Kraken launches DeFi Earn with Privy wallets
Debbie Soon
|Jan 26, 2026
Today, global cryptocurrency exchange Kraken announced the launch of DeFi Earn, a new way for users to earn real onchain rewards directly inside the Kraken app. Privy is proud to power the wallet infrastructure that makes this experience possible.
With DeFi Earn, Kraken users can earn up to 8% APY on supported assets through DeFi protocols without managing wallets, seed phrases, or manual transactions. Users deposit in a few taps, select a risk profile, and rewards accrue automatically, all within the Kraken experience they already trust.
This launch brings DeFi yield to a broader audience by pairing onchain rewards with consumer-grade UX.
DeFi rewards without the complexity
DeFi Earn is designed to feel familiar, with onchain complexity handled entirely behind the scenes.
Inside the Kraken app, users can:
Deposit assets in just a few taps
Choose between Balanced, High, or Advanced vaults based on risk preference
Track balances and rewards in real time
Withdraw funds with near-instant liquidity in most conditions.
There are no seed phrases to manage and no transactions to approve manually. Privy's wallet infrastructure automates key management and onchain execution, so users can earn DeFi rewards without needing to understand how DeFi works under the hood.
Composable DeFi, powered by Privy wallets
DeFi Earn rewards come from real onchain lending activity, where borrowers pay interest to access liquidity. Because these markets operate directly onchain, capital can be deployed more efficiently, often resulting in higher returns compared to traditional savings products.
Kraken's DeFi Earn vaults allocate capital to established protocols like Aave, Morpho, Tydro, and others, administered by Veda.
Privy's wallet infrastructure enables this composable setup by securely interacting with multiple protocols behind the scenes. This allows capital to move, earn, and rebalance seamlessly through a single embedded wallet layer.
What's next
DeFi Earn is now live for Kraken customers, bringing real onchain rewards into everyday financial life. Privy is proud to support Kraken in helping them safely scale access to DeFi rewards through thoughtful product design, as well as secure and scalable infrastructure.
