diff --git a/lms/djangoapps/course_home_api/course_metadata/tests/test_views.py b/lms/djangoapps/course_home_api/course_metadata/tests/test_views.py
index 6ffa15852991f6c081d4c99ae0af36eb18a4b992..7430f5cc624f573343cb3d26b08107b677eccdb3 100644
--- a/lms/djangoapps/course_home_api/course_metadata/tests/test_views.py
+++ b/lms/djangoapps/course_home_api/course_metadata/tests/test_views.py
@@ -16,8 +16,7 @@ from lms.djangoapps.courseware.toggles import (
 from common.djangoapps.student.models import CourseEnrollment
 from common.djangoapps.student.tests.factories import UserFactory
 from lms.djangoapps.course_home_api.tests.utils import BaseCourseHomeTests
-from lms.djangoapps.experiments.testutils import override_experiment_waffle_flag
-from lms.djangoapps.experiments.utils import STREAK_DISCOUNT_EXPERIMENT_FLAG
+from lms.djangoapps.experiments.utils import STREAK_DISCOUNT_FLAG
 
 
 @ddt.ddt
@@ -86,12 +85,12 @@ class CourseHomeMetadataTests(BaseCourseHomeTests):
     def test_streak_data_in_response(self):
         """ Test that metadata endpoint returns data for the streak celebration """
         CourseEnrollment.enroll(self.user, self.course.id, 'audit')
-        with override_experiment_waffle_flag(STREAK_DISCOUNT_EXPERIMENT_FLAG, active=True):
+        with override_waffle_flag(STREAK_DISCOUNT_FLAG, active=True):
             with mock.patch('common.djangoapps.student.models.UserCelebration.perform_streak_updates', return_value=3):
                 response = self.client.get(self.url, content_type='application/json')
                 celebrations = response.json()['celebrations']
                 assert celebrations['streak_length_to_celebrate'] == 3
-                assert celebrations['streak_discount_experiment_enabled'] is True
+                assert celebrations['streak_discount_enabled'] is True
 
     @ddt.data(
         # Who has access to MFE courseware?
diff --git a/lms/djangoapps/experiments/flags.py b/lms/djangoapps/experiments/flags.py
index d776fb222731d48defdb3f54554b3951224b41f9..323100f849afa2c2dc89a5556387ab70df9c2c63 100644
--- a/lms/djangoapps/experiments/flags.py
+++ b/lms/djangoapps/experiments/flags.py
@@ -11,7 +11,6 @@ from crum import get_current_request
 from edx_django_utils.cache import RequestCache
 
 from common.djangoapps.track import segment
-from common.djangoapps.course_modes.models import CourseMode
 from lms.djangoapps.experiments.stable_bucketing import stable_bucketing_hash_group
 from openedx.core.djangoapps.waffle_utils import CourseWaffleFlag
 
@@ -266,21 +265,6 @@ class ExperimentWaffleFlag(CourseWaffleFlag):
             # Mark that we've recorded this bucketing, so that we don't do it again this session
             request.session[session_key] = True
 
-            # Temporary event for AA-759 experiment
-            if course_key and self._experiment_name == 'discount_experiment_AA759':
-                modes_dict = CourseMode.modes_for_course_dict(course_id=course_key, include_expired=False)
-                verified_mode = modes_dict.get('verified', None)
-                if verified_mode:
-                    segment.track(
-                        user_id=user.id,
-                        event_name='edx.bi.experiment.AA759.bucketed',
-                        properties={
-                            'course_id': str(course_key),
-                            'bucket': bucket,
-                            'sku': verified_mode.sku,
-                        }
-                    )
-
         return self._cache_bucket(experiment_name, bucket)
 
     def is_enabled(self, course_key=None):
diff --git a/lms/djangoapps/experiments/utils.py b/lms/djangoapps/experiments/utils.py
index 6252215cf8fb01d5e18b60754734e96e41f755c5..dc5aaa6047e689c0cbc7d8360cc40732f2c68c43 100644
--- a/lms/djangoapps/experiments/utils.py
+++ b/lms/djangoapps/experiments/utils.py
@@ -7,7 +7,7 @@ import logging
 from decimal import Decimal
 
 from django.utils.timezone import now
-from edx_toggles.toggles import LegacyWaffleFlag, LegacyWaffleFlagNamespace
+from edx_toggles.toggles import WaffleFlag
 from opaque_keys import InvalidKeyError
 from opaque_keys.edx.keys import CourseKey
 
