# Kraken Received 25M OP Grant to Launch Ink L2 on Superchain on Bankless Source: https://www.bankless.com/kraken-op-grant Kiwi News: https://news.kiwistand.com/stories/Kraken-Received-25M-OP-Grant-to-Launch-Ink-L2-on-Superchain-on-Bankless?index=0x67225e64aa8069a8c7887741923f28ebf08beea3c8d796ab2a48538f19b23617ee7694f8 Submitted by 0xluo.eth on 2024-10-30 UTC, 1 upvote, 0 comments ## Summary Kraken received a grant of 25 million OP tokens, valued at over $42 million, from the Optimism Foundation to help launch its Ink Layer 2 on the Optimism Superchain, according to new CoinDesk reporting. The grant is tied to transaction milestones, so Kraken can unlock additional OP tranches if Ink meets monthly transaction goals. Optimism chief growth officer Ryan Wyatt confirmed the details on X, saying an additional 5 million OP will fund Ink's engineering efforts and 20 million OP is for transaction milestones meant to drive fees to the Collective. ## Article Crypto exchange Kraken has millions of OP to help advance its new Ink L2. Per new reporting from CoinDesk, Optimism Foundation awarded Kraken a grant of 25 million OP tokens—currently valued at over $42 million—earlier this year. What's the scoop? The news comes after crypto exchange giant Kraken’s announcement last week that it was joining the Optimism Superchain ecosystem with its own Layer 2, Ink, atop the OP Stack framework. The grant is structured around transaction milestones, meaning Kraken will unlock additional tranches of OP if Ink can achieve monthly transaction goals. Optimism’s chief growth officer, Ryan Wyatt, confirmed the grant details on X (formerly Twitter), noting that an additional 5 million OP will help fund Ink’s engineering efforts. Bankless take The Optimism Foundation’s grant to Kraken underscores its Superchain strategy of attracting high-impact projects with the capacity to catalyze long-term ecosystem growth. With Base and Ink now in the fold, let’s see if another major crypto exchange will be the next company to embrace the OP Stack. Like Base, and other T1 opportunities, Ink received a foundation grant. We will continue to share this publicly as it's key! 25M OP for this deal, 5M OP to help fund the engineering efforts for Ink, 20M for massive txn milestones to drive fees to the Collective and make it… https://t.co/HhjxUn4Qsi — Ryan Wyatt (@Fwiz) October 29, 2024 William M. Peaster 1104 posts William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.