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Kraken-Backed Ink Foundation Launches INK Token Airdrop – First Stop: Aave-Powered Liquidity Protocol

Kraken-Backed Ink Foundation Launches INK Token Airdrop – First Stop: Aave-Powered Liquidity Protocol

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-06-18 06:22:58
0

Another day, another airdrop—but this one’s got Kraken’s fingerprints all over it. The Ink Foundation, backed by the crypto exchange giant, is rolling out its INK token giveaway, starting with a liquidity protocol built on Aave. Because nothing says ''decentralized'' like a token drop orchestrated by centralized players, right?

Here’s the play: The foundation’s targeting DeFi degens first, leveraging Aave’s liquidity infrastructure to bootstrap adoption. No vague promises—just a straight shot at free tokens (with the usual strings attached).

Pro tip: Watch the gas fees. They’ll probably cost more than the airdrop itself—classic crypto efficiency.

(DefiLlama)

Still, by anchoring its token to a functioning product on day one — via AAVE governance and integration — Ink is at least attempting to buck the trend of poor launches.

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