Kraken-Backed Ink Foundation to Airdrop INK Token. Starting With Aave-Powered Liquidity Protocol

Participants in the protocol will be eligible for INK airdrops, with further details to be announced. However, INK enters a crowded market where most new tokens, even those with venture backing and protocol traction, tend to trend downward after launch. The Ink Foundation, the nonprofit behind layer 2 Ink, is launching its native token INK in an attempt to bootstrap onchain capital markets through a liquidity-first strategy. The token will debut on a decentralized finance (DeFi) lending and trading protocol built on Aave, and distribution will begin via an airdrop to early users. There will be no governance gimmicks or fluctuating emissions schedules, the foundation said. INK has a hard cap of 1 billion tokens minted, with no recourse to change the supply via governance proposals. And unlike other Superchain members, Ink says its layer 2 governance will remain separate from the token. (A Superchain is a group of layer-2 networks built using the same software, allowing them to share security, upgrades, and tools. Think of it as different cities on the same highway system.) The first utility is a liquidity protocol native to the Ink chain, designed as a core DeFi primitive for lending and capital deployment. Participants in the protocol will be eligible for INK airdrops, with further specifics still to come. Distribution will be handled by a subsidiary of the foundation, which claims to have methods to curb airdrop farming. However, INK enters a crowded market where most new tokens, even those with venture backing and protocol traction, tend to trend downward after launch. Linea, Blast, Celestia, Berachain, and other high-profile projects, all launched L2 tokens in 2024–25 with major fanfare — only to face sustained sell pressure. Many critics now see token launches less as aligned economic tools and more as delayed exit liquidity events. INK will debut in a cycle where most tokens are in decline, retail attention is light, and capital rotation is highly selective. Ink’s DeFi stack holds just over $7 million in total value locked, with only $93 in L2 revenue reported over the past 24 hours, according to DefiLlama data, indicating that real usage remains relatively thin. Still, by anchoring its token to a functioning product on day one — via Aave governance and integration — Ink is at least attempting to buck the trend of poor launches. Read more: Kraken Unveils White-Glove Prime Brokerage Service for Crypto Institutions Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN. https://www.coindesk.com/markets/2025/06/18/kraken-backed-ink-foundation-to-airdrop-ink-token-starting-with-aave-powered-liquidity-protocol #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple