Kraken has launched a Bitcoin vault that lets users earn up to 2.5% yearly yield on their Bitcoin, which attracted $30 million in deposits within the first 10 hours of launch.

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.