Ink, a layer-2 blockchain developed by crypto exchange Kraken and built on the Optimism Superchain, has officially launched its mainnet ahead of schedule. This move comes in response to strong demand from builders and community support, indicating a high level of engagement and readiness for the platform’s debut. The mainnet went live on Dec. 18, marking a significant milestone for Ink Chain.
One of the key partnerships Ink has secured is with RedStone, an oracle platform that will serve as the official partner for decentralized finance on the network. RedStone’s modular architecture will provide real-time price feed data, enabling users to securely interact with and utilize accurate, real-time data across the DeFi ecosystem. This partnership will also include support for Bitcoin staking, further enhancing the functionality and utility of the platform.
RedStone, backed by Arrington Capital, offers cross-chain data feeds across Ethereum, Avalanche, and Polygon ecosystems. The network utilizes the decentralized data storage platform Arweave for permanent data storage, ensuring reliability and security. This partnership with RedStone will play a crucial role in bolstering the Ink ecosystem and accelerating the adoption of DeFi applications and protocols.
Ink’s blockchain architecture is optimized for deploying on-chain protocols with fast block times, low transaction fees, and robust interoperability. As part of Ethereum’s scaling solutions landscape, Ink is designed to bridge Ethereum and decentralized finance protocols effectively. The platform aims to empower engineers to create the next generation of DeFi applications and protocols, with RedStone’s oracle solutions providing reliable data and custom feeds to drive innovation and growth within the ecosystem.
Overall, the early launch of Ink’s mainnet reflects the platform’s commitment to meeting the needs of its community and building a strong foundation for future growth and development. With partnerships like RedStone in place, Ink is well-positioned to drive innovation in the DeFi space and offer unique solutions to users looking to leverage the benefits of blockchain technology.