Empire
The Real Reason Kraken Built an L2 | Andrew Koller & Hilmar Orth
Oct 29, 2024
Andrew Koller, the founder of Kraken's new Layer 2 called Ink, teams up with Hilmar Orth, founder of Gelato, to discuss the surge of companies launching their own chains. They delve into the technical aspects of Layer 2 solutions, exploring who truly needs them and predicting a wave of new developments. The duo emphasizes the importance of decentralization and user autonomy in finance, and they highlight the strategic collaborations that will shape the future of decentralized exchanges and enhance user experiences.
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Quick takeaways
- Kraken's transition to its Layer 2, Inc, aims to blend user experience and security while enhancing DeFi engagement for users.
- The podcast highlights the increasing demand for custom Layer 2 solutions, suggesting a surge in decentralized applications across the crypto landscape.
Deep dives
Kraken's Move to On-Chain
Kraken is transitioning its services on-chain by leveraging its existing strengths in user experience and security. This initiative is driven by a desire to create a unique Layer 2 (L2) environment called 'Inc,' built on the Superchain infrastructure. The founders expressed a commitment to integrating the exchange's deep knowledge in trading into a decentralized context, enabling users to engage more directly with DeFi applications while preserving security. This move is seen as essential for maintaining relevance in the evolving blockchain landscape, as decentralized exchange volumes increasingly compete with centralized platforms.
