Kraken introduces major enhancements to Layer 2 Ink network
Kraken launches Layer 2 Ink, featuring fault-proof security
Kraken has unveiled significant upgrades to its Layer 2 Ink network, incorporating fault-proof features and the first stage of deployment to enhance the user experience for early testnet participants.
These updates bolster security and functionality, enabling users to self-withdraw assets to Ethereum, review and challenge rollup transactions, and access a dedicated security committee to safeguard assets in case of disputes.
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The Ink team began open testing on November 7, allowing participants to explore the network's potential, according to Coincu. Positioned as a Layer 2 bridge, Ink aims to revolutionize decentralized finance (DeFi) by accelerating transactions, lowering fees, and providing flexibility. The mainnet launch is scheduled for Q1 2025.
Optimism-powered DeFi innovations
Kraken Layer 2 Ink leverages Optimism technology, focusing on DeFi use cases such as trading, lending, and borrowing. Built on the open-source OP Stack by Optimism, Ink ensures full compatibility with the Ethereum ecosystem, enhancing its interoperability and scalability. It will also play a key role in the Optimism Superchain, a network of interconnected Layer 2 blockchains designed to operate with a unified development stack and security model.
The decision to integrate Optimism technology was supported by a collaboration with the Optimism Foundation, which allocated 25 million OP tokens to the Ink project in early 2024. This partnership underscores a shared vision of improving blockchain scalability and usability.
Streamlining liquidity across ahains
By joining the Optimism Superchain, Ink aims to simplify liquidity flow between interconnected chains. This streamlined process is expected to contribute to a more efficient and scalable blockchain ecosystem, addressing critical DeFi challenges such as high costs and slow transaction speeds.
The design of the Ink network reflects Kraken’s commitment to advancing DeFi infrastructure while maintaining robust security measures. Its fault-proof system provides users with confidence, ensuring asset protection and transaction transparency.
Future implications
The introduction of Kraken Layer 2 Ink marks a promising step toward making decentralized finance more accessible and efficient. Powered by Optimism technology and integrated into the Superchain, Ink positions itself as a vital component of next-generation blockchain infrastructure.
As the network progresses toward its mainnet launch in 2025, it is poised to transform DeFi interactions by offering a seamless, cost-effective, and secure platform. The early testnet rollout represents a significant milestone in Kraken’s efforts to enhance blockchain experiences and foster the broader adoption of decentralized technologies.
Previously, Kraken launched licensed brokerage services in Australia.
