The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined usage thresholds, also marks the detailing of the eligibility process for the airdrop.
Furthermore, the announcement clarified that INK holders will not participate in the governance process of the rollup itself.
INK does not influence Ink’s technical parameters, which remain under the Optimism Superchain framework. Instead, holders will steer incentives and resource allocation for protocols that deploy on the rollup.
The Aave-based venue will supply lending and trading functions and serve as the first building block in Ink’s DeFi stack, according to the June 17 statement.
The foundation said it minted INK to move the project into its next development phase and to align users, builders, and protocols around the token.
Ink’s founder, Andrew Koller, said the team would “accelerate the move on-chain with an interoperable L2” and aimed to open a developer testnet later that year with a full rollout for retail and institutional users in the first quarter of 2025.
At the time, Wyatt said the offer mirrored packages extended to other firms building on the OP Stack.
