TL;DR
- Kraken+ subscribers in the US, UK, and other eligible regions earn up to 6% APY on AUSD for the first three months, then up to 3% APY as the ongoing standard Kraken+ rate.
- Users in eligible regions without Kraken+ earn up to 3% APY on AUSD during the promotional period, then up to 1.5% APY after.
- AUSD is a digital dollar issued by Agora, backed 1:1 by cash, short-term US Treasuries, and reverse repurchase agreements.
- Opt in to Auto Earn on Kraken to start earning immediately. No staking, no lockups.
For a limited time, eligible customers in the US, UK, and other eligible regions can earn up to 6% APY on AUSD with no lockups. Opt in to Auto Earn and you’re all set.
What is AUSD?
AUSD is a cryptoasset pegged 1:1 to the US dollar and issued by Agora. Every unit of AUSD is backed by real-world assets: cash, short-term US government bonds (Treasuries), and reverse repurchase agreements.
What is Kraken offering?
We offer two earning tiers on AUSD for eligible customers, both available through Auto Earn:
- Opt in to Auto Earn and you’ll start earning on AUSD immediately
- Kraken+ subscribers earn up to 6% APY for the first three months, then up to 3% APY as the standard ongoing Kraken+ rate
- Non-Kraken+ users earn up to 3% APY for the first three months, then up to 1.5% APY after
- AUSD remains fully tradable and withdrawable at any time
- No lockup periods apply
Holding idle USD or other stablecoins?
Converting to AUSD on Kraken takes just a few taps. Opt in to Auto Earn and your capital starts working right away at up to 6% APY with Kraken+.
How to get started
AUSD rewards are available to eligible customers on Kraken. Simply buy or convert to AUSD, opt in to Auto Earn, and rewards will begin accruing immediately. Kraken+ subscribers automatically unlock the elevated 6% APY promotional rate.
Geographic restrictions apply. Rewards rates are determined and paid out by Kraken in its sole discretion and are subject to change. See our Terms of Service for more info. Kraken receives an economic benefit with respect to amounts of AUSD held on platform. The 6% APY promotional rate applies for the first three months only; the standard Kraken+ rate of 3% APY applies thereafter. Non-Kraken+ users earn up to 3% APY for the first three months, then up to 1.5% APY.
Kraken+ is an automatically renewing subscription. Cancel anytime. Subscription benefits vary by region. Other fees may apply.
The post Earn up to 6% APY on AUSD with Kraken+ appeared first on Kraken Blog.
