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Backpack vs EarnPark

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

Backpack

Backpack

Backpack is an exchange with two distinct ways to earn: lending pools and Solana staking rewards. Its strongest feature is Auto-Lend, which moves elig...

Score3.9
Visit SiteReview
VS
EarnPark

EarnPark

EarnPark is a crypto investment platform founded in 2022 and based in the UK. It pays yield on deposits by running its own automated strategies across...

Score3.8
Visit SiteReview

General

Platform
Backpacklogo
EarnParklogo
Founded
Backpack2022
EarnPark2022
Headquarters
BackpackTokyo, Japan
EarnParkUK
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
EarnParkUnavailable to new users in the US, UK, Canada and other restricted regions; check country eligibility.

Fees & Financial

Bonus
Backpack
EarnPark
Token
Backpack
EarnPark
Compounding
BackpackYes
EarnParkYes
Payouts
Backpack
EarnParkDaily
Fees
Backpack
EarnParkYes (network fees)
Lockup
BackpackUnbonding period applies
EarnParkVaries by strategy: Maker Core withdrawals may require up to 30 days bonding; Liquidity Providing allows withdrawals anytime.
Maker Fee
Backpack0.08
EarnPark
Taker Fee
Backpack0.1
EarnPark

Cryptocurrency Rates

BTC Rate
Backpack0%
EarnPark5%
BTC Max
Backpack
EarnPark
ETH Rate
Backpack0.13%
EarnPark4%
ETH Max
Backpack
EarnPark
Stablecoin Rate
Backpack
EarnPark7%

Backpack

Review

Pros

  • Auto-Lend puts idle balances to work without repeat subscriptions
  • SOL returns can include validator, block and Jito MEV rewards
  • A threshold setting keeps part of a balance out of Auto-Lend

Cons

  • Lending is unavailable to U.S. customers
  • Lending rates float with pool demand and are not guaranteed
  • Backpack USD is an internal unit you cannot withdraw directly

EarnPark

Review

Pros

  • Multiple yield strategies, from liquidity providing to market making
  • Daily payouts across strategies
  • Compound yield on strategy balances

Cons

  • Closed to new users in the US, UK, and Canada
  • Maker Core withdrawals can require up to 30 days bonding
  • Returns vary by strategy, and some strategies are capped