Kraken Unveils Onchain Yield Vaults for Tokenized Assets
Kraken has expanded its DeFi Earn infrastructure by introducing vaults that allow eligible clients to allocate tokenized assets to on-chain lending strategies.
The exchange has launched vaults for SPYx, QQQx, and NVDAx tokenized assets, which can be allocated to on-chain lending strategies through the Kraken and Kraken Pro platforms. The vaults are available in the European Economic Area and other supported markets, excluding the United States, United Kingdom, Canada, Australia, and United Arab Emirates.
The yield generated by these vaults comes from on-chain lending and accrues continuously, with clients able to withdraw their xStocks at any time. However, Kraken notes that there is a three-day delay in returning xStocks, which should not be described as instant-access yield.