Latest news with #INK
Yahoo
08-07-2025
- Business
- Yahoo
Vertex Protocol Team to Join Ink Foundation, Build New DeFi Primitives on Ink Layer-2
Vertex to sunset current deployments and new DEX to be launched exclusively on Ink GRAND CAYMAN, Cayman Islands, July 8, 2025 /PRNewswire/ -- Vertex Protocol, a leading decentralized exchange platform known for its high-performance trading architecture and active community, has entered an agreement with the Ink Foundation to bring its core infrastructure and team to the Ink ecosystem. The move marks a major milestone for the Ink Layer 2's growing DeFi stack. As part of the transition, Vertex will cease trading across current EVM deployments, with plans to launch a new version of the protocol purpose-built for Ink. Additionally, the VRTX token will be sunset. VRTX holders will be eligible for an airdrop of INK tokens at token launch with 1% of the INK supply allocated to Vertex community members. VRTX holders will also receive boosted participation in an upcoming INK incentives program. A snapshot for the airdrop will be taken on Tuesday, July 8. All treasury and non-vested VRTX tokens will be excluded and burned. Darius Tabai, CEO and Co-Founder of Vertex, commented on the news, "This is an incredible moment for the Vertex team and community. As a top decentralized exchange, Vertex has built a strong community. Vertex technology will accelerate the Ink Foundation's goals, provide more opportunity for traders, and represent renewed potential for tokenholders." Airdrop plans, eligibility, and distribution mechanics will be shared at a later date. Industry-best practices for sybil deterrence will be used in an effort to limit airdrop farming and maximize the fairness of the distribution. Integration of Vertex's synchronous orderbook engine, perpetuals, and money market stack into the Ink ecosystem will mark a significant step in the network's expansion beyond core infrastructure into application-layer functionality. The Ink Foundation Board of Directors said, "Vertex has built one of the most advanced decentralized trading platforms in the space. Bringing what they have built into the Ink ecosystem is a strategic leap forward as we realize the vision for open, onchain capital markets." The transaction was introduced and advised by a dedicated M&A platform for web3 and decentralized protocols. Ink Foundation was advised by Carey Olsen and Willkie Farr & Gallagher LLP. Terms of the deal will not be publicly disclosed. For more information, visit or follow the Ink Foundation's official channels at and on X @inkfndhq. About Vertex ProtocolLaunched in 2023, Vertex is a decentralized trading platform combining low-latency orderbooks with unified liquidity for spot, perpetuals, and money markets. Co-founded by Darius Tabai and Alwin Peng, the Vertex team brings deep experience from traditional finance and crypto trading. Known for its hybrid execution model and advanced matching engine, Vertex delivers CEX-grade performance in a decentralized environment. About Ink FoundationThe Ink Foundation is an independent entity that stewards the Ink Layer-2 and its ecosystem. It supports protocol development, ecosystem growth, and token governance to help realize the vision of open, onchain capital markets. For Media:press@ View original content: SOURCE Vertex
Yahoo
19-06-2025
- Business
- Yahoo
Kraken-Backed Ink Foundation to Airdrop INK Token, Starting With Aave-Powered Liquidity Protocol
The Ink Foundation, the nonprofit behind layer 2 Ink, is launching its native token INK in an attempt to bootstrap onchain capital markets through a liquidity-first strategy. The token will debut on a decentralized finance (DeFi) lending and trading protocol built on Aave, and distribution will begin via an airdrop to early users. There will be no governance gimmicks or fluctuating emissions schedules, the foundation said. INK has a hard cap of 1 billion tokens minted, with no recourse to change the supply via governance proposals. And unlike other Superchain members, Ink says its layer 2 governance will remain separate from the token. (A Superchain is a group of layer-2 networks built using the same software, allowing them to share security, upgrades, and tools. Think of it as different cities on the same highway system.) The first utility is a liquidity protocol native to the Ink chain, designed as a core DeFi primitive for lending and capital deployment. Participants in the protocol will be eligible for INK airdrops, with further specifics still to come. Distribution will be handled by a subsidiary of the foundation, which claims to have methods to curb airdrop farming. However, INK enters a crowded market where most new tokens, even those with venture backing and protocol traction, tend to trend downward after launch. Linea, Blast, Celestia, Berachain, and other high-profile projects, all launched L2 tokens in 2024–25 with major fanfare — only to face sustained sell pressure. Many critics now see token launches less as aligned economic tools and more as delayed exit liquidity events. INK will debut in a cycle where most tokens are in decline, retail attention is light, and capital rotation is highly selective. Ink's DeFi stack holds just over $7 million in total value locked, with only $93 in L2 revenue reported over the past 24 hours, according to DefiLlama data, indicating that real usage remains relatively thin. Still, by anchoring its token to a functioning product on day one — via Aave governance and integration — Ink is at least attempting to buck the trend of poor launches.
