For a limited time, eligible customers can earn up to 4.25% APY on USDe with no lock-in. Sign up for Auto Earn and you’re all set.
What is USDe?
USDe is a dollar-denominated synthetic asset issued by Ethena. USDe is backed by cryptoassets and corresponding short future positions and derives its relative anchoring stability from the execution of delta neutral hedges against the support assets held by the protocol.
What does Kraken offer?
We offer a standard 3.5% APY on USDe with an enhanced 4.25% APY available for a limited time to eligible Kraken+ subscribers.
Some points to know about how it works:
- Register for Win automatically and you will immediately start earning on USDe; 3.5% APY as standard, or 4.25% APY with a Kraken+ subscription
- USDe remains fully tradable and withdrawable at any time
- No blocking period applies
Do you keep unused USD or other stablecoins?
Convert to USDe on Kraken only takes a few clicks. Opt for Auto Earn and your equity starts working immediately up to 4.25% APY with Kraken+.
How to get started
USDe rewards are available to eligible customers at Kraken And KrakenPro. Simply sign up for Auto Earn, hold USDe in your Kraken account and the rewards will start accumulating immediately.
Geographic restrictions apply. Reward rates are determined and paid by Kraken in its sole discretion and are subject to change. Through its partnership with Ethena, Kraken benefits from an economic advantage with regard to the amounts of USDe held on the platform. 3.5% promotional APY for all users and 4.25% promotional APY for Kraken+ users through 06/30/26; Prices are indicative and may vary. Starting 06/30/26, the APY changes to our standard variable rate (currently up to 1.75% for all users, up to 3.5% APY with Kraken+). Terms and conditions apply.
Kraken+ is an auto-renewing subscription requiring recurring payments. Cancel anytime. The price includes applicable taxes (i.e. VAT) where necessary. In other regions, the price displayed does not include taxes, which will be added at the time of purchase if applicable. Subscription benefits vary by region and are subject to change by Kraken at any time upon notice. No-fee trading is subject to monthly trading volume limits, which can be viewed in your account settings. Spread and payment processing fees still apply. Boosted USDG rewards, including rewards rate, are subject to change and are not available in all regions. See our Terms of use for more information. Other fees may apply.
