Unleashed by Kraken, one of the leading exchanges in crypto, Ink is an L2 chain currently available in its testnet phase. Ink’s vision is to build a seamless, inclusive DeFi ecosystem that makes it easier for users to participate on-chain.
The Ink network is part of the Optimism Superchain and built using the OP Stack, contributing to Ethereum scalability and ensuring interoperability with other ecosystem chains. It relies on Ethereum’s security while enabling industry-standard support to developers. As an EVM-equivalent chain, it ensures seamless dapp portability, giving you access to essential infrastructure and tooling providers, including Tenderly.
With Tenderly’s full-stack infrastructure available on Ink from day one, your team can build, test, and run advanced DeFi solutions with full flexibility, control, and efficiency. Use our development and production infrastructure with built-in tools to optimize your workflows and facilitate on-chain scaling on Ink.
The team behind Ink
Kraken is one of the industry’s leading cryptocurrency exchanges, with more than 10M users and over $207B in trading volume. It bridges the gap between centralized and decentralized worlds, giving users access to DeFi in minutes through a user-friendly, self-custody wallet and trading platform.
As one of the key exchanges facilitating on-chain trading and investments, Kraken gives users access to deep liquidity for a diverse cryptocurrency portfolio. It also offers some of the lowest fees that incentivize trading and drive Kraken’s liquidity. Additionally, Kraken offers different funding options to users, enabling them to kickstart their cryptocurrency investments with both fiat and digital options.
How Ink simplifies DeFi
With a mission to enable everyone to participate on-chain easily, Ink removes friction for users, ensuring they have an excellent experience while exploring DeFi. Ink strives to facilitate on-chain interactions for a wide range of users, giving them a complete solution to trade, borrow, and lend, from initial onramp to advanced DeFi platforms.
Ink wants to make DeFi truly accessible and seamless for everyday users, thus, realizing the vision behind blockchain technology. By adopting industry-standard technologies and combining them with Kraken’s crypto expertise, Ink is uniquely positioned to support DeFi innovation and eliminate points of friction that historically made moving between centralized and decentralized worlds challenging.
Additionally, Ink is built on the Optimism Superchain using the OP Stack, which aligns with Ethereum’s commitment to a secure, interoperable, and open-source environment. As part of the Superchain, Ink contributes to Ethereum’s scalability and acts as a bridge within the multichain ecosystem, facilitating efficient asset movement across OP chains. This approach strengthens the broader ecosystem, supporting both user accessibility and Ethereum's long-term growth.
How Ink enables technical innovation
Developers are key to realizing Ink’s vision. By simplifying interactions across DeFi applications and removing friction points, Ink offers an environment where developers can innovate freely and users can securely explore DeFi. By leveraging Ink’s infrastructure and tools, developers can create applications that drive the adoption of on-chain assets and expand access to a broader crypto audience.
In return, builders who join the Ink ecosystem can expect several unique advantages:
- Kraken’s community and expertise: Ink is built and operated by the same engineering team that dedicated the past 13+ years to making the crypto asset class accessible to everyone. Developers and end users will benefit from Kraken’s unmatched level of expertise, made manifest in an L2 protected by top-of-the-range security and with a seamless UX that will simplify access to DeFi.
- Access to the Optimism Superchain ecosystem: Built on the Optimism Superchain, Ink uses the industry-standard OP Stack codebase, ensuring the chain’s seamless upgradability and scalability. The team will also work actively to enhance interoperability, such as by integrating SuperchainERC20, to ensure seamless, cross-chain interactions. Additionally, as a layer 2 scaling solution, Ink provides a highly performant execution environment, with one-second block times expected to decrease even further.
- Extensive developer support: Ink is dedicated to facilitating developers’ journey on-chain, so it will provide extensive guidance and opportunities for financial support to builders. From documentation and guides to workshops and private community channels, Ink will equip you with everything you need to build innovative solutions. Plus, with Tenderly’s full-stack infrastructure for the entire dapp lifecycle, you will have the tools and building blocks for each stage of development on Ink.
How to code in Ink with Tenderly
In preparation for the mainnet launch, you can use Tenderly’s full-stack infrastructure to build, explore, and scale on the Ink testnet. With production-based development environments, scalable node infrastructure, and powerful dev tools, you and your team have your entire Web3 stack ready on Ink from day one.
By integrating Tederly with your existing development frameworks and dapp components, you can accelerate your workflows and facilitate team collaboration. Additionally, Tenderly also allows you to remove the overhead of infrastructure development and management, enabling you to focus on building your product with advanced technical capabilities.
Here’s how to use Tenderly to get started on Ink:
- Set up collaborative development infrastructure based on Ink’s on-chain data using Tenderly Virtual TestNets. As zero-setup development infrastructure, Virtual TestNets replicate Ink’s on-chain conditions, staying in sync with its latest states. They’re fully customizable to fit your workflows, coming with a built-in unlimited faucet, public and private explorers, and debugging tools.
- Run and scale your dapp on a highly-performant Node RPC that features soft rate limits, custom SLAs, and multiregional traffic routing. This way, Node RPC enables high scalability and top performance, ensuring uninterrupted connection, zero latency, and complete reliability as your dapp usage grows. It also allows you to build your custom RPCs to extend beyond standard APIs and optimize on-chain performance.
- Explore, interact with, and debug on-chain data on Ink with industry-recognized dev tools, including Debugger, Transaction Simulator, and Gas Profiler. Gain granular, human-readable insights into transaction execution and troubleshoot bugs on the exact line where they happened. You can also resimulate transactions with updated parameters and code to preview their outcomes, validating fixes and optimizing for gas efficiency.
- Set up automated monitoring with real-time Alerts and Web3 Actions, gaining full control over on-chain events. Get updates for crucial on-chain events on Ink such as (un)successful transactions, balance changes, token transfers, and more. Then, use Web3 Actions to respond with custom code once specified on-chain events are met or run automated checks to prevent potential failures.
- Integrate simulations into your dapp to allow users to preview transaction outcomes. Run simple and bundled simulations to make sure your DeFi interactions execute as expected. You can even offer 100% accurate gas estimates to prevent out-of-gas transaction failures and eliminate unnecessary costs.
Ink the future on Tenderly’s infrastructure
Joining Ink’s ecosystem and community with Tenderly’s full-stack infrastructure support allows you to quickly build powerful solutions. Together with Tenderly’s integrated development and production infrastructure, Ink provides a highly performant, scalable, and interoperable environment to reach everyday users and make DeFi more accessible to everyone.
Get your own replica of Ink with Tenderly to start building on on-chain data.
