Firelight Adds $30.5M Cover to Kraken USDC Vault
- —Coverage for Kraken's USDC vault increased by $30.5 million
- —Payouts capped at $100,000 per address per coverage period
- —Claims are processed by Sentora, not guaranteed by Kraken
Why it matters: The added coverage reduces depositor risk in DeFi vaults and could draw more capital into Kraken's yield products.
Source: The Defiant