Coinbase

EarnPark vs Backpack

VS

General

Platform
EarnPark logo
Backpack logo
Founded
EarnPark 2017
Backpack 2022
Headquarters
EarnPark UK
Backpack Tokyo, Japan
Availability
EarnPark Worldwide (services limited in the US)
Backpack Worldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
EarnPark
Backpack
Token
EarnPark
Backpack
Compounding
EarnPark Yes
Backpack Yes
Payouts
EarnPark Daily
Backpack
Fees
EarnPark Yes (network fees)
Backpack
Lockup
EarnPark None
Backpack
Maker Fee
EarnPark
Backpack 0.08
Taker Fee
EarnPark
Backpack 0.1

Cryptocurrency Rates

BTC Rate
EarnPark 7%
Backpack 0.03%
BTC Max
EarnPark
Backpack
ETH Rate
EarnPark 7%
Backpack 0.04%
ETH Max
EarnPark
Backpack
Stablecoin Rate
EarnPark 7%
Backpack

Pros

  • Good interest rates
  • Wide amount of supported assets

Cons

  • Rates will fluctuate
  • Multiple yield strategies are confusing and earn differently
  • Funds may be hard capped

Pros

No pros listed

Cons

No cons listed


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