According to ChainCatcher, The Block reported that Kraken has launched its "DeFi Earn" service in the United States, the European Union, and Canada. The service aims to make it easier for centralized exchange users to access DeFi earning opportunities. The product will offer on-chain earning opportunities while providing the "simplicity and security" typically associated with centralized exchanges. Kraken's DeFi Earn will be powered by Veda, a vault infrastructure provider. Risk management companies Chaos Labs and Sentora will also operate the first three USDC vaults, allocating funds to on-chain protocols such as Aave, Morpho, Sky, and Tydro. These protocols will offer floating returns based on "real market demand from borrowers."
Kraken Launches DeFi Earn Service in the U.S., EU, and Canada
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Summary
Kraken has launched its DeFi Earn service in the U.S., EU, and Canada, providing users with on-chain news and access to DeFi earning opportunities. The service utilizes Veda as its infrastructure provider, with Chaos Labs and Sentora overseeing the first three USDC vaults. These vaults will direct funds into protocols such as Aave, Morpho, Sky, and Tydro, which offer variable yields based on real-time borrower demand. This initiative brings DeFi-style returns with the security of a centralized platform.
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