Yahoo
19-05-2025
- Business
- Yahoo
INK! celebrates 13 graduates in its Take Stock in Children St. Johns County Class of 2025
The St. Johns County Education Foundation, under the auspices of Investing in Kids, celebrated 13 graduating seniors in its Take Stock in Children St. Johns County Class of 2025. Since 1998, INK has managed Take Stock in Children-St. Johns, awarding more than $2 million in donor-supported scholarships. Cathy Newman, INK's executive director, described the graduating class as a milestone. 'One hundred percent of our Take Stock in Children 2025 graduates are moving on to post-secondary education,' she said in a news release. 'In the past 20 years, 96% of our local Take Stock graduates have continued their education past high school, with 62% earning their associate's, bachelor's, and/or master's degree." The Daily Briefing Get the latest St. Augustine news in your email each day. Sign up for The Record's newsletter Newman thanked support organizations, college and career advisors and mentors, including business professional and community members for their efforts in supporting the program. Florida's Take Stock in Children is designed to break the cycle of poverty for low-income students by providing opportunities for degrees through postsecondary education. Qualified high school students receive guidance through volunteer mentors, college and career coaching and academic scholarships. Students commit to attending classes, maintaining a 2.5 grade point average and remaining drug and crime-free. Take Stock in Children graduates receive tuition scholarships in the amount of 60 credit hours to a Florida state college or technical college. Members of this year's graduating class are headed to the University of Florida, Florida State University, Florida A&M University, University of North Florida, St. Johns River State College, Florida State College of Jacksonville, Daytona State College and First Coast Technical College. INK! celebrated the 45-year educational career of retiring St. Johns County School District Superintendent Tim Forson with a graduate scholarship award. The Take Stock in Children application window is available for eighth-, ninth- and 10th-grade students attending St. Johns County public schools. Go to to apply. To learn more about Take Stock in Children in St. Johns County or to become a mentor, contact Jim Wheeler at This article originally appeared on St. Augustine Record: INK! celebrates 2025 Take Stock in Children senior graduating class
Time of India
13-05-2025
- Health
- Time of India
Teen with cerebral palsy undergoes rare epilepsy op
Kolkata: A boy with cerebral palsy , Minhaz Hussain (15), who suffered recurrent bouts of seizures for years, underwent a rare surgery at CMRI, the third such procedure in the eastern region. Earlier anti-epilepsy therapy failed to better his state, but Vagus Nerve Stimulation had lowered seizure frequencies, said a doctor. Consultant neurosurgeon Rathijit Mitra and his team conducted the procedure. "We implanted an electrode on the left vagus nerve in the neck and linked it to a pulse generator, placed under the skin near the collarbone. It sends electrical impulses to the brain to help control seizures," said Mitra. The earlier VNS cases were held at INK. —Sumati Yengkhom
Hindustan Times
24-04-2025
- Entertainment
- Hindustan Times
Dr Sriram Nene shares how life changed after marrying ‘famous' Madhuri Dixit: 'I had celebrity patients in US but now…'
Former cardiac surgeon, now health influencer Dr Sriram Nene recently attended a panel discussion where talked about a variety of subjects. From leaving US for India almost a decade ago, to trying to make people's lives better through health tech, he explored it all. The doctor also spoke about how life changed after he married Bollywood star Madhuri Dixit. Speaking on the panel discussion hosted by founder and CEO of INK, Lakshmi Pratury, in January, Dr Nene shared how fame accidentally found him. "I'm the accidental yankee in King Arthur's court, and the incidental tourist, if you will. My wife's the famous one, I'm just here for the ride. But, other than the imposter syndrome that all of us face on the spectrum, it's the power of one to make a difference in the lives of many. Don't ever underestimate how powerful each of you is.' He also spoke about the kind of work he used to do as a cardiac surgeon at UCLA with his celebrity patients and how he has become a celebrity himself in India. 'I was at UCLA, I took care of a lot of celebrities. This was even before I was married. The only thing they wanted was anonymity. They only wanted to put their pants on one leg at a time, and not be addressed. Now I'm facing the opposite of that. Everyone wants a selfie with me. How do I deal with this? Honestly, I want to have a conversation with them and it becomes challenging.' Dr Nene said that him and Madhuri are also 'very humble people' who never do something just to get more fame. The couple married in 1999 and have to kids. They lived in US for the first 10 years of their marriage and then moved to India, where Madhuri resumed her Bollywood career and Dr Nene worked on becoming a health influencer. He currently has 781,000 followers on Instagram and 500,000 subscribers on YouTube. Madhuri was last seen in Bhool Bhulaiyaa 3.
