What is Rewards?
Rewards enables you to earn crypto on every eligible asset in your account. Your assets will generate an Annual Percentage Rate (APR) through our Staking and Opt-in rewards programs, which compounds over time.
To use Rewards you simply need to turn it on and select whether you want to earn rewards from the Staking or Opt-in rewards programs, or both, across all eligible assets in your account. Once you have activated Rewards, Kraken will automatically allocate your assets and manage the whole process, with no further action required from you.
Assets enabled in Rewards are still available to trade (including Spot and Margin trades on Kraken Pro) or withdraw at any time.
Reward rates
Each asset will earn rewards at its own Annual Percentage Rate (APR). The reward rate is different per asset, and rewards will be paid out in kind. For example, if you are holding DOT you will receive your reward in DOT. In addition, any new funds deposited to your account would immediately start generating yield, but only if you have activated Rewards.
Rewards accrue daily and are paid out to your balance on a weekly basis.
Are there any limits?
You can earn rewards for any eligible asset with a balance of more than 1 USD. There is no limit to the amount of rewards that can be earned, however the total amount of each asset eligible for Rewards at any given time is capped.
For example, if the cap on DOT is 100k DOT, and you have 50k DOT, you will earn the APR on all of your assets. If you have 150k DOT, you will earn on the first 100k and not on the remaining 50k.
Currency | Reward Annual Percentage Rate (APR) | Asset Caps |
---|---|---|
Cardano (ADA) | 2%-5% | N/A |
Celestia (TIA) | 3%-6% | 20,000 |
Cosmos (ATOM) | 7%-11% | 5,500 |
Dymension (DYM) | 1%-2% | 12,000 |
Ethereum (ETH) | 1%-3% | 350 |
Flare (FLR)** | 0.1%-2% | N/A |
Flow (FLOW) | 3%-7% | 410,000 |
Injective (INJ) | 3%-6% | 7,000 |
Kava (KAVA) | 3%-6% | 72,500 |
Kusama (KSM) | 8%-12% | 2,000 |
Mina (MINA) | 7%-11% | N/A |
Polkadot (DOT) | 5%-9% | 10,500 |
Polygon (MATIC) | 1%-3% | 95,000 |
Secret (SCRT) | 7%-11% | 140,000 |
Sei (SEI) | 1%-3% | 240,000 |
Solana (SOL) | 4%-8% | 1,500 |
Tezos (XTZ) | 5%-10% | N/A |
The Graph (GRT) | 5%-8% | 350,000 |
Tron (TRX) | 2%-4% | 550,000 |
Bitcoin (BTC)* | 0.1% | 50 |
Global Dollar (USDG)* | 4.5% | 5,000,000 |
Tether USD (USDT)* | 4.25% | 5,000,000 |
USD Coin (USDC)* | 4.25% | 5,000,000 |
*Asset availability for Opt-In rewards may differ due to geographic restrictions. Please see Kraken’s Opt-In Rewards eligibility and availability support article for more information.
** Rewards are earned only through Flare network airdrops.
Am I eligible for Rewards?
To use Rewards:
- •Ensure your Kraken account is verified to the Intermediate level or above and be in a permitted location.
- •You may not use Rewards if you are a resident or a citizen of a prohibited location, including the United States and other restricted countries.
If Rewards is not showing as an option on your account, you may not be eligible.
How do I turn on Rewards on Web?
On Kraken Web:
- 1.Sign in to your Kraken account.
- 2.
- 3.To activate Rewards click Start earning rewards. Your eligible assets will be shown in the popup screen.
Note: If you are currently using the Staking feature on Kraken Pro, Rewards will only be active on eligible non-staked assets.
On Kraken Pro Web:
- 1.Sign in to your Kraken Pro account and click on the Portfolio overview page.
- 2.To activate Rewards click Start earning now on the Rewards banner.
- 3.Click Get Started on the information page.
- 4.On the next screen your eligible assets will be displayed.
- 5.On the next screen the Rewards programs you can subscribe to will be displayed. Click on Agree & Turn on.
- 6.If our Opt-in rewards program is available in your region, you will be asked to select the reward programs you wish to enable under Rewards.
Note: If you are currently using the Staking feature on Kraken Pro, Rewards will only be active on eligible non-staked assets.
How do I turn on Rewards on the App?
Turn on Rewards on the Kraken App:
- 1.Open the Kraken app and tap the Home button.
- 2.Tap Earn.
- 3.Click Continue on the information page.
- 4.On the next screen your eligible assets will be displayed. Tap on Start earning rewards.
- 5.Once you have enabled Rewards you can start earning!
