The Block15 minutes ago

Published on November 21, 2023 13:03 GMT+00:00edited on November 21, 2023 13:04 GMT+00:00

Ethereum Layer 2 Kinto has migrated to the Arbitrum ecosystem via the Arbitrum Nitro technology stack after previously launching its testnet using Optimism’s OP Stack in May.

The migration follows a change in the structure of the Arbitrum Orbit ecosystem of chains that granted the Arbitrum Foundation greater autonomy in negotiating Layer 2 deployments, according to a statement.

Kinto claims it can bridge the gap between traditional finance and decentralized finance by building a KYC-compliant Layer 2 to support both modern financial institutions and decentralized protocols. It also aims to reduce the risk of DeFi exploits, providing built-in insurance for all smart contracts. 

Why Arbitrum?

The decision to migrate to Arbitrum was driven by a need to provide similar levels of …