Kraken has introduced Bitcoin Vault, a new product within its Kraken Earn suite that allows customers to earn BTC-denominated rewards on their Bitcoin holdings without selling the asset. The offering targets long-term holders who want passive yield tied to Bitcoin’s price exposure rather than a fiat-denominated return.

The product carries a variable rate of up to 2.5% APY, paid in Bitcoin. Under the hood, customer assets are routed through DeFi infrastructure built by Veda, with strategy design and risk curation handled by Sentora. 

Those firms allocate capital across established onchain lending protocols including Aave, Morpho, and Tydro — platforms that have processed…

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