Kraken Vault Fees Could Flow to XRP Stakers Under Shared Risk Model

Firelight’s coverage program could convert fees paid by a Kraken-linked USDC vault into value for XRP stakers, whose pooled collateral backs all active covered vaults and can absorb validated claims. Sentora, curator of the Protected Strategies USDC vault, enrolled it in Firelight’s program on Oct. 15. Kraken DeFi Earn offers the vault to depositors. The coverage charge is taken from vault yield and already appears in the annual percentage yield displayed to customers; Kraken receives none of the fee. FXRP represents XRP on Flare and serves as collateral in Firelight’s pool.

Source: TokenPost