Kraken, a historic cryptocurrency exchange platform, is following the trend and announcing the upcoming release of “Ink”, its own layer 2. The latter will be built on the Optimism Superchain, and should be fully dedicated to decentralized finance (DeFi ).
Kraken unveils “Ink”, its layer 2 built on the Optimism Superchain
It is one of the oldest cryptocurrency exchanges in the ecosystem, and it is preparing to launch its own blockchain. Today, Kraken revealed “Ink”a layer 2 which will be mainly focused on decentralized finance (DeFi).
Ink (for ink, in English – a reference to the kraken) will be a blockchain built on the Optimism Superchain, joining Base, OP Mainnet, Worldchain, Zora and soon Unichain, layer 2 recently unveiled by Uniswap.
According to the Ink website, the testnet will be open on December 11. It is already possible to join the Discord server dedicated to this layer 2, and the mint of an official NFT has also been launched on Zora, which will be possible to retrieve until Friday October 25 at 5 p.m.
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Interviewed by Bloomberg, Andrew Koller, the founder of Ink, indicated that around forty people were working on layer 2. The latter should offer a block finalization time of one second, in addition to very low fees.
According to him, the Ink ecosystem will be available from the Kraken Wallet application for a simplified user experience, with DeFi being a barrier for many novices.
It's a very easy to use experience, the Apple way. Over time, our users will have these two ecosystems, centralized and decentralized, interacting. We want you to feel like you're doing something familiar.
From its official launch, planned for the first quarter of 2025layer 2 of Kraken should offer aggregators and decentralized exchanges (DEX). Down the road, Ink could also host real-world asset (RWA) applications, according to Andrew Koller.
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Will layer 2 have its own token?
In its early stages, Kraken is expected to fully occupy the role of blockchain sequencer, therefore generating revenue for transaction processing. Ultimately, however, this process should become decentralized.
According to its founder, Ink will not have a dedicated token.
🗞️ In similar news — Bitcoin: Kraken launches kBTC, its own ERC-20 version of BTC
Kraken's choice to deploy its own blockchain makes sense, considering the success of Base, layer 2 of the American crypto exchange Coinbase.
Today, the total value locked (TVL) of the latter even exceeds Arbitrum, historical leader in this sector, and the number of active addresses listed on it continues to grow.
A few months ago, we learned that Kraken was planning a final fundraising round before a possible IPO.
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Source: Bloomberg
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