According to CoinDesk, Kraken has officially launched Bitcoin Vault, a product under the Kraken Earn program designed for long-term Bitcoin holders, allowing users to earn Bitcoin-denominated yields while maintaining exposure to BTC price movements. Bitcoin Vault is powered by DeFi infrastructure provider Veda and operated by Sentora, with funds allocated to on-chain lending protocols such as Aave, Morpho, and Tydro.
Kraken Launches Bitcoin Vault, DeFi Earn Assets Exceed $240M
TechFlowShare
Summary
Kraken has launched Bitcoin Vault on its Kraken Earn platform, targeting long-term BTC holders. The product enables users to earn BTC returns while maintaining exposure. Backed by DeFi infrastructure provider Veda and operated by Sentora, funds are allocated to protocols such as Aave, Morpho, and Tydro. DeFi exploit risks remain a concern within the Bitcoin news cycle. Total DeFi Earn assets now exceed $240 million.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.