Compare · head to head

Backpack Exchange vs Frax (sfrxETH)

Asset-by-asset comparison of rates and risk profiles

Short answer

Neither is safer on our checks — Backpack Exchange and Frax (sfrxETH) both pass 3 of five.

On rates, the highest advertised APY is 1.51 % at Backpack Exchange and 2.97 % at Frax (sfrxETH). Base rates only, no promo tiers.

Backpack Exchange C VS

Frax (sfrxETH) C

Backpack Exchange

Safety grade C

5 checks ✓ ✓ ✓ ✗ ✗

USDT 1.51 %

BTC 0.03 %

ETH 0.08 %

Frax (sfrxETH)

Safety grade C

5 checks ✗ ✓ ✓ ✗ ✓

USDT —

BTC —

ETH 2.97 %

Shared coins, side by side

Backpack Exchange wins on 0 assets, Frax (sfrxETH) on 1, with 0 ties

Asset	Backpack Exchange	Frax (sfrxETH)	Winner
ETH	0.08 %	2.97 %	★ Frax (sfrxETH)
USDT	1.51 %	—	★ Backpack Exchange
XPL	1.43 %	—	★ Backpack Exchange
USDC	0.95 %	—	★ Backpack Exchange
SUI	0.83 %	—	★ Backpack Exchange
MON	0.46 %	—	★ Backpack Exchange
APT	0.27 %	—	★ Backpack Exchange
SOL	0.17 %	—	★ Backpack Exchange
DOGE	0.17 %	—	★ Backpack Exchange
SEI	0.12 %	—	★ Backpack Exchange
XRP	0.04 %	—	★ Backpack Exchange
BNB	0.03 %	—	★ Backpack Exchange
BTC	0.03 %	—	★ Backpack Exchange
HYPE	0.03 %	—	★ Backpack Exchange
PAXG	0.01 %	—	★ Backpack Exchange

Safety — check by check

Check	C Backpack Exchange	C Frax (sfrxETH)
Regulation	✓	✗
Proof-of-Reserves	✓	✓
Flexible withdrawal	✓	✓
Insurance Fund	✗	✗
Track record (2+ years incident-free)	✗	✓
Score	3/5 · C	3/5 · C

The five public criteria behind each platform's grade. Each ✓ is one point — more points, safer grade. A highlighted ✓ is where one platform wins the criterion outright.