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EVENT / TOPICHistorical

Kraken launches DeFi yield protection product backed by USDC

1 reports1 sources10/19/2026 updated

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AI overview

Kraken has launched a DeFi yield protection product backed by USDC, allowing users to invest without holding XRP. The scheme, facilitated via the Firelight platform, converts XRP collateral into FXRP, with fees funded by a protection premium. However, investment returns are factored into the protection fee, meaning actual yields may be lower than standard DeFi returns.

Written with AI from the reporting · updated 10/19/2026

Latest developmentOct 19, 19:20
Kraken DeFi vault adds XRP-linked collateral providers to earn fees
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  1. 1Unclassified fact stationOct 19, 19:51single sourcereport-time onlyrevised

    Kraken 用户可从 DeFi 收益中获利，但有条件限制

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    Evidence & revisions · 1 source records
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    CryptoSlate ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 19, 19:20
    First seen (known side)：
    Oct 19, 19:51
    Fact stationSingle source · one-sided claimRevisedReport-time only

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Oct 19
  1. CryptoSlateRelated fact: single sourceFact occurrence time unverifiedSource report revised
    Kraken DeFi vault adds XRP-linked collateral providers to earn fees

    Report first recorded Oct 19, 19:51

    Kraken's USDC vault will direct part of its yield to XRP-linked collateral providers underwriting DeFi losses via Firelight. The integration allows XRP holders to earn fees by supplying FXRP as collateral, though Kraken depositors face lower yields as protection fees are deducted. Firelight converts USDC premiums into FXRP, increasing collateral backing for stakers. The deal creates a new distribution channel for Firelight and potential recurring income for XRP-linked capital, though the protocol has not disclosed generated premiums or acquired FXRP amounts.

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