#kbtc

➤ Kraken has launched a new non-custodial Bitcoin yield product offering a 2.5% APY, utilizing Veda's infrastructure to route BTC into lending markets via kBTC. ➤ The product aims to simplify yield generation for Bitcoin holders by removing the complexities of wrapping or managing crypto wallets, with withdrawals taking approximately five days. ➤ Early traction shows significant deposits, indicating a strong demand for yield-oriented products that offer control over funds and avoid custody risk.

➤ Kraken has launched a new non-custodial Bitcoin yield product, the Kraken Earn BTC Vault, offering up to 2.5% yearly yield. ➤ The product attracted $30 million in Bitcoin deposits from 4,000 wallets within its first 10 hours of launch. ➤ Yield is generated by swapping Bitcoin to Kraken Wrapped Bitcoin (kBTC) and allocating it across DeFi lending platforms like Aave and Morpho.

➤ Kraken is migrating its wrapped assets, including kBTC, to Chainlink CCIP, discontinuing the use of LayerZero following a significant exploit. ➤ The decision was influenced by LayerZero's role in a $292 million Kelp DAO exploit, highlighting concerns over bridge security and configuration errors. ➤ This move signifies a growing trend in DeFi towards more robust and institutionally-focused cross-chain solutions, with Chainlink CCIP gaining traction.

➤ Kraken is migrating its wrapped assets, including kBTC, to Chainlink's Cross-Chain Interoperability Protocol (CCIP). ➤ This move leverages Chainlink's enterprise-grade infrastructure, focusing on security and institutional standards. ➤ The partnership aims to enhance utility and distribution of Kraken Wrapped Assets across DeFi, promoting global crypto adoption.

PrimeEzy - #CollegeGraduate

I got something for all the baddies and i had to tag @castinothehero for this one. #SkeetSkeet stay tuned #champaigngun #OhBoy #KBTC (at Bloemfontein, Free State)

All they can do is just hope, that I don't make it big...#popbottlesbloem2k17 #OhBoy #RCTM #KBTC

S/O @popbottlesurban @djdimplez for messing with us!! #popbottlesbloem2k17 was too much🔥🔥👑 #RCTM #KBTC #OhBoy