Kraken's DeFi Earn Surpasses $200M in Deposits Using Aave Protocol

馃殌 Kraken hits $200M milestone

By Aave
May 21, 2026, 2:29 PM
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Kraken launched DeFi Earn in January 2026, a USDC yield product powered by Aave Protocol.​

Key Features:

  • Users earn yield directly through the Kraken app
  • No need to manage wallets or bridges
  • Simple vault selection interface
  • Offers up to 8% APY on deposits

Milestone: Deposits have already exceeded $200 million, demonstrating strong user adoption.​

The product represents a bridge between traditional centralized exchanges and decentralized finance, making DeFi yields accessible to mainstream users through a familiar interface.​

Sources
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