In this episode, Kraken’s John Zettler and Sun Raghupathi, co-founder of Veda, discuss their collaboration to bring onchain vaults to Kraken. They outline the growth trajectory of onchain vaults and describe how these structures bundle DeFi lending and yield strategies into a single programmable product. The discussion positions vaults as a bridge between traditional custody and decentralized finance, with potential to broaden access to yield opportunities across the ecosystem.
The conversation then turns to vault mechanics, risk management, and viable business models that vaults enable. The guests compare vault design against past yield products, noting how onchain vaults could alter exposure and liquidity dynamics. They reference historical benchmarks such as BlockFi and Celsius to illustrate evolving risk profiles and market expectations. The discussion also touches on the practical steps involved in bringing vaults to Kraken, including collaboration aspects with partners like Morpho.
A key takeaway is that Kraken’s move could influence DeFi adoption by making vault-based strategies more accessible to a broader user base. The speakers explore how vaults might impact total value locked (TVL) and outline milestones needed to drive meaningful growth. The episode closes with reflections on timing, potential challenges, and the roadmap for integrating onchain vaults into Kraken’s platform.
Leave a Reply