Kraken Launches Bitcoin Vault, Offering Yield on BTC Holdings
Bitcoin Magazine
Kraken has introduced Bitcoin Vault, a new product allowing users to earn BTC-denominated yield on their holdings through decentralized finance protocols.Summary
Kraken has launched "Bitcoin Vault," an Earn product that provides BTC-denominated rewards for long-term Bitcoin holders. Offering a variable rate of up to 2.5% APY, the product utilizes DeFi infrastructure managed by Veda and Sentora to allocate assets across protocols like Aave, Morpho, and Tydro. While the service aims to attract "buy-and-hold" investors by offering passive yield without requiring the sale of assets, Kraken cautions that users are exposed to technical and market risks associated with DeFi participation.
(Source：Bitcoin Magazine)