The Ethereum L2 project Ink incubated by Kraken has launched the lending protocol Tydro based on Aave v3

ChainCatcher news, according to The Block, the Ethereum Layer 2 network Ink supported by Kraken has officially launched the white-label lending protocol Tydro, built on Aave v3, and supports its native token INK as an incentive tool.

Tydro will serve as the core infrastructure of the Ink ecosystem DeFi, initially supporting assets such as wETH, kBTC, USDG, USDT 0, and GHO. Users can accumulate points to participate in future airdrops, and Kraken also plans to integrate Tydro into its centralized trading products. The total value locked on the Ink chain has currently surpassed 140 million dollars.