Meet Kraken DeFi Earn, powered by Veda

Veda, the leader in DeFi vault infrastructure, is partnering with Kraken to launch Kraken DeFi Earn, giving millions of Kraken users in 30+ countries seamless access to DeFi. 

Kraken DeFi Earn offers a superior way to earn rewards by using Veda’s flexible multichain, multiprotocol infrastructure to tap into deeper liquidity and more opportunities.

Users deposit through Kraken, where funds are converted to USDC and routed to the Veda vault corresponding to the user’s risk preference. Choose the Balanced vault for lower risk, the Boosted vault with moderate risk and rewards, or the Advanced vault for higher potential returns with more risk. With three ways to earn, putting idle balances to work has never been easier.

Kraken’s DeFi Earn vaults use Veda’s underlying vault infrastructure. The Balanced and Boosted vaults are curated by Chaos Labs, and the Advanced vault is curated by Sentora.

Kraken DeFi Earn operates across both the Ethereum mainnet and Ink, Kraken’s L2 chain, allowing Kraken to leverage its large exchange user base to strategically bootstrap liquidity throughout the Ink ecosystem.

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Veda provides the vault infrastructure that makes it possible for exchanges, fintech firms, protocols, and apps to offer competitive earning solutions with onchain functionality and offchain flexibility. As the leader in enterprise DeFi, Veda has a proven track record pioneering the first multichain vault and operating the industry’s largest vaults. 

Kraken DeFi Earn is available in 48 US states, Canada, and the European Economic Area. Kraken Consumer and Pro customers can now explore DeFi Earn via web browser or on the Kraken and Kraken Pro mobile apps. 

Experience the future of finance on Kraken, with vaults powered by Veda.

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Rewards are variable and not guaranteed; you can lose some or all of your assets. Interacting with on-chain smart contracts involves risks which are further detailed in the terms of service, including technological risk (bugs, exploits, and oracle/MEV/bridge failures), market risk (price volatility, de-pegs, and liquidation where relevant), and operational risk (irreversible transactions, gas fees, network congestion). Kraken and Veda do not control third-party protocols.