Ink, an Ethereum Layer 2 blockchain supported by Kraken, has introduced Tydro, a new DeFi lending platform. Built on a modified version of Aave v3, Tydro facilitates lending for wrapped ETH, BTC, and stablecoins, offering INK token rewards to early adopters. Kraken intends to integrate Tydro into its main exchange, enhancing its DeFi services. The launch aims to increase liquidity and total value locked (TVL) on Ink, which currently exceeds $140 million.
Kraken-Backed Ink Launches DeFi Platform Tydro with Token Rewards
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