Empire Why Kraken Is Betting Big on Onchain Vaults | John Zettler & Sun Raghupathi
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Jan 26, 2026 Sun Raghupathi, co-founder of Veda, builds multi-protocol vault infrastructure. John Zettler, Director of Product at Kraken, leads on-chain vault integrations. They discuss vault mechanics, how vaults package DeFi lending and yield, risk management and curator roles. They cover business models, differences from CeFi yield products, and the path to bringing vaults to mainstream users.
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Vaults Are The Institutional Packaging Layer
- Vaults are a packaging layer that lets institutions productize DeFi while adding compliance and risk controls.
- Sun predicts 2026 will be "the year of the vault" as major firms adopt on-chain vaults.
Vaults Let Fintechs Tailor DeFi Yield
- Vaults aggregate DeFi primitives so fintechs can offer tailored yield products without building protocol-level plumbing.
- They let distributors customize liquidity windows, collateral, and risk-return profiles for users.
Multi‑Protocol Vaults Win Institutions
- Multi-protocol, multi-chain vaults are the evolution beyond single-market or single-protocol vaults.
- Sun argues institutions will demand this flexibility to access higher, sustainable yields.