@@ -17,7 +17,6 @@ from common.djangoapps.student.models import CourseEnrollment
 from lms.djangoapps.commerce.utils import EcommerceService
 from lms.djangoapps.courseware.access import has_staff_access_to_preview_mode
 from lms.djangoapps.courseware.utils import can_show_verified_upgrade, verified_upgrade_deadline_link
-from lms.djangoapps.experiments.flags import ExperimentWaffleFlag
 from openedx.core.djangoapps.catalog.utils import get_programs
 from openedx.core.djangoapps.django_comment_common.models import Role
 from openedx.core.djangoapps.schedules.models import Schedule
@@ -28,8 +27,6 @@ logger = logging.getLogger(__name__)
 
 
 # TODO: clean up as part of REVEM-199 (START)
-experiments_namespace = LegacyWaffleFlagNamespace(name='experiments')
-
 # .. toggle_name: experiments.add_programs
 # .. toggle_implementation: WaffleFlag
 # .. toggle_default: False
@@ -39,10 +36,9 @@ experiments_namespace = LegacyWaffleFlagNamespace(name='experiments')
 # .. toggle_target_removal_date: None
 # .. toggle_tickets: REVEM-63, REVEM-198
 # .. toggle_warnings: This temporary feature toggle does not have a target removal date.
-PROGRAM_INFO_FLAG = LegacyWaffleFlag(
-    waffle_namespace=experiments_namespace,
-    flag_name='add_programs',
-    module_name=__name__,
+PROGRAM_INFO_FLAG = WaffleFlag(
+    'experiments.add_programs',
+    __name__,
 )
 
 # .. toggle_name: experiments.add_dashboard_info
@@ -54,7 +50,7 @@ PROGRAM_INFO_FLAG = LegacyWaffleFlag(
 # .. toggle_target_removal_date: None
 # .. toggle_tickets: REVEM-118
 # .. toggle_warnings: This temporary feature toggle does not have a target removal date.
-DASHBOARD_INFO_FLAG = LegacyWaffleFlag(experiments_namespace, 'add_dashboard_info', __name__)
+DASHBOARD_INFO_FLAG = WaffleFlag('experiments.add_dashboard_info', __name__)
 # TODO END: clean up as part of REVEM-199 (End)
 
 # TODO: Clean up as part of REV-1205 (START)
@@ -67,27 +63,24 @@ DASHBOARD_INFO_FLAG = LegacyWaffleFlag(experiments_namespace, 'add_dashboard_inf
 # .. toggle_target_removal_date: None
 # .. toggle_tickets: REV-1205
 # .. toggle_warnings: This temporary feature toggle does not have a target removal date.
-UPSELL_TRACKING_FLAG = LegacyWaffleFlag(
-    waffle_namespace=experiments_namespace,
-    flag_name='add_upsell_tracking',
-    module_name=__name__,
+UPSELL_TRACKING_FLAG = WaffleFlag(
+    'experiments.add_upsell_tracking',
+    __name__,
 )
 # TODO END: Clean up as part of REV-1205 (End)
 
