To dive deeper, check out the complete article from original source:
https://droomdroom.com/ink-krakens-layer-2-defi-bridge-explained/
Kraken has launched Ink, its Layer-2 DeFi bridge, built on Ethereum and Optimism’s OP Stack to bridge CeFi and DeFi, enhancing security, efficiency, and accessibility in decentralized finance.
As a Layer-2 solution, Ink improves Ethereum’s scalability by offering low gas fees, fast transactions, and robust security. It also supports Superchain ERC-20 tokens, allowing seamless cross-chain interactions. With backing from Kraken & Ethereum, Ink ensures institutional reliability, making DeFi more approachable and secure for a broader audience.
Ink’s testnet phase showed strong market demand, with 90,600 tokens deployed and over 1.22 million wallets engaged before its official launch. One of its standout features is 1-second block creation, significantly reducing transaction times compared to other Layer-2 solutions.
Kraken designed Ink to eliminate barriers between centralized and decentralized ecosystems, enabling users to access top DeFi applications seamlessly. By integrating Optimism’s rollups and Ethereum’s robust security, it ensures cost-efficient transactions with high safety standards.
With institutional backing, scalability, and interoperability, Ink is set to be a game-changer in the DeFi space. However, as with any investment, users should conduct thorough research (DYOR) before participating.
