PANews reported on January 27th that, according to CryptoBriefing, cryptocurrency exchange Kraken has launched its DeFi Earn product in the US, Canada, and Europe, offering users annualized returns of up to 8%. This product allows users to earn on-chain yields directly within the app, without needing to manually set up a wallet or perform complex DeFi operations.
The yields are derived from borrowing demands from established DeFi protocols such as Aave, Morpho, Tydro, and Sky Ecosystem. Veda Labs handles strategy execution, while Chaos Labs and Sentora provide risk management and monitoring. Users can choose between balanced, high-yield, or premium vaults, and will automatically earn yields upon depositing funds. Kraken emphasizes that yields come from real on-chain activity, not token incentives or subsidies. Fund withdrawals are typically instant, but temporary delays may occur during periods of vault liquidity shortages.
