Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.

The rewards of DeFi.
The ease of Kraken.

Put your cash to work and earn real DeFi rewards without the complexity.
Deposit in just a few taps and start earning automatically.

Start earning
Up to

8%

APY

DeFi Earn is not a regulated financial product. APY is variable and not guaranteed. There is a risk of loss. Withdrawal timing may vary based on protocol liquidity.

What is DeFi Earn?

Earn competitive rewards

DeFi Earn lets you earn competitive rewards through a simple experience. You deposit, the system handles the onchain details, and rewards accrue automatically.

Earn competitive rewards

Easy to use

You can view your balance, track rewards, and withdraw almost instantly, all without managing seed phrases or signing transactions manually.
Effortless control

Transparent and professional

See the current rate before you deposit. Each vault is administered by Veda and operated by professional risk teams (Chaos Labs and Sentora) overseeing allocation, risk, and liquidity across Aave, Morpho, Tydro, and others.

Powered by Veda vaults

How it works

No seed phrases. No manual signatures. The embedded wallet automates all onchain steps for you.

Kraken Earn

Opt-in and get started - Go to “Earn” via your portfolio tab and select USDC

Choose strategy

Select your preferred strategy – Choose what fits your situation best.

Allocate USDC

 Convert your fiat or stablecoins to USDC – You can also choose to automatically swap fiat and stablecoins to USDC.

Veda logo

Earn rewards from onchain borrowers – Your USDC is deposited into a Veda vault on the Ink network. The vault, managed by a Risk Manager (Chaos Labs or Sentora), supplies liquidity to lending protocols like Aave and others.

Earnings

Grow your rewards over time – Borrowers pay interest, increasing the vault’s value and your returns.

USDC deallocation initiated

Withdraw almost instantly – Get instant access when liquidity is available. If liquidity is tight there can be delays.

Why Kraken?

Kraken LogoKraken
bank transfers

Coinbase DeFi Lend

Coinbase DeFi Lend

Bank / Fintech Cash

Bank / Fintech
Yield (APY)

Up to 9.87%

As of today

3.86%

As of Jan 26, 2026

0.5 – 3.8 %

As of Jan 26, 2026

Vault audits

Independent

Partial

Withdrawals

Flexible

Flexible

Instant

No seed phrase needed
Geographic access

United States, Canada, Europe

US only

Where available

Get started

FAQs

DeFi Earn lets you earn variable onchain rewards on your assets through automated smart-contract vaults. After you choose a vault, your assets are routed onchain to interact with decentralized lending protocols. Borrowers pay to access liquidity, and those payments are reflected as rewards over time.

Rewards are driven by borrower demand in decentralized lending protocols. Vaults supply liquidity to third-party protocols, and payments made by borrowers flow back to users as rewards (net of applicable fees).

DeFi Earn operates on public blockchains, so outcomes can vary based on market conditions and network activity. Things to be aware of include:

  • Rewards change as borrowing demand changes

  • Withdrawal timing may vary during periods of high activity

  • Onchain systems can behave differently than traditional financial products

Rewards reflect market demand for borrowing across decentralized lending protocols. When demand is strong, rewards may increase; when demand softens, rewards adjust downward. APY is variable and not guaranteed, and can change at any time.

No. You deposit cash or stablecoins, and the onchain steps are executed automatically. No seed phrases or bridging needed.

There’s a 25 percent fee on rewards only (not on the principal).

Yes withdrawals are typically instant. If vault liquidity is tight, there will be temporary delays.

  • USA (minus NY and ME)

  • Canada

  • European Economic Area

  • More regions to follow

Staking is a security mechanism for blockchain protocols which pays out rewards based on what said protocol offers via inflation. DeFi Earn lends assets through protocols to borrowers so rewards are based on market activity.

Rewards may change, and withdrawals could slow if liquidity drops.

Start earning today

Put your cash and stablecoins to work with DeFi Earn.

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