Kraken launches Bitcoin Vault for yield

Kraken has introduced Bitcoin Vault, a new product within its Earn offering designed for long-term bitcoin holders seeking passive income. This product allows users to generate rewards denominated in bitcoin while maintaining exposure to the cryptocurrency's price movements. It leverages DeFi strategies through partnerships with Veda and Sentora, deploying assets across protocols like Aave and Morpho. The initiative aims to simplify DeFi participation for users, abstracting away operational complexities and offering a consolidated way to earn yield directly through the Kraken platform. This expansion reflects a broader trend among crypto exchanges to offer more sophisticated yield-generating products beyond basic trading.