Kraken expands Earn suite with Bitcoin Vault paying yield on BTC holdings
The Block
Kraken has launched Bitcoin Vault, a new product allowing users to earn up to 2.5% yield on their Bitcoin holdings.Summary
Kraken has introduced Bitcoin Vault, an addition to its Kraken Earn lineup that enables users to generate up to 2.5% in bitcoin rewards. By utilizing DeFi infrastructure provided by Veda, the product allocates funds to onchain lending protocols such as Aave, Morpho, and Tydro. This solution offers a regulated, passive-income option for holders who wish to earn yield on BTC without moving assets off the platform or interacting directly with decentralized finance protocols.
(Source：The Block)