> ## Content Index > Fetch the complete content index at: https://blog.1token.tech/llms.txt > Use this file to discover other available public pages before exploring further. # Kraken to Launch INK Blockchain for DeFi in 2025 - URL: https://blog.1token.tech/kraken-to-launch-ink-blockchain-for-defi-in-2025/ - Published: 2024-10-29T00:14:00.000Z - Updated: 2024-10-30T00:17:25.000Z - Description: Sky's co-founder proposes rebranding options to address community confusion. Kraken plans to launch its INK blockchain for DeFi in 2025. The SHAR token faces operational challenges post-launch. - Author: 1Token - Tags: Market Digest ## SKY co-founder considering rolling name back to MakerDAO [Rune tweeted about community's confusion from the rebrading](https://x.com/RuneKek/status/1848383711802212426?ref=blog.1token.tech), and proposed a few options for communities to vote. Option 1: Continue with Sky as the Core Brand Option 2: Recenter the Maker Brand with its original brand identity Option 3: Recenter the Maker brand with a refreshed brand identity The idea is to split the two brands \* Maker = the decentralized protocol that powers USDS, DAI and the ecosystem of StarDAOs. The only governance token for Maker is MKR. Depending on if the community wants it, the Maker brand could be refreshed and updated to fit the new era, or keep its classic look. \* Sky = Specifically focused on serving the needs of DeFi end users as the best and easiest place to get rewarded for saving - powered by the unique features and products of Maker. In contrast to Spark, which focuses on the backend collateral management and more sophisticated users, Sky focuses on the frontend and demand-side of the USDS equation, ensuring there are now two complementary frontends incubated by Maker. ## Kraken to launch INK blockchain in early 2025 Kraken, a centralized cryptocurrency exchange (CEX), plans to launch its own blockchain dubbed “Ink” in early 2025, focusing on decentralized finance (DeFi) applications. According to a [Bloomberg report](https://www.bloomberg.com/news/articles/2024-10-24/crypto-exchange-kraken-plans-to-launch-its-own-blockchain-early-next-year?ref=blog.1token.tech), Ink aims to enable users to trade, borrow and lend tokens without intermediaries — taking a step away from the CEX’s current position in crypto and Web3. The anticipated launch of Kraken’s blockchain aims to simplify the DeFi process for a broader audience and make it accessible and cost-effective for users. As another ETH L2 chain, INK also chose Optimism stack like Coinbase's BASE and Uniswap's UNI, instead of Arbitrum, ZKSync... ## SHAR token deck release The [$SHAR](https://x.com/search?q=%24SHAR&src=cashtag%5Fclick&ref=blog.1token.tech) token launched and soon after it trades on Raydium, an insider sold $3 million / 22,000 SOL in a single click. Meanwhile, there's an internal deck released where 50+ KOLs have been onboard. ![](https://onetoken.feishu.cn/space/api/box/stream/download/asynccode/?code=MWZkZTk1MmU2YzMzZDY1NGU0NjE2ODZjOTU0YmE2ODVfeTY1cW9zQTVMOUVHRkU4TG9TQ3g0TzJSNmo3QThJeGlfVG9rZW46WVc3WmJSNVY0b2VCdk94cTdEaGNqSXdEblNoXzE3MzAyNDcxMjU6MTczMDI1MDcyNV9WNA) Price goes like [https://dexscreener.com/solana/3zm5bnjvk5xpj2ckdqajq1hbqslwz6f3jzsmn5yzek1c](https://dexscreener.com/solana/3zm5bnjvk5xpj2ckdqajq1hbqslwz6f3jzsmn5yzek1c?ref=blog.1token.tech) ![](https://onetoken.feishu.cn/space/api/box/stream/download/asynccode/?code=ZWE2ZDU5Yzc2NGE4NmY2ZDYzZDM5ODQyMDE2MWE1YThfRXNudEFUVHZ6WEdCWDNqNzZ6aWozYVhxbXZpczJqYkxfVG9rZW46Q0dMQ2JsTk45b3NUVUd4aDF5MGNpbHdYbjhkXzE3MzAyNDcxMjU6MTczMDI1MDcyNV9WNA) And then [the project team posted on X](https://x.com/SolanaKol/status/1849210565798871492?ref=blog.1token.tech) *due to the FUD, we no longer had the funds to continue operations.* Will this 'fully decentralized from rug' become a new MEME legend? --- # 1Token’s Service Rooted from crypto quant trading, 1Token's Crypto PMS, RMS and Portfolio Accounting Software has the unique trading know-how and technology capabilities to build: - Up-to-date and high confidence connection to all crypto trading venues, across DeFi and CeFi - Top-down, bottom-up crypto P&L calculations, and crypto fund reconciliation of top-down and bottom-up results - Real-time crypto trading metrics calculation, monitor and alerts tailor-made for different types of crypto funds, crypto FoFs and crypto prime brokers - T+0 crypto shadow NAV accounting system with subscription, redemption, dividend, cost accruals 1Token has been serving global digital asset managers, crypto fund platforms, crypto fund admins and crypto auditors, to enable them to conduct crypto related business without any concern on technology. 1Token is undertaking SOC2 Type2 audit, and provides on-premise deployment to regulated clients. --- ## Follow us [1Token on LinkedIn](https://www.linkedin.com/company/1token/?ref=blog.1token.tech) [1Token on Telegram](https://t.me/Crypto1Token?ref=blog.1token.tech) [1Token on Twitter](https://twitter.com/Crypto1Token?ref=blog.1token.tech)