Ink, a layer-2 blockchain developed by crypto exchange Kraken and built on the Optimism Superchain, has officially launched its mainnet ahead of schedule. This milestone was achieved in partnership with oracle platform RedStone, which will serve as the official partner for decentralized finance on the Ink Chain.
RedStone’s modular architecture will provide real-time price feed data for the Ink ecosystem, enabling secure interactions and utilization of accurate data across the DeFi landscape, including Bitcoin staking. This partnership will leverage RedStone’s expertise in cross-chain data feeds across Ethereum, Avalanche, and Polygon ecosystems, enhancing the reliability of the Ink platform.
Backed by Arrington Capital, RedStone’s oracle network utilizes the decentralized data storage platform Arweave for permanent data storage, ensuring the integrity and security of the information being transmitted. This collaboration with Ink will further strengthen RedStone’s position in the DeFi space and contribute to the growth of both platforms.
Ink’s blockchain architecture is optimized for deploying on-chain protocols with fast block times, low transaction fees, and robust interoperability. As part of Ethereum’s scaling solutions landscape, Ink’s infrastructure serves as a bridge between Ethereum and decentralized finance protocols, enabling seamless integration and interaction between different blockchain networks.
Andrew Koller, founder of Ink, expressed his excitement about the partnership with RedStone, highlighting the potential for innovation and growth in the DeFi space. The collaboration will provide builders with access to reliable data, custom solutions, and BTCfi related feeds, driving the development of the Ink ecosystem and accelerating the adoption of on-chain solutions.
The decision to launch the mainnet ahead of schedule was driven by strong demand from builders and community support. The testnet phase saw significant engagement, with millions of transactions and thousands of wallet connections, indicating a high level of readiness for the mainnet debut.
Overall, the partnership between Ink and RedStone represents a significant step forward in the evolution of decentralized finance, leveraging the strengths of both platforms to create a more secure, reliable, and efficient ecosystem for DeFi applications and protocols.