8 hours ago
The Ink Foundation, the nonprofit down furniture 2 Ink, is launching its autochthonal token INK successful an effort to bootstrap onchain superior markets done a liquidity-first strategy.
The token volition debut connected a decentralized concern (DeFi) lending and trading protocol built connected Aave, and organisation volition statesman via an airdrop to aboriginal users.
There volition beryllium nary governance gimmicks oregon fluctuating emissions schedules, the instauration said. INK has a hard headdress of 1 cardinal tokens minted, with nary recourse to alteration the proviso via governance proposals.
And dissimilar different Superchain members, Ink says its furniture 2 governance volition stay abstracted from the token. (A Superchain is simply a radical of layer-2 networks built utilizing the aforesaid software, allowing them to stock security, upgrades, and tools. Think of it arsenic antithetic cities connected the aforesaid road system.)
The archetypal inferior is simply a liquidity protocol autochthonal to the Ink chain, designed arsenic a halfway DeFi primitive for lending and superior deployment.
Participants successful the protocol volition beryllium eligible for INK airdrops, with further specifics inactive to come. Distribution volition beryllium handled by a subsidiary of the foundation, which claims to person methods to curb airdrop farming.
However, INK enters a crowded marketplace wherever astir caller tokens, adjacent those with task backing and protocol traction, thin to inclination downward aft launch.
Linea, Blast, Celestia, Berachain, and different high-profile projects, each launched L2 tokens successful 2024–25 with large fanfare — lone to look sustained merchantability pressure. Many critics present spot token launches little arsenic aligned economical tools and much arsenic delayed exit liquidity events.
INK volition debut successful a rhythm wherever astir tokens are successful decline, retail attraction is light, and superior rotation is highly selective.
Ink’s DeFi stack holds conscionable implicit $7 cardinal successful full worth locked, with lone $93 successful L2 gross reported implicit the past 24 hours, according to DefiLlama data, indicating that existent usage remains comparatively thin.
Still, by anchoring its token to a functioning merchandise connected time 1 — via Aave governance and integration — Ink is astatine slightest attempting to subordinate the inclination of mediocre launches.
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