Ethereum L2 solution Ink, incubated by an exchange, launches white-label Aave instance Tydro, supporting INK token

Foresight News reported, according to The Block, that Ethereum Layer 2 solution Ink has launched a decentralized lending protocol called Tydro. The platform is a customized white-label instance of Aave v3 and supports the INK token. The Ink Foundation stated that the platform will serve as the "core DeFi infrastructure on Ink" and plans to integrate Tydro into the core centralized trading products of a certain exchange, thereby "making it easier for clients to access DeFi opportunities."

The protocol will inherit Aave's proven lending engine while introducing an INK-based incentive structure specifically designed for Ink-native capital flows. INK will be used to provide liquidity for the Tydro protocol and to reward early users. A representative of the project told The Block, "Tydro users will accumulate points representing the first airdrop claim." Initially, Tydro will support non-custodial lending markets for assets such as wrapped Ethereum (wETH) and the exchange's wrapped Bitcoin (kBTC), as well as stablecoins like globally issued USDG, Tether-backed USDT0, and Aave's native stablecoin GHO. According to the release, there are future plans to support yield assets and liquid staking tokens.