Kraken Launches DeFi Earn Feature with 8% APY
Kraken Launches DeFi Earn Feature with 8% APY
💰 Kraken's DeFi Move
Kraken has launched DeFi Earn, a new feature that allows users to earn up to 8% APY on their crypto assets directly within the Kraken app.
The service is built in partnership with Veda Labs, Sentora, and Chaos Labs. It provides access to audited onchain vaults without requiring users to manage seed phrases or complete technical setup steps.
Key features:
- Up to 8% annual percentage yield
- No seed phrase management required
- Integrated directly into the Kraken app
- Powered by audited onchain vaults
- Simplified user experience
The feature aims to make DeFi rewards accessible to mainstream users by removing technical barriers typically associated with decentralized finance protocols.
We’re making DeFi rewards simple. Meet DeFi Earn, powered by @Veda_labs, @SentoraHQ and @ChaosLabs. Earn up to 8% APY on your assets all within the Kraken app experience you already know & trust. No complicated setup. No technical steps. Just start earning ⤵️
DeFi Earn is now live in the Kraken app. Earn up to 8% APY through audited onchain vaults — no seed phrases or setup required. Put your money to work, all on Kraken. Dive in 👉 kraken.com/defi-earn kraken.com/en-ca/defi-earn
🔐 Kraken Lists ZAMA Token for Encrypted Smart Contracts
Kraken has launched trading for **$ZAMA**, the token powering Zama's Fully Homomorphic Encryption (FHE) protocol. **Key Details:** - ZAMA enables confidential smart contracts on any Layer 1 or Layer 2 blockchain - The protocol brings compliant confidentiality to onchain finance - Developers can build privacy-preserving applications across multiple blockchains - Trading went live February 2 at 13:00 UTC - Geographic restrictions apply to certain regions Fully Homomorphic Encryption allows computations on encrypted data without decryption, addressing blockchain transparency concerns while maintaining compliance. [Trade ZAMA on Kraken](https://app.kraken.com/JDNW/ZAMA)
Kraken Expands DeFi Earn and Strengthens F1 Partnership
**Key Updates from Kraken:** - **DeFi Earn Goes Global**: Kraken launched its DeFi Earn product across the United States, European Economic Area, and Canada, expanding access to decentralized finance earning opportunities. - **F1 Partnership Continues**: The exchange renewed its sponsorship with Atlassian Williams F1 Team, maintaining its presence in motorsports. - **Leadership at Trump Summit**: Kraken Co-CEO Arjun Sethi represented the company at the Trump Account Summit this week. These moves signal Kraken's continued expansion in both product offerings and strategic partnerships.
Tether's US Stablecoin, BlackRock's Bitcoin ETF, Nifty Gateway Closes
**Tether Launches US-Compliant Stablecoin** Tether has introduced a new stablecoin designed to meet US regulatory requirements, marking a significant shift in its approach to the American market. **BlackRock Debuts Yield-Generating Bitcoin ETF** The world's largest asset manager has rolled out a Bitcoin ETF that generates yield, adding a new dimension to institutional crypto investment products. **Nifty Gateway Shuts Down** The NFT marketplace Nifty Gateway has ceased operations, reflecting ongoing challenges in the digital collectibles space.
Kraken Lists BGB Token for Trading
Kraken has launched trading for BGB, the native utility token of the Morph Network, Bitget, and Bitget Wallet ecosystems. **Key Details:** - BGB serves three primary functions: native gas fees, governance, and onchain payment settlement - Trading went live on January 30 at 15:00 UTC - The listing expands global access to the token across these interconnected platforms The token is designed for practical use cases rather than speculation, focusing on operational utility within its ecosystems. [Trade BGB on Kraken](https://app.kraken.com/JDNW/BGB)