-# .. toggle_name: streak_celebration.discount_experiment_AA759
-# .. toggle_implementation: ExperimentWaffleFlag
+# .. toggle_name: streak_celebration.streak_discount_enabled
+# .. toggle_implementation: WaffleFlag
 # .. toggle_default: False
-# .. toggle_description: This experiment flag enables an engagement discount incentive message.
+# .. toggle_description: This flag enables an engagement discount incentive message.
 # .. toggle_warnings: This flag depends on the streak celebration feature being enabled
-# .. toggle_use_cases: temporary
-# .. toggle_creation_date: 2021-05-05
-# .. toggle_target_removal_date: 2021-07-05
-# .. toggle_tickets: https://openedx.atlassian.net/browse/AA-759
-STREAK_DISCOUNT_EXPERIMENT_FLAG = ExperimentWaffleFlag(
-    LegacyWaffleFlagNamespace(name='streak_celebration'),
-    'discount_experiment_AA759',
+# .. toggle_use_cases: opt_out, open_edx
+# .. toggle_creation_date: 2021-08-26
+# .. toggle_target_removal_date: None
+# .. toggle_tickets: https://openedx.atlassian.net/browse/AA-950
+STREAK_DISCOUNT_FLAG = WaffleFlag(
+    'streak_celebration.streak_discount_enabled',
     __name__,
-    use_course_aware_bucketing=False
 )
 
 
diff --git a/openedx/core/djangoapps/courseware_api/tests/pacts/api-courseware-contract.json b/openedx/core/djangoapps/courseware_api/tests/pacts/api-courseware-contract.json
index 8c192931bff5b1afee02b12f2ab6edf26be291a8..733477e0ad52c9ec4b1862b5d392a6f75d757c78 100644
--- a/openedx/core/djangoapps/courseware_api/tests/pacts/api-courseware-contract.json
+++ b/openedx/core/djangoapps/courseware_api/tests/pacts/api-courseware-contract.json
@@ -88,7 +88,7 @@
           "celebrations": {
             "first_section": false,
             "streak_length_to_celebrate": null,
-            "streak_discount_experiment_enabled": false
+            "streak_discount_enabled": false
           },
           "user_has_passing_grade": false,
           "course_exit_page_is_active": false,
@@ -223,7 +223,7 @@
           "$.body.celebrations.irst_section": {
             "match": "type"
           },
-          "$.body.celebrations.streak_discount_experiment_enabled": {
+          "$.body.celebrations.streak_discount_enabled": {
             "match": "type"
           },
           "$.body.user_has_passing_grade": {
diff --git a/openedx/core/djangoapps/courseware_api/tests/test_views.py b/openedx/core/djangoapps/courseware_api/tests/test_views.py
index 64d27106532d5e651dde11a6236edfcc56d61047..d3b463af10ec69cb118ad37c381dbb56b2941b1d 100644
--- a/openedx/core/djangoapps/courseware_api/tests/test_views.py
+++ b/openedx/core/djangoapps/courseware_api/tests/test_views.py
@@ -29,8 +29,7 @@ from lms.djangoapps.courseware.toggles import (
     COURSEWARE_MICROFRONTEND_SPECIAL_EXAMS,
     COURSEWARE_MICROFRONTEND_PROCTORED_EXAMS,
 )
-from lms.djangoapps.experiments.testutils import override_experiment_waffle_flag
-from lms.djangoapps.experiments.utils import STREAK_DISCOUNT_EXPERIMENT_FLAG
+from lms.djangoapps.experiments.utils import STREAK_DISCOUNT_FLAG
 from lms.djangoapps.verify_student.services import IDVerificationService
 from common.djangoapps.student.models import (
     CourseEnrollment, CourseEnrollmentCelebration
@@ -302,12 +301,12 @@ class CourseApiTestViews(BaseCoursewareTests, MasqueradeMixin):
     def test_streak_data_in_response(self):
         """ Test that metadata endpoint returns data for the streak celebration """
         CourseEnrollment.enroll(self.user, self.course.id, 'audit')
-        with override_experiment_waffle_flag(STREAK_DISCOUNT_EXPERIMENT_FLAG, active=True):
+        with override_waffle_flag(STREAK_DISCOUNT_FLAG, active=True):
             with mock.patch('common.djangoapps.student.models.UserCelebration.perform_streak_updates', return_value=3):
                 response = self.client.get(self.url, content_type='application/json')
                 celebrations = response.json()['celebrations']
                 assert celebrations['streak_length_to_celebrate'] == 3
-                assert celebrations['streak_discount_experiment_enabled'] is True
+                assert celebrations['streak_discount_enabled'] is True
 
