TechFlow news, October 15 — According to The Block, Kraken's incubated Ethereum Layer 2 solution Ink has officially launched Tydro, a crypto lending protocol. The protocol is a customized white-label instance of Aave v3 that supports INK tokens and will serve as "core DeFi infrastructure on Ink".
Kraken has announced plans to integrate Tydro into its core centralized exchange product, "enabling customers to access DeFi opportunities more seamlessly." Tydro will inherit Aave's battle-tested lending engine while introducing an $INK-based incentive structure specifically designed for the Ink ecosystem.
Initially, the protocol will support non-custodial lending markets for assets including wETH and kBTC, as well as stablecoins such as USDG, USDT0, and GHO, with future plans to support yield-bearing assets and liquid staking tokens.
