USDC 
USDT 
Bitcoin 
Ethereum 
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...
Figure Markets
Figure Markets is a U.S.-based crypto platform focused on earning yield through real-world assets (RWAs) rather than traditional DeFi strategies. The ...
VS
General
Platform
Backpack 
Figure Markets 
Founded
Backpack 2022
Figure Markets 2018
Headquarters
Backpack Tokyo, Japan
Figure Markets San Francisco, CA
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Figure Markets Worldwide
Fees & Financial
Bonus
Backpack
Figure Markets $50 bonus when you deposit $500 within 30 days
Token
Backpack
Figure Markets YLDS
Compounding
Backpack Yes
Figure Markets Yes
Payouts
Backpack
Figure Markets Monthly
Fees
Backpack
Figure Markets
Lockup
Backpack Unbonding period applies
Figure Markets
Maker Fee
Backpack 0.08
Figure Markets
Taker Fee
Backpack 0.1
Figure Markets
Cryptocurrency Rates
BTC Rate
Backpack 0.03%
Figure Markets
BTC Max
Backpack
Figure Markets
ETH Rate
Backpack 0.24%
Figure Markets 1%
ETH Max
Backpack
Figure Markets
Stablecoin Rate
Backpack
Figure Markets 3.85%
Backpack
Review →Pros
- Fully regulated in multiple jurisdictions
- Solana-native with strong ecosystem
Cons
- Lending rates are dynamic and can be low
- Newer platform
Figure Markets
Review →Pros
- First SEC-approved interest-bearing stablecoin (YLDS)
- Regulated and transparent
Cons
- Product is more complicated (i.e. a direct marketplace)
