Kraken Unveils Ethereum Layer-2 Blockchain Ink for DeFi Access

Kraken, one of the leading US-based crypto exchanges, has made a significant announcement in the world of decentralized finance (DeFi). The exchange has unveiled its Ethereum (ETH) layer-2 blockchain, named Ink, which is set to launch on testnet later this year.

In a statement released by Kraken, the exchange highlighted that Ink is designed to provide seamless access to DeFi for users. The blockchain is built on Optimism’s Superchain, a network of interconnected layer-2 chains powered by the open-source OP stack.

According to Kraken, the launch of Ink represents a natural evolution of their mission to empower users to move onchain with confidence and ease. The exchange believes that Ink has all the necessary resources, connections, and trust to shape the future of DeFi.

Optimism, the organization behind the Superchain, stated that Ink will join other prominent projects such as Sony’s Soneium, Coinbase’s Base, Uniswap’s Unichain, and World’s World Chain as part of the Optimism Collective. This collective aims to scale Ethereum to internet-level adoption.

Ink is expected to support various use cases within the DeFi space, including decentralized exchanges (DEXs), lending protocols, and yield farming. This will allow both crypto-native and crypto-curious participants to explore a wide range of onchain applications.

Overall, the launch of Ink by Kraken represents a significant step towards enhancing the accessibility and usability of DeFi for a broader audience. With the backing of Optimism and its participation in the Superchain, Ink is poised to contribute to the adoption of Ethereum and drive innovation within the DeFi ecosystem.