USDC 
USDT 
Bitcoin 
Ethereum 
Solana 
XRP 
Litecoin 
Dogecoin 
Arch Lending
Arch Lending is a crypto-backed lending platform founded in 2022 and headquartered in New York, NY. It allows users to borrow USD or USDC using digita...
Backpack
Backpack Exchange, is a fully regulated cryptocurrency exchange built by the team behind the Solana-native Backpack Wallet and the Mad Lads NFT collec...
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General
Platform
Arch Lending 
Backpack 
Founded
Arch Lending 2022
Backpack 2022
Headquarters
Arch Lending New York, NY
Backpack Tokyo, Japan
Availability
Arch Lending US
Backpack Worldwide (lending unavailable in US, a few states restricted)
Fees & Financial
Bonus
Arch Lending
Backpack
Token
Arch Lending
Backpack
Compounding
Arch Lending No
Backpack Yes
Payouts
Arch Lending
Backpack
Fees
Arch Lending
Backpack
Lockup
Arch Lending
Backpack Unbonding period applies
Maker Fee
Arch Lending
Backpack 0.08
Taker Fee
Arch Lending
Backpack 0.1
Cryptocurrency Rates
BTC Rate
Arch Lending
Backpack 0.03%
BTC Max
Arch Lending
Backpack
ETH Rate
Arch Lending
Backpack 0.86%
ETH Max
Arch Lending
Backpack
Stablecoin Rate
Arch Lending
Backpack
Arch Lending
Full Review →Unique Pros
- Multi-asset collateral accepted (BTC, ETH, SOL)
- No credit checks required
Key Cons
- Loans only, no earn product
Backpack
Full Review →Unique Pros
- Fully regulated in multiple jurisdictions
- Solana-native with strong ecosystem
Key Cons
- Lending rates are dynamic and can be low
- Newer platform