Yield
SEI on Backpack Exchange
Backpack Exchange pays 0.09 % APY on Sei (SEI) as a Flexible rate. On YieldScope Backpack Exchange carries a safety grade of C, scored across five risk criteria. Below: where SEI earns more — and where it earns safer.
OKX Earn B Yield source: Exchange Earn
Where else SEI earns
Backpack Exchange pays 0.09 % on SEI. Here's how other venues compare — by rate and by safety.
| Venue | APY | Terms | Grade |
|---|---|---|---|
| Backpack Exchange (this page) | 0.09 % | Flexible | C |
| OKX Earn | 11.3 % | Flexible | B |
 WhiteBIT | 3.84 % | 🔒 30d lock | B |
 Gate.io Earn | 2.01 % | Flexible | B |
 Bitpanda Staking | 2.0 % | Earn | C |
 Bybit Earn | 1.0 % | Flexible | C |
Backpack Exchange is graded C. If safety matters more than a few extra basis points, Bitget Earn earns SEI at a higher grade (A).
Why Backpack Exchange is graded C
Five binary safety criteria — each one passed or not. The more passed, the safer.
- ✓ Regulation
Holds a VARA (Dubai) VASP Exchange Services license (VL/23/07/001, Oct 2023), a CySEC MiFID II license in Cyprus (inherited when it bought FTX EU), and a FinCEN MSB registration (US). Not Tier-1 (no SEC/FCA), but real binding licenses. Source →
- ✓ Proof-of-Reserves
Since August 2025 publishes a daily zk-SNARK Proof of Reserves (PoRv2, OKX algorithm), covering spot/margin/PnL, independently verified by OtterSec, open source. Source →
- ✓ Flexible withdrawal
Lend positions in borrowLend have no lock — redeem any time. The only limit is throttling when pool utilization nears 100%. Source →
- ✗ Insurance Fund
There is an internal backstop, but its size is undisclosed and unaudited. On Oct 10 2025 it proved insufficient — users' new deposits were auto-applied to cover others' negative balances (loss socialization). Source →
- ✗ Track record (2+ years incident-free)
The exchange has traded publicly since Feb 2024 — young. The team is ex-FTX/Alameda (founder Armani Ferrante). No fund hacks, but a major reputational scandal over auto-deducted deposits on Oct 10 2025. Source →
SEI rate history on Backpack Exchange
Daily snapshots from YieldScope's rate sync. Hover to inspect any day.
How SEI yields moved across exchanges
from 2026-05-25 to 2026-07-17
Source: daily snapshots via exchange APIs
Your money, this pair
How much will you earn?
Method: monthly compounding (1 + APR/12)ⁿ, where APR is the exchange's stated rate. The realized 12-month return is slightly higher due to reinvestment. Rates may change. Not financial advice.
This is not an affiliate link. Price for you doesn't change.
How SEI earns on Backpack Exchange
When you deposit SEI into Backpack Exchange's earn product you receive 0.09 % APY as a Flexible rate. The platform puts the asset to work and shares the yield — your balance grows without you doing anything.
This is a base rate, not a promotional teaser: it's what an ordinary deposit actually earns. Backpack Exchange carries a YieldScope safety grade of C, so weigh the yield against platform risk — a higher rate on a weaker grade is not automatically a better deal.
Rates on SEI move with lending demand and market conditions. We re-check them daily and keep a history, so you can see whether today's number is unusually high, unusually low, or steady.