Kraken launches DeFi Earn in the US, EU, and Canada

TapChiBitcoin

Kraken has announced the DeFi Earn product in the US (most states), the European Union, and Canada, aiming to provide centralized exchange users with convenient access to onchain yields.

The product is built on Veda’s vault infrastructure. The first USDC vaults will be managed for risk by Chaos Labs and Sentora, with funds allocated to popular onchain protocols such as Aave, Morpho, Sky, and Tydro. According to the announcement, the target yield can reach up to 8% per year.

Through this model, Kraken aims to simplify the DeFi experience for mainstream users while maintaining capital allocation mechanisms and generating yields directly on the blockchain.

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