Earn up to 8% APY: Get DeFi-like rewards with a simplified experience
DeFi has always promised more control, yet most people end up overwhelmed by wallet setups, seed phrases, and a maze of onchain steps. That’s why we’re excited to introduce DeFi Earn.
It lets you earn up to 8% APY* on your cash and stablecoins through the same Kraken experience you already use. There are no separate wallets, no extra apps, and no complicated workflows.
The process stays simple while the onchain work runs in the background
Using DeFi Earn is easy:
- Deposit cash or supported stablecoins into Kraken.
- Convert and allocate: Convert funds to USDC if needed, then move into audited Veda vaults that supply liquidity to onchain lending protocols.
- Earn rewards: Borrowers pay to access that liquidity and those payments come back to you as USDC rewards that are added directly to your Kraken account.
You deposit. The system handles the onchain actions. You earn competitive DeFi rewards through a straightforward and transparent experience.
Delivering DeFi access without the complexity
John Zettler, Kraken Director of Earn Products: “DeFi Earn is more than a new feature. It is the bridge between the promise of decentralized finance and the usability people expect from modern financial apps. It lets your money work for you in real time, securely and transparently, without the complexity that has defined DeFi until now.”
Sun Raghupathi, Veda Co-Founder: “We are proud to power the onchain infrastructure behind DeFi Earn and to support Kraken in delivering a seamless experience. As traditional places to earn rewards flatten, onchain markets continue to offer higher variable APYs. DeFi Earn highlights market leading rates that come from real lending activity. The rewards are grounded in actual market demand for capital.”
Transparency is built in. Before you deposit, you can see the current rate. Each vault is administered by Veda and managed by professional risk teams.
Choose from 3 risk-managed vault options
Chaos Labs & Sentora are the risk managers offering vaults at launch and are responsible for allocating assets, managing risks, and monitoring liquidity. Withdrawals are typically instant. If liquidity is tight, there may be short delays. Choose from:
- Balanced Yield USDC Vault, managed by Chaos Labs
- Boosted Yield USDC Vault, managed by Chaos Labs
- Advanced Strategies USDC Vault, managed by Sentora
DeFi Earn is available in 48 U.S. states (excluding New York and Maine), Canada, and the European Economic Area. Supported deposits include cash and major stablecoins.
More regions and assets will be added as we continue to expand this foundation for onchain finance.
How to get started
- Log in to your Kraken account
- Go to the Earn section
- Choose DeFi Earn
- Select your amount and preferred risk strategy
- Review and accept the terms
- Start earning automatically
DeFi Earn delivers real onchain yields through a simple, transparent Kraken experience, so your money can work harder. Deposit now and start earning automatically:
* As of January 21, 2026
Rewards are variable and depend on market conditions.
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