Kraken Lets xStocks Holders Earn Yield Through DeFi
Kraken says the vaults pay variable yield in the deposited xStocks and use DeFi lending markets, with estimated net APY up to 2%.
- Kraken launched onchain yield vaults on Monday for SPDR , Invesco QQQ ETF , and Nvidia , allowing clients to earn returns by lending tokenized assets through decentralized finance protocols.
- Vaults utilize the same infrastructure as Kraken DeFi Earn, which launched in January and has attracted more than $800 million in deposits, leveraging strategies designed by Sentora and Veda.
- Kraken charges a 25% performance fee on earnings, while withdrawals require a three-day waiting period; the product remains unavailable to residents of the United States, United Kingdom, Canada, and Australia.
- Users face potential losses from liquidation or smart contract failures, as assets travel through complex cross-chain paths between Ink and Solana; Kraken warns neither principal nor rewards are insured.
- This launch occurs amid rapid growth in tokenized equities, with distributed value climbing to about $2.84 billion, up from roughly $540 million a year ago, according to RWA data.
13 Articles
13 Articles
Kraken launches xStocks vaults with yields on tokenized stocks
Kraken has launched three xStocks vaults offering estimated net yields of up to 2% on tokenized versions of Nvidia shares and two U.S.-listed exchange-traded funds. According to Kraken’s official announcement, eligible customers can earn variable on-chain yields on SPYx, QQQx…
Kraken xStocks Vaults Add Onchain Yield to SPYx, QQQx, NVDAx
Kraken has introduced vaults that let eligible clients allocate SPYx, QQQx and NVDAx tokenized assets to onchain lending strategies. The exchange said in its announcement that yield accrues continuously and is paid in the same xStock deposited. The vaults are available through Kraken and Kraken Pro to eligible clients in the European Economic Area and other supported markets. They are excluded in the United States, United Kingdom, Canada, Austra…
Kraken Brings DeFi Yield to Tokenized Nvidia and SPY Shares Across Europe
Kraken just added yield to tokenized stocks. The exchange launched xStocks vaults, letting investors earn returns on tokenized versions of… Read the original on Kraken Launches xStocks Vaults for DeFi Yield on Tokenized Nvidia and SPY Shares. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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