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Kraken launches Bitcoin Vault offering 2.5% annual returns on BTC via DeFi lending platforms.

Protocol Fundamentals
28 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Kraken has introduced Bitcoin Vault, a new product allowing Bitcoin holders to earn up to 2.5% annual returns by channeling BTC deposits into DeFi lending platforms like Aave, Morpho, and Tydro through a wrapped token called kBTC. This non-custodial service keeps users in control of their assets, though withdrawals take about five days. The vault raised $30 million from 4,000 wallets within 10 hours, expanding Kraken's successful DeFi Earn suite that already manages over $245 million in stablecoin deposits. This product addresses the demand for passive income on Bitcoin, which traditionally lacks native yield options compared to other cryptocurrencies.

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