The Ink Foundation has unveiled plans to launch the INK token, designed to serve as a foundational asset for decentralized finance (DeFi) applications on Kraken’s Ethereum layer-2 solution, the Ink Network. The token will prioritize concentrated liquidity and community-driven functionalities to enhance the ecosystem’s DeFi capabilities.
INK will feature a fixed supply of 1 billion tokens. Initial integration will occur through a liquidity protocol powered by Aave, aiming to accelerate lending activities and bootstrap financial infrastructure on the network.
Governance of the Ink Network will remain under the Optimism Collective, establishing a clear separation between the token’s utility functions and network oversight. The Ink Foundation will independently manage the network’s development, balancing Kraken’s foundational role with a commitment to decentralized evolution.
Focused exclusively on economic applications, INK will support community-level DeFi operations including liquidity provision and lending mechanisms. This design emphasizes practical utility over governance influence, positioning the token as a dedicated tool for application-layer financial activities.