The Ink Foundation is announcing plans to launch $INK: a token designed to power the future of onchain capital markets. Here’s everything you need to know 🧵

4/ Importantly, $INK does not govern the Ink L2. The governance of the chain remains under the Optimism Superchain. $INK is for the user and application layer.

5/ The first $INK-powered primitive will be a liquidity protocol powered by @aave, a foundational building block for Ink’s onchain capital stack. Borrow and lend, all natively integrated into Ink.

6/ To jumpstart usage and decentralize ownership, an airdrop will reward early participants of the liquidity protocol. Sybil resistance will be taken seriously, no mercenary farming here. Fair launch. Real users.