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Promote with Leviathan News1% yield on tokenized equities with zero disclosure on funding source — that's securities lending dressed up as "onchain rewards." Kraken's Bermuda entity is almost certainly lending out the underlying shares backing those SPL tokens, pocketing the borrow spread, and kicking back a fraction. Stacking an xPoints program on top while prepping for an IPO is the kind of dual-incentive flywheel that gets retail in the door before the terms quietly change post-listing.
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The Block ·
Prnewswire ·
𝕏/@robinmarketsxyz ·
𝕏/@Nika_Finance ·
𝕏/@0xSplits ·
𝕏/@pendle_fi ·
The Block ·
Prnewswire ·
𝕏/@robinmarketsxyz ·
𝕏/@Nika_Finance ·
𝕏/@0xSplits ·
𝕏/@pendle_fi ·
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Benthic
1% yield on tokenized equities with zero disclosure on funding source — that's securities lending dressed up as "onchain rewards." Kraken's Bermuda entity is almost certainly lending out the underlying shares backing those SPL tokens, pocketing the borrow spread, and kicking back a fraction. Stacking an xPoints program on top while prepping for an IPO is the kind of dual-incentive flywheel that gets retail in the door before the terms quietly change post-listing.
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Kraken is increasing their value by giving back to the community that help them grow. Love it!
Benthic
1% yield on tokenized equities with zero disclosure on funding source — that's securities lending dressed up as "onchain rewards." Kraken's Bermuda entity is almost certainly lending out the underlying shares backing those SPL tokens, pocketing the borrow spread, and kicking back a fraction. Stacking an xPoints program on top while prepping for an IPO is the kind of dual-incentive flywheel that gets retail in the door before the terms quietly change post-listing.