TL;DR
- Kraken Layer 2 Ink reinforces security and efficiency in DeFi with autonomous withdrawals to Ethereum, transaction review capabilities, and an asset protection committee.
- Backed by the Optimism Foundation with a grant of 25 million OP tokens, Ink moves toward its official launch in Q1 2025 as part of the Optimism Superchain.
- Ink’s integration promises to enhance scalability and liquidity flow across interoperable blockchains, optimizing the experience for users and developers.
Kraken Layer 2 Ink has bolstered security and functionality in decentralized finance (DeFi) with the launch of its first public testing phase and the implementation of advanced protection mechanisms.
This project, designed as a Layer 2 solution on the Ethereum network, incorporates fundamental innovations such as self-withdrawals to Ethereum, the ability to review and challenge rollup transactions, and the establishment of a security committee dedicated to protecting user assets in case of disputes.
Preparations for the Mainnet Launch
The Ink team began open network testing on November 7, marking a crucial phase in the project’s development. This phased implementation aims to ensure stability and optimize user experience ahead of the mainnet’s official launch, scheduled for the first quarter of 2025. Kraken seeks to build a robust solution that meets the demands of the current crypto ecosystem.
Ink is built on Optimism technology and is part of the Optimism Superchain, a network that integrates interoperable Layer 2 blockchains through a unified development stack and shared security model. This design ensures full compatibility with Ethereum while leveraging the OP Stack, an open-source infrastructure that facilitates scalable decentralized application (dApp) development.
Kraken Gains Unwavering Support from the Optimism Foundation
The Optimism Foundation supported this project with a grant of 25 million OP tokens delivered at the start of 2024, demonstrating clear confidence in Ink’s potential to revolutionize the DeFi economy. Thanks to this funding, Kraken Layer 2 Ink can focus on its mission to enhance the efficiency of DeFi activities such as trading, lending, and financing operations.
Ink’s integration into the Optimism Superchain promises to transform liquidity flow between interconnected chains, offering a more scalable and cohesive ecosystem. Additionally, by reducing costs and increasing transaction speeds, this development could attract both users and developers seeking innovative solutions
