Kraken's $INK on the move again:Aave DAO voting to deploy Aave 3 on Ink but with a twist:- Unlike Aave deployments on other chains

CN
6 hours ago

Kraken's $INK on the move again:

Aave DAO voting to deploy Aave 3 on Ink but with a twist:

- Unlike Aave deployments on other chains, Ink will have a whitelabel version, centrally governed by the Ink Foundation without a governance token

- Name TBD but it will feature "Powered by Aave" branding

- The Ink Foundation promises incentives including liquidity mining to bring over $250m in supply. An initial 4% of 'future governance token' supply is targeted for these incentives

- Ink Foundation will make this their sole onchain lending focus and avoid engaging with other lending protocols for at least 12 months

- Aave DAO will get a share of the platform's revenue.

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Ink is thinking differently: They recently partnered with Vertex to launch exclusively on INK (while shutting down on other chains)


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