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US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year.
In a statement, Kraken said say the layer 2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi).
The blockchain is built on Optimism’s Superchain, a network of interconnected layer 2 chains powered by the open-source OP stack.
“As a natural evolution of our mission, Ink will serve as a seamless bridge to DeFi, allowing users to go on-chain with confidence and ease.”
Ink say it has all the resources, connections, and trust needed to build the future of DeFi.
“If everyone can access and understand DeFi, the paradigm will change. Unlocking potential that was previously only available to those in the traditional financial world.
We’re taking everything we’ve learned over the last 13 years of bringing crypto to the world and applying it to the onchain world.”
Optimism say Ink will join entertainment giant Sony’s Soneium, crypto exchange Coinbase’s Base, decentralized exchange (DEX) Uniswap’s Unichain and biometrics company World’s World Chain as part of the Optimism Collective that aims to scale Ethereum to internet-level adoption.
“Like all OP Chains in the Superchain, inkonchain is built on the OP Stack, contributes protocol fees back to the Optimism Collective, and participates in Optimism Governance.”
Optimism says Ink will support use cases such as DEXs, lending, and perpetual and yield protocols, allowing crypto-native and crypto-curious participants to explore a range of onchain apps.
“Ink will provide a seamless onchain DeFi experience for crypto-natives and crypto-curious, contributing to Ethereum adoption.”
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