Kraken launches yield-bearing DeFi vaults for tokenized stocks

• —Starting yields: 2% for SPYx and QQQx, 1.8% for NVDAx after fees
• —A 25% performance fee at the protocol level, with withdrawals subject to a three-day delay
• —The structure: xStock as collateral, stablecoin borrowing and deployment into DeFi strategies
• —The vaults are unavailable in the US, UK, Canada, Australia and the UAE