Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
June 17, 2025 at 20:22
Ethereum's Kraken Unveils INK Token for Revolutionary Layer-2 Network
Crypto exchange Kraken is set to launch a new token, INK, for its Ethereum layer-2 network, Ink, developed by the independent Ink Foundation.
First launched in October 2022, the Ink Network is built on Optimism’s OP Stack, forming part of the Optimism Superchain, which connects various Ethereum layer-2 solutions.
The Ink Foundation aims to leverage the INK token to foster a new wave of decentralized finance (DeFi), focusing on concentrated liquidity and essential functionalities.
Notably, INK will not function as a governance token; instead, it will adhere to revenue sharing with the Optimism Collective while governance remains through Optimism.
With a capped supply of 1 billion tokens, INK's initial use case will center around a liquidity protocol supported by the well-known DeFi platform, Aave.
The Foundation foresees INK empowering a vibrant DeFi ecosystem, facilitating various activities such as lending and trading.
Early adopters of the Aave-powered protocol will have the chance to receive INK tokens through an airdrop as part of the token distribution plan.
However, specific details regarding the launch timeline and broader tokenomics remain undisclosed.
The Ink Foundation, although established independently, will oversee the network's development and ensure the token's adaptability and growth within the ecosystem.
This initiative marks a significant milestone in Kraken's ongoing efforts to enhance DeFi capabilities on Ethereum.
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