
Ignas | DeFi|Jul 18, 2025 09:41
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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