By integrating Veda, Kraken created a dynamic onchain yield product that isn’t bound to any single lending protocol or strategy as the vaults adapt to market conditions for superior performance.
User growth
Kraken saw a surge of new user signups just to access the vaults, with over $20M in day-one deposits.
Chain bootstrapping
The Kraken Veda vaults have driven significant liquidity onto the Ink blockchain, making Veda the largest Ink DeFi protocol by TVL.
Safety first
Veda’s non-custodial vaults are transparent onchain, with built-in risk and compliance controls to keep users safe.
HOW IT WORKS
Kraken DeFi Earn, powered by Veda
Veda provides Kraken with the infrastructure to enable yield on stablecoins and BTC.
New protocols, chains, and assets can be added or removed over time, ensuring Kraken DeFi Earn remains a competitive and lasting solution.
Delivering yield that's built to last
By integrating Veda, Kraken created a flexible Earn product that is category-leading and strategically aligned with the launch of Ink. Users in 30+ countries gain the ability to earn on stablecoins or Bitcoin with a simple, transparent product backed by infrastructure that's already routed over $32 billion to date.
With DeFi Earn, Kraken strengthens its position as the best place to trade assets and grow wealth.
“It's the flexibility that really makes the difference.”
Mark Greenberg
Chief Commercial Officer, Kraken
FAQs
What does it mean to offer a multichain, multiprotocol vault?
Why are vaults important for enterprises?
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*Yield is variable and not guaranteed. APY is based on average 30-day net yield. Past performance is not indicative of future results.
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