Global cryptocurrency exchange Kraken has announced the launch of its new ‘DeFi Earn’ product, making passive yield generation from decentralized finance (DeFi) accessible to users in the United States, the European Union, and Canada. This strategic expansion integrates high-yield opportunities directly into the centralized exchange (CeFi) platform, lowering the barrier to entry for mainstream crypto investors.
The ‘DeFi Earn’ product utilizes specialized yield-bearing Veda vaults as its underlying mechanism. Veda vaults are decentralized pools designed to automatically optimize returns by participating in various staking, lending, and liquidity provision strategies across established DeFi protocols. By partnering with these automated vaults, Kraken simplifies the traditionally complex DeFi interaction process.
Key to this launch is Kraken acting as the centralized intermediary. Users deposit assets into Kraken, which then handles all the necessary smart contract interactions, gas fees, and key management. This provides a crucial layer of security and convenience, allowing users to earn competitive annual percentage yields (APYs) without the typical operational risks associated with interacting directly with decentralized protocols.
Kraken’s entry into offering structured DeFi yield products in regulated markets like the US and EU signals a growing maturity in the crypto ecosystem, bridging institutional trust with innovative financial technology. The move positions Kraken to capture a significant portion of capital seeking secure, regulated access to high-growth DeFi returns, expanding its existing suite of staking and earning services.
Source: Kraken rolls out ‘DeFi Earn’ in US, EU and Canada tapping yield-bearing Veda vaults
コメント