Optimism Foundation has agreed to provide a $42.5 million grant in OP tokens to Kraken, a major U.S. cryptocurrency exchange. The funds will be used to support the development and growth of Ink, Kraken’s layer-2 network built on Optimism’s OP Stack.
The deal, finalized earlier this year, positions Kraken as a key player in Optimism’s expanding “Superchain” ecosystem, which also includes notable participants like Coinbase, Sony, and Uniswap. By leveraging Optimism’s technology, Ink aims to offer users faster transaction speeds and lower fees.
The $42.5 million grant, initially valued at approximately $100 million, underscores Optimism’s commitment to fostering innovation and growth within its ecosystem. The funds will be distributed to Kraken over time to support engineering efforts and incentivize user adoption.
Both Optimism and Kraken have confirmed the details of the deal, highlighting its importance in driving the future of layer-2 scaling solutions.
