Kraken has launched Bitcoin Vault, a new earning product designed for long-term Bitcoin holders to generate yield on their BTC holdings. The product offers customers up to 2.5% in BTC-denominated rewards while maintaining custody of their Bitcoin. Bitcoin Vault is powered by Veda, with strategy design and risk curation handled by Sentora.

The new earn product lets users generate BTC-denominated rewards through DeFi strategies while keeping exposure to bitcoin’s price.

Kraken launches Bitcoin Vault offering 2.0% APY through onchain lending on the Ink network, expanding its DeFi Earn product line for BTC holders.