The bitcoin (BTC) and cryptocurrency exchange Kraken announced this Thursday, October 24, the launch of Ink, a new layer 2 built on the Optimism Superchain, with the aim of reducing the barriers between centralized and decentralized ecosystems. As reported, Ink seeks to transform itself into an attractive DeFi ecosystem by promising to “eliminate friction points” that, they claim, have made interaction between these worlds difficult.
Kraken says Ink will allow users to effortlessly interact with top-tier decentralized finance (DeFi) applications and protocols, offering access to on-chain wealth creation opportunities. Joining the Ethereum ecosystem, Ink will be based on Optimism's open source OP Stack, and will also be MIT licensed, designed to scale. and improve the interoperability of the Ethereum network.
According to Kraken, Ink inherits the security of Ethereum and is part of the Superchain. The latter is a network of different blockchains that operates on a common code base, sharing security, governance and values. This unified layer 2 network works together to scale Ethereum, offering a cohesive approach to expanding the reach and accessibility of DeFi. Soon, Ink will be launched on a testnetjoining other Ethereum L2s that seek to make DeFi “more accessible than ever and accelerate the migration of assets and activity on the chain,” the exchange says. They also detail that this L2 will be compatible with SuperchainERC20 from its launch, facilitating movement through the Superchain ecosystem and establishing the foundation for fluid interactions between Ink and other OP Chains. This year, layers 2 have shown an increase in efficiency, as reported by BitcoinDynamic. In line with this trend, Uniswap recently announced the launch of Unichain, another layer 2 of Ethereum, reflecting a growing interest in improving the DeFi infrastructure on this network.
This article was created using artificial intelligence and edited by a human Editor.