Kraken is preparing its own lending service based on Aave
Date: 2025-07-22 Author: Gabriel Deangelo Categories: BUSINESS
The Ink Foundation, which supports the second-level network of the same name, proposed the deployment of a customized version of the popular credit service. If the initiative is finally approved, the decentralized organization Aave will open a new revenue channel, and the Ink Foundation will receive a fully prepared infrastructure for launching credit services.
Almost unanimously — 99.8% of the votes — community members supported this initiative. According to the plan, the Ink Foundation itself will retain control over the new platform, without issuing a separate management token. For the first six months, the service will be developed with the support of key Aave DAO partners, including ACI and Chaos Labs. After that, the Ink Foundation will switch to commercial contracts with the same service providers.
A portion of the platform's profits will be regularly transferred to the Aave decentralized autonomous organization. According to the terms, the minimum payout percentage will be 5% of the total volume of issued loans. At the same time, the new platform will not use the Aave insurance pool, which distinguishes it from similar solutions.
In addition, the Ink Foundation undertakes not to integrate other lending protocols for at least a year and to use the received infrastructure exclusively for its own ecosystem. To attract liquidity at the start, the Ink Foundation team will allocate 4% of the issue of its future governance token. It is expected that this step will attract more than $ 250 million.
To more actively engage users, Aave plans to encourage liquidity providers with bonuses and refunds of part of the fees for participation through GHO or AAVE tokens.
Today, the crypto lending sector ranks second among all DeFi areas, second only to large liquidity pools. According to DeFi Llama, lending protocols have overtaken areas such as restaking, cross-chain bridges, and decentralized exchanges.
Aave continues to be the industry leader with a total locked value (TVL) of over $33.5 billion. To date, the protocol has launched on seventeen networks, including Ethereum, Arbitrum, Avalanche, Base, and Polygon. In July, Aave became the first lending protocol to surpass $50 billion in net deposits, further demonstrating its key role in the development of the DeFi market.
Kraken and the Ink Foundation’s partnership with Aave could strengthen the position of all participants and expand access to decentralized financial services in Kraken’s own ecosystem.
