Velodrome: Dive deep with @inkonchain, Ink is a DeFi-centric L2 launched by Krakenfx🚴♂️🐙
The superchain expansion of Velodrome will launch on Ink in early 2025.
As the liquidity hub of the superchain, Velodrome will play a key role in Ink's future.✍️
Introducing Ink: A DeFi-first Layer 2 launched by Kraken that achieved 1-second block times on its first day, with plans for sub-second blocks in the future and seamless interoperability within the superchain. Aimed at scaling Ethereum and enhancing the accessibility of DeFi.
The superchain is a rapidly growing network of L2 chains that will share governance, bridging, upgrades, and other functionalities.
Velodrome will serve as the primary MetaDEX, acting as a one-stop service center for liquidity needs, supporting the Ink ecosystem.
To guide the issuance of key trading pairs and kickstart the ecosystem, @inkonchain has purchased and locked 2.5 million veVELO.
Additionally, in the first year, $1.4 million in incentives will be allocated to continuously bring liquidity to Velodrome for Ink.
Building a strong L2 ecosystem, @inkonchain is leveraging the Kraken team's over a decade of experience to ensure scalability, security, and a seamless user experience.
With the launch of Velodrome Superchain 1.0, liquidity providers and users will enjoy the same benefits as other superchains.
Original post: https://x.com/Mark_CryptoNerd/status/1869532354261488043