Turn on Rewards on the Kraken Pro App:
- 1.Open the Kraken Pro app and tap the Portfolio button.
- 2.To activate Rewards, tap the Rewards banner.
- 3.Tap Get Started on the information page.
- 4.On the next screen your eligible assets will be displayed.
- 5.On the next screen the Rewards programs you can subscribe to will be displayed. Tap on Agree & Turn on.
- 6.Once you have enabled Rewards you can start earning!
To pause Rewards on Web
When Rewards is paused in the balances tab you will see the message: Rewards is paused. You’re no longer earning on your assets. Resume earning anytime.
On Kraken Web:
- 1.On the homepage of your account click on Rewards.
- 2.Click Pause Earn.
- 3.Once you have paused Rewards you’ll no longer be earning on your assets.You will receive any pending rewards once the current 7 day payout date ends.
- 4.You can turn Rewards back on at any time!
Kraken Pro Web:
- 1.Once signed in, click on User settings followed by Settings.
- 2.In the Kraken Rewards section toggle the desired reward program you wish to disable.
- 3.Click Yes, Pause.
- 4.Once you have paused Rewards you’ll no longer be earning on your assets.You will receive any pending rewards once the current 7 day payout date ends.
- 5.You can turn Rewards back on at any time!
To pause Rewards on the App
When Rewards is paused in the balances tab you will see the message: Rewards is paused. You’re no longer earning on your assets. Resume earning anytime.
Kraken App:
- 1.Navigate to the Rewards section on the App.
- 2.Swipe your finger from bottom to top and open the Earn information window.
- 3.Tap Pause Earn.
Kraken Pro App:
- 1.Once signed in, click on Account followed by Account details.
- 2.In the Kraken Rewards section toggle the desired reward program Off.
- 3.Tap Pause Earn.
- 4.Once you have paused Rewards you’ll no longer be earning on your assets. You will receive any pending rewards once the current seven day payout date ends.
You can turn Rewards back on at any time!
What is the difference between Rewards and Staking on Kraken Pro?
Rewards:
- •The Rewards feature is accessed on the Kraken interface.
- •One button to turn on Rewards on all eligible assets in your account.
- •Unlike Staking on Kraken Pro there are no bonded assets.
- •Retains instant access to all assets to trade (including Spot and Margin on Kraken Pro) and withdraw.
Staking on Kraken Pro:
- •Staking is accessed on the Kraken Pro interface.
- •Select specific assets to stake.
- •Select bonded or flexible staking.
- •Instant un-staking only when using flexible terms.
Fees
There are currently no transaction fees for Rewards staking or unstaking. Kraken targets a commission of 20% based on the rewards you receive from the network. There are currently no fees for allocating assets to opt-in rewards programs.
Staking Rewards are generated by staking a portion of your eligible assets on chain, Kraken keeps the remainder unstaked for liquidity purposes. You will receive network rewards on up to 50% of your Rewards assets. Opt-in Rewards are generated by automatically allocating your eligible spot balances to our Opt-in rewards program.
The APR rates shown are an estimate of the rewards you could receive on the assets you hold, before our commission, and are based on the average staking rewards accrued over the past period. In cases where we are subject to a validator commission, the APR rates shown are after such commissions.
For additional information, please refer to our Terms of Service.
Risks of staking in the rewards program
Participating in Staking Rewards is not a risk-free endeavor. Individuals should be aware of the following risks.
- •We stake only a portion of eligible assets on chain, with the remainder held to ensure adequate liquidity. In the event that insufficient liquidity is available in a particular eligible asset, we may delay the release of eligible assets contributed to the Rewards under the Flexible Staking program until after the relevant unbonding period has elapsed based on the blockchain protocol.
- •We do not guarantee you will earn any reward. Changes to blockchain protocols and network behaviour may impact rewards. Future rewards may be less than historical rewards, or even drop to zero.
- •Staking services could be vulnerable to hacks, a payment could default, or an event known as “slashing” can be triggered by malicious actions or technical errors, resulting in a loss of staked funds and subsequent rewards.
We will compensate you for any slashing penalty and non-payment of applicable staking rewards, unless this results from your actions, network maintenance or a bug, a hack, and in certain other situations. For a full list of circumstances where we won’t compensate you for slashing penalties, please refer to our Terms of Service.
You retain ownership of each eligible asset that is staked, and such assets remain your property while Staked.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, hold, lend, or contribute any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Not available in the US and other geographic restrictions apply. Reward rates are subject to change. Participation in the Opt-In Rewards Program involves an element of risk and may not be suitable for everyone. For the full terms and conditions, please refer to Kraken’s Terms of Service.