DeFi has always promised more control, but most people find themselves overwhelmed by wallet setups, seed phrases, and a maze of on-chain steps. That’s why we’re excited to introduce DeFi Earn.
It lets you earn up to 8% APY* on your money and stablecoins with the same Kraken experience you already use. There are no separate wallets, no additional apps, and no complicated workflows.
The process remains simple while the chain job runs in the background
Using DeFi Earn is simple:
- Deposit cash or supported stablecoins in Kraken.
- Convert and allocate: Convert funds to USDC if necessary, then move them to audited Veda vaults that provide liquidity to on-chain lending protocols.
- Earn rewards: Borrowers pay to access this liquidity and these payments come back to you in the form of USDC rewards which are added directly to your Kraken account.
You file. The system manages chain actions. You earn competitive DeFi rewards through a simple and transparent experience.
Providing DeFi access without the complexity
John Zettler, Earn Product Director of Kraken: “DeFi Earn is more than a new feature. It’s 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, co-founder of Veda: “We are proud to power the on-chain infrastructure behind DeFi Earn and help Kraken deliver a seamless experience. While traditional venues for earning rewards are flattening, on-chain marketplaces continue to offer higher variable APYs. DeFi Earn highlights the highest market rates that come from actual lending activity. Rewards are based on actual market demand for capital.”
Transparency is built in. Before depositing, you can see the current rate. Each vault is administered by Veda and managed by professional risk management teams.
Choose from 3 safe options with risk management
Chaos Labs and Sentora are the risk managers offering vaults at launch and are responsible for asset allocation, risk management and liquidity monitoring. Withdrawals are usually instant. If liquidity is limited, there may be short delays. Choose from:
- Balanced Yield USDC Vaultmanaged by Chaos Labs
- Enhanced Yield USDC Vaultmanaged by Chaos Labs
- USDC Vault Advanced Strategiesmanaged by Sentora
DeFi Earn is available in 48 US 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 base for on-chain finance.
How to get started
- Log in to your Kraken account
- Go to the Earn section
- Choose DeFi Win
- Select your amount and preferred risk strategy
- Read and accept the conditions
- Start earning automatically
DeFi Earn delivers real on-chain returns through a simple and 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.
