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    Home - Cryptocurrency & Blockchain - Kraken-backed layer 2 Ink to launch $INK token
    Cryptocurrency & Blockchain

    Kraken-backed layer 2 Ink to launch $INK token

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    Kraken-backed layer 2 Ink to launch $INK token
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    Key Takeaways

    • The INK token will support onchain capital markets and DeFi ecosystem development on the Optimism Superchain.
    • A fixed supply of 1 billion INK tokens will be minted, and distribution will include airdrops to early users.

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    The Ink Foundation, an independent entity that manages Ink, the layer 2 blockchain originally developed and launched by Kraken, announced Tuesday its plans to debut the $INK token to support on-chain capital markets and DeFi ecosystem development.

    The token will be integrated with a new liquidity protocol powered by Aave technology.

    most tokens launch with a vibe and a prayer.$ink is launching with utility.

    a single-token model designed for usage, not speculation.

    no fluff. no governance theater. just aligned incentives from day one. https://t.co/DE8dKZP7PA

    — ink (@inkonchain) June 17, 2025

    The $INK token will launch with a capped supply of 1 billion, permanently fixed and not subject to governance changes. The exact date for minting has yet to be confirmed.

    $INK will also play no role in governing the Ink layer 2 network, which remains under the Optimism Superchain structure.

    The foundation plans to distribute INK tokens through an airdrop to early users of the liquidity protocol, implementing measures to prevent airdrop farming. Token distribution is expected to be handled by a subsidiary of the Ink Foundation.

    “From lending to trading and beyond, the Ink Foundation envisions a future where INK powers a robust DeFi ecosystem governed by its users and aligned with their success,” the foundation stated.

    Kraken rolled out Ink in December last year, targeting to facilitate DeFi trading and lending. The layer 2 network adopts OP Stack technology and is integrated into the Kraken Wallet app to enhance user-friendliness and accessibility.

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