Kraken’s Ink Foundation is preparing to launch the new token INK to strengthen the DeFi ecosystem and governance structure.

INK will initially enable the operation of an AAVE-based liquidity protocol and will lay the foundation for lending and borrowing functions within the Ink ecosystem.

Users participating in the liquidity protocol will qualify to participate in INK’s first airdrop; this aims to support the fair distribution of tokens and create a sustainable tokenomics.

Kraken’s Ink Foundation is launching the INK token to support the DeFi liquidity protocol operating on AAVE. Participation in the airdrop is contingent upon being an active user in the ecosystem.

INK Token Launch: Strengthening Kraken's DeFi Vision

The Ink Foundation, a Layer 2 blockchain project developed by Kraken, announced the launch of its native token INK. This development is seen as a significant milestone in the DeFi space. Since December, Ink has rapidly expanded its infrastructure, becoming a notable player in the decentralized finance field.

Unlike traditional governance tokens, INK aims to govern the DeFi ecosystem rather than the Layer 2 chain itself. This indicates that Kraken is focusing on capital markets and DeFi applications in its decentralization strategy.

INK, which is limited to a total supply of 1 billion tokens, aims to maintain its value by minimizing inflation risk. This limitation creates a solid ground for the use of the token within the ecosystem while preventing it from being used as a speculative governance tool.

Liquidity Protocol on AAVE: INK’s First Step

The first use case of INK will be a liquidity protocol that integrates with AAVE's lending and borrowing technology. This protocol aims to enhance capital efficiency and strengthen the DeFi foundations of the Ink ecosystem.

The developers of the Ink Foundation state that this liquidity protocol will be a critical building block for future applications and will offer high liquidity and advanced DeFi functions with AAVE's robust infrastructure. This integration is expected to create innovative opportunities for both developers and users.

Airdrop Mechanism and Fair Token Distribution

The Ink Foundation has established eligibility criteria for participating in the first INK airdrop to prevent airdrop farming and Sybil attacks. Users need to actively interact with the liquidity protocol; thus, tokens will be fairly distributed to those who provide real contributions to the ecosystem.

This method reflects a new approach that encourages active participation rather than passive holding in DeFi projects. The foundation plans to increase community participation with different airdrop criteria in the future.

Community Response and Future Perspective

Although the INK token launch has not yet resonated widely in the crypto community, early supporters are looking at the project with hope. Kraken's strong reputation and AAVE integration ensure that INK secures a strong position in the competitive DeFi market.

As the ecosystem grows and new applications are developed on the Ink infrastructure, the demand and use of the token may increase; thus, INK could become one of the important projects to follow in the Layer 2 and DeFi world.

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