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Kraken has introduced three xStocks vaults that let eligible clients earn variable yield on tokenized equities SPYx, QQQx and NVDAx while keeping exposure to the deposited tokens. The product targets roughly 2% net APY by moving wrapped xStock collateral from Ink to Solana and borrowing stablecoins in Kamino lending markets to deploy into DeFi, with a 25% performance fee applied to vault earnings.
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