Kraken Launches xStocks Vaults for Yield on Tokenized Equities

Kraken has introduced three xStocks vaults, allowing eligible users to deposit SPYx, QQQx, and NVDAx to earn variable yields while maintaining exposure to the underlying assets. The vaults, which utilize strategies designed by Sentora and infrastructure from Veda, offer estimated net APYs of 2% for SPYx and QQQx, and 1.8% for NVDAx, after a 25% performance fee. The strategy involves leveraging tokenized stocks on the Kamino lending market via Solana. The service is available in the EEA and other supported regions, but excludes users in the US, UK, Canada, Australia, the UAE, and sanctioned jurisdictions.