Kraken Launches xStocks Vaults With Up to 2% Yield on Tokenized Stocks and ETFs Now

3 weeks ago 6

Rommie Analytics

Key Takeaways:

Kraken introduces xStocks Vaults to earn onchain yield on tokenized exposure to SPY, Nasdaq-100 and NVIDIA.
Users can deposit SPYx, QQQx or NVDAx and receive up to 2% APY in xStocks they deposit.
The vaults provide onchain lending strategies powered by Veda and Sentora, which allows for withdrawals at any time but with a minimum return period of 3 days.

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