Crypto alternate Kraken introduced the upcoming launch of Ink, an Ethereum layer-2 community primarily based on the Optimism Superchain, in an Oct. 24 assertion.
Ink goals to empower customers to commerce, borrow, and lend tokens with out the necessity for intermediaries, marking a major shift from Kraken’s present centralized alternate mannequin.
Ink founder Andrew Koller mentioned:
“Ink will work intently with builders and the neighborhood to create a compelling ecosystem for all. We’re excited to speed up the transfer onchain with an interoperable L2 that may make it much more seamless for crypto customers to entry DeFi. Ink the long run.”
The community plans to launch its testnet for builders later this 12 months, with a full rollout for retail and institutional customers anticipated within the first quarter of 2025.
Why Optimism Superchain?
Kraken said that its selection of the Optimism Superchain would enable it to learn from Ethereum’s strong safety. This might additionally place Ink as a part of the Superchain — a unified community of blockchains that shares safety, governance, and values designed to reinforce Ethereum scalability.
In the meantime, the alternate determination aligns with the rising development amongst main crypto corporations, together with Coinbase, Uniswap, and World, which leverage this expertise for his or her layer-2 networks.
Optimism Limitless Chief Progress Officer Ryan Wyatt commented:
“Optimism’s expertise powers the Superchain, and almost 50% of all Ethereum L2 transactions. As a part of this Superchain ecosystem, Ink will contribute to Optimism governance and drive income again to the Optimism Collective as we work collectively to scale Ethereum.”
Regardless of this vital adoption of Optimism expertise, Arbitrum stays the dominant layer-2 community, in keeping with DeFillama knowledge.
Kraken’s increasing product portfolio
The launch of Ink enhances Kraken’s increasing vary of merchandise geared toward solidifying its business place.
This month, the alternate launched kBTC, a brand new wrapped Bitcoin product designed to reinforce the highest crypto availability in DeFi actions. The agency said that every kBTC is securely backed 1:1 by an equal quantity of Bitcoin held in its custody.
Additional, Kraken additionally introduced the mixing of EigenLayer to permit its customers to restake their ETH straight from its platform.
As well as, Kraken has launched a derivatives buying and selling platform in Bermuda following the acquisition of a Class F Digital Enterprise License from the Bermuda Financial Authority (BMA).
