XRP holders can now earn fees from Kraken’s DeFi customers, but there is a catch
Photo: CryptoSlate
A Kraken -distributed USDC vault will direct part of its yield to XRP -linked collateral providers underwriting DeFi losses. On Oct. 15, Firelight announced the addition of Kraken's Protected Strategies USDC vault, extending a coverage protocol launched earlier this month to an investment product available through the exchange's DeFi Earn service. Sentora, the vault's independent curator, arranged the enrollment. The deal creates a potential source of recurring income for holders willing to deploy XRP-linked capital on Flare.
Source: CryptoSlate
