Kraken Launches DeFi Yield Vaults for Tokenized Stocks and ETFs
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Written by Nate Kostar, staff writer, reviewed by Sam Bourgi, staff writer.
Kraken, a crypto exchange, has introduced on-chain yield vaults for tokenized stocks and ETFs, enabling investors to earn returns through lending these assets in decentralized finance (DeFi) markets.
Key Points:
- Kraken’s new "xStocks" vaults support tokenized versions of SPDR S&P 500 ETF (SPYx), Invesco QQQ ETF (QQQx), and Nvidia (NVDAx).
- Yield is generated by lending the assets through DeFi protocols like Kamino on Solana.
- Withdrawals are processed within three days.
- The vaults utilize the Kraken DeFi Earn infrastructure, attracting over $800 million in deposits since January.
- Powered by Veda with Sentora managing lending strategies, assets are lent under strict collateral, liquidity, and oracle monitoring.
Source: Cointelegraph