Crypto exchange Kraken is expanding access to decentralized finance by launching a new product designed to simplify onchain yield for everyday users. The rollout reflects a broader industry shift toward making DeFi more accessible without requiring deep technical knowledge.
What Is DeFi Earn and Where It’s Available
The newly introduced DeFi Earn service is now available to users in Canada, the European Economic Area and most U.S. states. It allows customers to earn onchain yield directly through their exchange accounts, offering advertised returns of up to 8% APY.
The goal is to combine centralized exchange usability with transparent, onchain rewards, removing many of the friction points that have historically limited DeFi adoption.
How the Yield Is Generated
The product is powered by Veda’s vault infrastructure, with initial USDC vaults managed by professional risk firms. These vaults allocate capital to established onchain lending protocols such as Aave, Morpho, Sky and Tydro.
Returns are variable and are generated from real borrower demand, rather than incentives or token emissions. Advanced risk modeling and monitoring are used to manage exposure and liquidity.
The launch highlights a growing trend where centralized platforms act as gateways to decentralized finance. By abstracting wallet management, smart contract interactions and protocol selection, these products aim to bring institutional-grade DeFi yield to a much wider audience.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.