Crypto Exchange Kraken Announces Launch of New Ethereum Layer-2 Chain ‘Ink’

US-based crypto trade Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will likely be launched on testnet later this yr.

In a press release, Kraken mentioned say the layer 2 blockchain, referred to as Ink, is designed to allow seamless entry to decentralized finance (DeFi).

The blockchain is constructed on Optimism’s Superchain, a community of interconnected layer 2 chains powered by the open-source OP stack.

“As a pure evolution of our mission, Ink will function a seamless bridge to DeFi, permitting customers to go on-chain with confidence and ease.”

Ink say it has all of the assets, connections, and belief wanted to construct the way forward for DeFi.

“If everybody can entry and perceive DeFi, the paradigm will change. Unlocking potential that was beforehand solely obtainable to these within the conventional monetary world.

We’re taking every little thing we have discovered over the past 13 years of bringing crypto to the world and making use of it to the onchain world.”

Optimism say Ink will be a part of leisure large Sony’s Soneium, crypto trade Coinbase’s Base, decentralized trade (DEX) Uniswap’s Unichain and biometrics firm World’s World Chain as a part of the Optimism Collective that goals to scale Ethereum to internet-level adoption.

“Like all OP Chains within the Superchain, inkonchain is constructed on the OP Stack, contributes protocol charges again to the Optimism Collective, and participates in Optimism Governance.”

Optimism says Ink will help use circumstances equivalent to DEXs, lending, and perpetual and yield protocols, permitting crypto-native and crypto-curious individuals to discover a spread of onchain apps.

“Ink will present a seamless onchain DeFi expertise for crypto-natives and crypto-curious, contributing to Ethereum adoption.”

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