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Kraken launches Ink: the new Layer 2 blockchain on Ethereum
By Daniele Corno
Ink, Kraken's new Layer 2 blockchain, will be based on Ethereum and built with the OP Stack. Testnet in 2024 and mainnet in 2025
Ink: Kraken's Layer 2 blockchain
Kraken today unveiled Ink, a new blockchain Layer 2 based on Ethereum.
It aims to make decentralized finance (DeFi) easier for everyone to use. The testnet will be available by the end of 2024, while the official launch of the mainnet is scheduled for early 2025.
1: Curious about Ink?
Dive in and learn about what we’re doing, why we’re doing it, and how you can get involved whether you’re a builder or a user.
👇
— ink (@inkonchain) October 24, 2024
Ink leverages Optimism ‘s OP Stack , the same technology used byCoinbase ‘s Ethereum Base Layer 2 and Uniswap ‘s Unichain. In fact, thanks to this infrastructure, Ink will offer users a simple and highly scalable experience.
Kraken aims to simplify the use of DeFi, making tools such as trading and lending more accessible. With more than 13 years of experience, Kraken intends to make Ink a benchmark platform in the world of decentralized finance.
An ecosystem for developers and users
Ink will not have its own token. At first, Kraken will handle transactions as a single sequencer, but will decentralize this role over time.
At launch also, more than 12 DeFi applications will be available, including decentralized exchanges and lending platforms. Ink will offer developers an easy-to-use environment with advanced tools and ongoing support.
The goal is to reduce technical complexities and encourage the adoption of DeFi applications. With one-second block times, Ink will ensure fast and secure transactions.
Kraken will also participate in the governance of the Superchain, contributing to the growth of the Ethereum ecosystem.
