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Backpack vs Bake

Backpack Logo

Backpack

Backpack Exchange, is a fully regulated cryptocurrency exchange built by the team behind the Solana-native Backpack Wallet and the Mad Lads NFT collection. Backpack Exchange is licensed and regulated in multiple jurisdictions. It offers deep liqui...

Bake Logo

Bake

Bake is a blended staking, lending and yield platform that makes it easy to start experimenting with DeFi products within a centralized platform. Bake does support Dogecoin, as part of a liquidity mining pool. Bake Platform Assets Lending

Platform
Backpack Platform
Bake Platform
Website
Bonus
$30 after $50 deposit
Token
DFI
Founded
2022
2019
Headquarters
Tokyo, Japan
Singapore
Availability
Worldwide (lending unavailable in US, a few states restricted)
Non-us

Cryptocurrency Rates

BTC Rate
0.03%
BTC Max
ETH Rate
0.04%
ETH Max
LTC Rate
LTC Max
DOGE Rate
DOGE Max
Stablecoin Rate
6.75%
Stablecoin Max

Fees & Financial

Compounding
Yes
Yes
Payouts
Weekly
Fees
Yes
Lockup
None
Maker Fee
0.08
Taker Fee
0.1
Backpack Logo

Backpack Pros

No pros listed

Backpack Cons

No cons listed

Bake Logo

Bake Pros

    • Broad array of defi-like products and yield opportunities
    • Fully owned by both co-founders

Bake Cons

    • Products are more complex or require more lockup time than other platforms

Earn Interest on Crypto

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