Kraken Launches DeFi Earn Offering Up to 8% APY
- Kraken introduced DeFi Earn, enabling users to earn up to 8% APY onchain rewards directly within its app.
- The product is available in the United States, Canada, and Europe, enhancing access to managed onchain yield in regulated markets.
- Embedded wallet infrastructure by Privy allows deposits without seed phrases or transaction signing.
- Users can choose from Balanced, High, or Advanced vaults with automatic reward generation upon deposit.
- Yield is derived from borrower demand across established DeFi protocols like Aave, Morpho, Tydro, and Sky Ecosystem.
- Strategy execution and risk management are supported by Veda Labs, Chaos Labs, and Sentora.
Kraken’s new DeFi Earn product offers users in the US, Canada, and Europe a way to earn up to 8% APY through automated vaults without technical setup requirements. Yield is sourced from real onchain activities rather than token incentives.
Source (3.2)https://cryptobriefing.com/kraken-defi-earn-launch/?rand=59535
