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Backpack vs Pyra

VS

General

Platform
Backpack logo
Pyra logo
Founded
Backpack 2022
Pyra 2024
Headquarters
Backpack Tokyo, Japan
Pyra
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Pyra Worldwide

Fees & Financial

Bonus
Backpack
Pyra 1,000 points and 10% less fees with code: CIR
Token
Backpack
Pyra
Compounding
Backpack Yes
Pyra Yes
Payouts
Backpack
Pyra
Fees
Backpack
Pyra None
Lockup
Backpack
Pyra None
Maker Fee
Backpack 0.08
Pyra
Taker Fee
Backpack 0.1
Pyra

Cryptocurrency Rates

BTC Rate
Backpack 0.03%
Pyra
BTC Max
Backpack
Pyra
ETH Rate
Backpack 0.04%
Pyra
ETH Max
Backpack
Pyra
Stablecoin Rate
Backpack
Pyra 5.44%

Pros

No pros listed

Cons

No cons listed

Pros

  • Capital gains/tax efficiency
  • Multiple stablecoins supported

Cons

  • Deposits must be on Solana chain

Earn Interest on Crypto