeFi more accessible and user-friendly. With its integration into the Optimism Collective and support for various DeFi use cases, Ink is poised to contribute to the broader adoption of Ethereum and decentralized finance.