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Kraken Bitcoin Vault

Key Metrics

Fees 30d$560,015

Fees 30d by chain

Ink$560,015

Fees 7d$132,350

Ink$132,350

Fees 24h$16,943

Ink$16,943

Cumulative Fees$2.63m

Ink$2.63m

Revenue 30d$186,653

Revenue 30d by chain

Ink$186,653

Revenue 7d$44,112

Ink$44,112

Revenue 24h$5,647

Ink$5,647

Cumulative Revenue$758,038

Ink$758,038

Protocol Information

BTC Vault lets users earn rewards on their Bitcoin. Users allocate BTC to an onchain vault, where it is deployed into DeFi lending and borrowing strategies that generate rewards in BTC

Website X/Twitter

Category:Yield

Methodology

Fees: Total yield generated by the Kraken Bitcoin Vault from overcollateralized lending strategies managed by Veda/Sentora, derived from exchange rate appreciation and platform management fees.Revenue: Performance fees taken as a percentage of yield plus annual platform management fees on total vault assets.

Competitors

Spark Savings ($1.583b)Pendle V2 ($1.056b)Convex Finance ($563.44m)Stake DAO Yield ($145.89m)Avalon Superearn ($142.2m)Concentrator ($87.24m)Lorenzo sUSD1+ ($79.98m)Yuzu Money ($77.55m)infiniFi ($69.36m)Wise Token ($66.73m)

Income statement for Kraken Bitcoin Vault

YearlyQuarterlyMonthlyCumulative

	Q4 2026*	Q3 2026	Q2 2026
Gross Protocol Revenue	$502.21K	$1.68M	$444.63K
Assets Yields	$502.21K	$1.68M	$444.63K
Cost of Revenue	$334.82K	$1.2M	$333.47K
Assets Yields	$334.82K	$1.2M	$333.47K
Gross Profit	$167.39K	$479.5K	$111.16K
Performance Fees	$167.39K	$479.5K	$111.16K
Earnings	$167.39K	$479.5K	$111.16K

Income flow visualization

YearlyQuarterlyMonthlyCumulative

Kraken Bitcoin Vault history

Fees and revenue by UTC calendar month, Apr 2026 to Oct 2026

Month	Fees	Revenue
Apr 2026	$3.33	$0.82
May 2026	$22,123	$5,531
Jun 2026	$422,501	$105,627
Jul 2026	$512,926	$128,231
Aug 2026	$602,058	$162,725
Sep 2026	$565,668	$188,539
Oct 2026 (to date)	$502,208	$167,385

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/kraken-bitcoin-vault

Frequently asked questions

What chains does Kraken Bitcoin Vault operate on?

Kraken Bitcoin Vault operates on Ink.

How much has Kraken Bitcoin Vault generated in fees and revenue?

Over the past 30 days, Kraken Bitcoin Vault generated $560,015 in fees. Of that, $186,653 was protocol revenue. Based on the trailing year, the annualized rate is $5.02m in fees and $1.45m in revenue.

How does Kraken Bitcoin Vault's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, Kraken Bitcoin Vault ranks #565 by TVL. The category holds $4.617b across 571 protocols, and Kraken Bitcoin Vault accounts for 0% of that total. Similar protocols include Spark Savings, Pendle V2, Convex Finance, Stake DAO Yield, Avalon Superearn, Concentrator, Lorenzo sUSD1+, Yuzu Money, infiniFi, and Wise Token.