     @ddt.data(
         (False, False),
diff --git a/openedx/core/djangoapps/courseware_api/utils.py b/openedx/core/djangoapps/courseware_api/utils.py
index 0ecbcf57e61316cb4d821b4de7ff410c452ac163..fcd0ba3e5d39333d936495803945730bf56c3eb6 100644
--- a/openedx/core/djangoapps/courseware_api/utils.py
+++ b/openedx/core/djangoapps/courseware_api/utils.py
@@ -7,9 +7,10 @@ from babel.numbers import get_currency_symbol
 from common.djangoapps.course_modes.models import CourseMode
 from common.djangoapps.student.models import CourseEnrollmentCelebration, UserCelebration
 from lms.djangoapps.courseware.utils import can_show_verified_upgrade, verified_upgrade_deadline_link
-from lms.djangoapps.experiments.utils import STREAK_DISCOUNT_EXPERIMENT_FLAG
+from lms.djangoapps.experiments.utils import STREAK_DISCOUNT_FLAG
 from openedx.features.course_duration_limits.access import get_user_course_expiration_date
-from openedx.features.discounts.applicability import can_show_streak_discount_experiment_coupon
+from openedx.features.discounts.applicability import can_show_streak_discount_coupon
+from common.djangoapps.track import segment
 
 
 def get_celebrations_dict(user, enrollment, course, browser_timezone):
@@ -20,7 +21,7 @@ def get_celebrations_dict(user, enrollment, course, browser_timezone):
         return {
             'first_section': False,
             'streak_length_to_celebrate': None,
-            'streak_discount_experiment_enabled': False,
+            'streak_discount_enabled': False,
         }
 
     streak_length_to_celebrate = UserCelebration.perform_streak_updates(
@@ -29,15 +30,29 @@ def get_celebrations_dict(user, enrollment, course, browser_timezone):
     celebrations = {
         'first_section': CourseEnrollmentCelebration.should_celebrate_first_section(enrollment),
         'streak_length_to_celebrate': streak_length_to_celebrate,
-        'streak_discount_experiment_enabled': False,
+        'streak_discount_enabled': False,
     }
 
-    # We only want to bucket people into the AA-759 experiment if they are going to see the streak celebration
     if streak_length_to_celebrate:
-        # We only want to bucket people into the AA-759 experiment
+        # We only want to offer the streak discount
         # if the course has not ended, is upgradeable and the user is not an enterprise learner
-        if can_show_streak_discount_experiment_coupon(user, course):
-            celebrations['streak_discount_experiment_enabled'] = STREAK_DISCOUNT_EXPERIMENT_FLAG.is_enabled(course.id)
+        if can_show_streak_discount_coupon(user, course):
+            celebrations['streak_discount_enabled'] = STREAK_DISCOUNT_FLAG.is_enabled()
+
+            # Send course streak coupon event
+            course_key = str(course.id)
+            modes_dict = CourseMode.modes_for_course_dict(course_id=course_key, include_expired=False)
+            verified_mode = modes_dict.get('verified', None)
+            if verified_mode:
+                segment.track(
+                    user_id=user.id,
+                    event_name='edx.bi.course.streak_discount_enabled',
+                    properties={
+                        'course_id': str(course_key),
+                        'sku': verified_mode.sku,
+                    }
+                )
+
     return celebrations
 
 
diff --git a/openedx/features/discounts/applicability.py b/openedx/features/discounts/applicability.py
index f9f48908cf86811bc2cec3170c1a571388307fcf..a697e50af29553a87d934f401d5e97fe3c9676e2 100644
--- a/openedx/features/discounts/applicability.py
+++ b/openedx/features/discounts/applicability.py
@@ -83,10 +83,10 @@ def get_discount_expiration_date(user, course):
     return discount_expiration_date
 
 
-def can_show_streak_discount_experiment_coupon(user, course):
+def can_show_streak_discount_coupon(user, course):
     """
     Check whether this combination of user and course
-    can receive the AA-759 experiment discount.
+    can receive the streak discount.
     """
     # Course end date needs to be in the future
     if course.has_ended():