Variable APY : Rewards are based on supply and demand in the lending protocols that DeFi Vaults use. This means your APY can change at any time. Continuous accrual : Rewards are not paid weekly or monthly. Instead, your vault balance increases continuously in real time. Compounded growth : Rewards automatically increase your balance, so your earnings themselves can earn additional rewards. Vault-specific rates : Each vault (Balanced, High-Yield, etc.) has its own APY, which is displayed in-app. You can view your lifetime rewards, average APY, and current vault earnings in the Earn tab at any time.

Fees for DeFi Earn are incurred in two ways: A percentage of the vault’s earnings are taken as a fee. This fee is taken from the vault automatically and before earnings are shown in your balance. There are no fees when you withdraw. If you choose an asset besides USDC, Kraken will apply the standard fee to convert to USDC before depositing into a vault. You will have the chance to review the fee before confirming your deposit.

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

DeFi Earn rewards and fees

Q: Reward rates

Reward rates are displayed as an Annual Percentage Yield (APY) and may vary by vault. Kraken displays the current APY based on market data provided by the vault’s risk manager.

Last updated: 26 студзеня 2026 г.

DeFi Earn allows you to earn variable rewards by allocating assets into DeFi Vaults on Kraken, Kraken Pro, and Krak. Rewards and fees work differently than in traditional staking or savings products.

Rewards in DeFi Earn

•
Variable APY: Rewards are based on supply and demand in the lending protocols that DeFi Vaults use. This means your APY can change at any time.
•
Continuous accrual: Rewards are not paid weekly or monthly. Instead, your vault balance increases continuously in real time.
•
Compounded growth: Rewards automatically increase your balance, so your earnings themselves can earn additional rewards.
•
Vault-specific rates: Each vault (Balanced, High-Yield, etc.) has its own APY, which is displayed in-app.

You can view your lifetime rewards, average APY, and current vault earnings in the Earn tab at any time.

Reward rates

Reward rates are displayed as an Annual Percentage Yield (APY) and may vary by vault. Kraken displays the current APY based on market data provided by the vault’s risk manager.

Fees

Fees for DeFi Earn are incurred in two ways:

1
A percentage of the vault’s earnings are taken as a fee. This fee is taken from the vault automatically and before earnings are shown in your balance. There are no fees when you withdraw.
2
If you choose an asset besides USDC, Kraken will apply the standard fee to convert to USDC before depositing into a vault. You will have the chance to review the fee before confirming your deposit.

Next steps

See How to allocate assets in DeFi Earn to start earning, or visit the DeFi Earn FAQ for common questions about rewards, fees, and risks.

Rewards are variable and not guaranteed; you can lose some or all of your assets. Interacting with on-chain smart contracts involves risks which are further detailed in the terms of service, including technological risk (bugs, exploits, and oracle/MEV/bridge failures), market risk (price volatility, de-pegs, and liquidation where relevant), and operational risk (irreversible transactions, gas fees, network congestion). Kraken does not control third-party protocols. Offered by Payward Wallet, LLC. Fees apply. Availability varies by jurisdiction.

DeFi Earn rewards and fees

Next steps

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