USDC 
USDT 
Bitcoin 
Ethereum 
Solana 
XRP 
Litecoin 
Dogecoin 
Backpack
Earn Rates
Check Yield data below to understand the source of these returns.
Loan Rates
- APR Interest Rate
- Varies
- LTV Loan-to-Value
- Varies
- Assets Collateral
- Many
Trading Fees
- Maker Fee
- 0.08%
- Taker Fee
- 0.1%
Report inaccurate data for Backpack
Rate Alerts
Get notified when Backpack and other rates change. Delivered monthly.
Backpack Calculator
Estimates are based on Backpack current APY. Rates are subject to change.
How Backpack Generates Yield
Yield Mechanics
- Lending
- Internal Lending Business Interest paid by borrowers who provide assets as collateral to take out a loan.
- Staking
-
Proof-of-Stake Rewards
Rewards earned for helping secure the blockchain network and validate transactions.
- Exchange
-
Internal Exchange Business
Yield paid from the platform's operational revenue, including trading fees, market-making spreads, and interest charged to margin traders.
Risk & Custody
- Custody Model
- Custodial / Third Party
- Track Record
- Operational since 2022
Flexibility & Access
- Lockups
- Unbonding period applies
- Access
- Worldwide (lending unavailable in US, a few states restricted)
Yield methods listed are based on best known platform data. Please note that a single platform may utilize different methods depending on the specific asset, product, or jurisdiction. Platforms may also update their yield strategies at any time.
Backpack Review
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 liquidity, low latency, and robust performance, while also maintaining strict compliance with global financial regulations.
Unique Yield Features
- Earn yield while you trade: Use your lent assets as collateral to open and maintain positions.
- Auto realized PNL: Earn PNL and yield without reducing your position.
- A single balance for all products: No need to segregate assets—use them across futures, spot, margin, lending, and borrowing.
- Backpack Exchange does not have an internal MM (Market Maker), so you will not be frontrun compared to other centralized exchanges.
Earning on Backpack Exchange
Backpack Exchange supports lending and staking to offer yield on your holdings.
Backpack Lending
Backpack offers a non-custodial lending protocol with support for:
- SOL, USDC, BTC, ETH, and other high-cap assets.
- Transparent yield generation via overcollateralized loans.
Lending is unavailable in certain regions, like the United States. Find other platforms available in the US.
Backpack Staking
- Available Assets: Backpack offers native staking support for Solana (SOL).
- Rewards: Staking yields are competitive and distributed seamlessly through the wallet interface.
- Validator Choice: Backpack integrates validator selection, allowing users to stake with reputable node operators directly from the app.
Backpack Exchange Fees
The USDT/USDC trading pair is subject to 0% fee.
Backpack FAQ
Is Backpack available in the USA?
Yes, Backpack is available in the USA.
Does Backpack pay compound yield?
Yes, Backpack pays compound yield.
Does Backpack require a lockup period?
Yes, Backpack has a lockup period of Unbonding period applies.
Does Backpack pay interest on Bitcoin?
Yes, Backpack pays 0.03% APY on Bitcoin.
Does Backpack pay interest on Ethereum?
Yes, Backpack pays 0.04% APY on Ethereum.
Does Backpack pay interest on Solana?
Yes, Backpack pays 5.47% APY on Solana (SOL).
What are Backpack's trading fees?
Backpack charges a 0.08% maker fee and 0.1% taker fee.
Does Backpack offer crypto loans?
Yes, Backpack offers crypto loans starting at Varies APR with up to Varies LTV.
When was Backpack founded?
Backpack was founded in 2022.
Where is Backpack headquartered?
Backpack is headquartered in Tokyo, Japan.
Where is Backpack available?
Worldwide (lending unavailable in US, a few states restricted)
