CIR animation

We compare crypto platforms and may earn a commission at no extra cost to you. Learn more

Coin Interest RateCoin Interest Rate
Email Alerts

AscendEX vs Backpack

Compare rates, fees, access, and key features side by side.

AscendEX

AscendEX

AscendEX combines exchange-managed staking with other Earn offers. Its clearest advantage is Instant Unbonding, which can return supported staked asse...

Score3.8
Visit SiteReview
VS
Backpack

Backpack

Backpack offers exchange-based lending and Solana earning products with terms that depend on the asset. Its strongest feature is Auto-Lend, which can ...

Score3.9
Visit SiteReview

General

Platform
AscendEXlogo
Backpacklogo
Founded
AscendEX2018
Backpack2022
Headquarters
AscendEXSingapore
BackpackTokyo, Japan
Availability
AscendEXWorldwide, excluding US
BackpackWorldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
AscendEXInvite code: UD4DBENEU
Backpack
Token
AscendEXASD
Backpack
Compounding
AscendEXYes
BackpackYes
Payouts
AscendEXDaily
Backpack
Fees
AscendEXVaries
Backpack
Lockup
AscendEXNone
BackpackUnbonding period applies
Maker Fee
AscendEX0.1
Backpack0.08
Taker Fee
AscendEX0.1
Backpack0.1

Cryptocurrency Rates

BTC Rate
AscendEX
Backpack0.01%
BTC Max
AscendEX
Backpack
ETH Rate
AscendEX
Backpack0.14%
ETH Max
AscendEX
Backpack
Stablecoin Rate
AscendEX10.52%
Backpack

AscendEX

Review

Pros

  • Supports exchange-managed staking for several proof-of-stake assets.
  • Instant Unbonding can shorten the wait for supported assets.
  • Some staked balances can remain usable as margin collateral.

Cons

  • Instant Unbonding fees vary by asset and can materially reduce the return.
  • Regular unstaking can leave assets unavailable while rewards have stopped.
  • AscendEX is not available to U.S. customers.

Backpack

Review

Pros

  • Auto-Lend can allocate supported idle balances without repeated manual subscriptions.
  • SOL returns can include validator, block, and Jito MEV rewards.
  • A balance threshold can keep part of an eligible asset outside Auto-Lend.

Cons

  • Exchange lending is unavailable to U.S. customers and may have other regional limits.
  • Lending rates change with pool demand and are not guaranteed.
  • Backpack USD is an internal unit that cannot be withdrawn directly.