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The Ethereum L2 project Ink incubated by Kraken has launched the lending protocol Tydro.
According to Deep Tide TechFlow news on October 15, The Block reported that Kraken's incubated Ethereum Layer 2 solution Ink has officially launched a crypto lending protocol named Tydro. This protocol is a customized white label instance of Aave v3, supporting the INK token, and will serve as the “core infrastructure for DeFi on Ink.”
Kraken has announced plans to integrate Tydro into its core centralized exchange products, “enabling customers to access DeFi opportunities more seamlessly.” Tydro will inherit Aave's battle-tested lending engine while introducing an incentive structure based on $INK specifically designed for the Ink ecosystem.
The protocol will initially support a non-custodial lending market for assets such as wETH and kBTC, as well as stablecoins like USDG, USDT0, and GHO. In the future, it plans to support yield-bearing assets and liquid staking tokens.