Kraken will provide on-chain loans to its users through Ink's Aave white-label market
According to online reports, Aave joint venture Stani.eth announced on platform X that cryptocurrency exchange Kraken will provide on-chain loans to its users through the Aave white-label market on the Ink chain. According to Aave DAO's previous proposal, by granting the deployment of a centralized version of the Aave code base, Aave can expand its technology adoption, while at the same time creating new sources of revenue through cooperation with innovative platforms, part of which will be returned to the DAO. The Ink Foundation has agreed to work exclusively with Aave for at least 12 months after deployment to avoid integration with any other lending agreements.
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