CoinDesk
Kraken has launched Bitcoin Vault, a new product within its Kraken Earn suite that lets long-term bitcoin holders generate BTC-denominated rewards through DeFi strategies — without giving up price exposure. The product is powered by DeFi infrastructure provider Veda and operated by Sentora, with customer funds deployed across established onchain lending protocols including Aave, Morpho, and Tydro.
"Many bitcoin holders on Kraken have made it clear they want simple, safe ways to earn on the bitcoin they already plan to hold," said John Zettler, GM of Payward Services and head of Kraken Earn Products. Bitcoin Vault is designed to abstract away the operational complexity of DeFi participation, packaging multiple yield strategies into a single product accessible directly through the Kraken and Krak apps.
The launch is part of Kraken's broader push into onchain financial products.
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