Ink Foundation Unveils Tydro, Aave v3-Based DeFi Platform Supporting INK Tokens

According to Ink, the newly launched Tydro protocol—built on Aave v3—anchors its Layer-2 DeFi ecosystem, offering lending services and integration plans with Kraken’s exchange.

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Summary

Ink Foundation officially launched Tydro, a white-label lending protocol built on Aave v3 and powered by INK tokens, marking a major DeFi addition to its Ethereum Layer-2 network. The platform supports assets such as wETH, kBTC, USDG, USDT0, and GHO, and enables users to earn points toward future airdrops. Kraken, a backer of Ink, plans to integrate Tydro into its centralized exchange to bridge on-chain and off-chain liquidity. Ink’s total value locked has surpassed $140 million, highlighting rapid ecosystem growth.

Terms & Concepts
  • Aave v3: The third version of Aave's decentralized lending protocol offering improved efficiency, cross-chain features, and risk management tools.
  • Layer-2: A secondary framework or protocol built atop an existing blockchain to increase transaction throughput and reduce costs.
  • Total Value Locked (TVL): The aggregate value of assets deposited in a DeFi protocol, used to measure the scale of on-chain activity and trust.