Kraken Launches "DeFi Earn" Service in the US, EU, and Canada

Odaily News: Kraken has launched its "DeFi Earn" service in the United States, the European Union, and Canada. The service aims to make DeFi yield opportunities more accessible to users of centralized exchanges. The product will offer on-chain yield opportunities while maintaining the "simplicity and security" expected from a centralized exchange. Kraken's DeFi Earn will be powered with support from vault infrastructure provider Veda. Risk management firms Chaos Labs and Sentora will also operate the first three USDC vaults, allocating funds to on-chain protocols such as Aave, Morpho, Sky, and Tydro. These protocols will provide floating yields derived from "real market demand from borrower payments." (The Block)