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Kraken Launches DeFi Earn With Up to 8% APY, Bringing Onchain Yields Into Its App

Independent risk managers oversee Veda-built vaults on Kraken’s Ink network.

Overview

  • DeFi Earn is live in 48 U.S. states, Canada and the European Economic Area at launch.
  • Users can deposit cash or stablecoins that auto-convert to USDC and choose among Balanced, Boosted/High or Advanced strategies.
  • Embedded wallets from Privy remove seed phrases and manual transaction signing to streamline access.
  • Yields derive from borrower demand on Aave, Morpho, Tydro and the Sky ecosystem with no token subsidies, a 25% fee on rewards and typically instant withdrawals that may slow if liquidity is tight.
  • DeFiLlama data the same day shows Ink ranking 14th by TVL at about $534 million with a $595 million stablecoin market cap and 43% USDC dominance.