Phemex

Bake vs Ledn

Bake Logo

Bake

Bake is a blended staking, lending and yield platform that makes it easy to start experimenting with DeFi products within a centralized platform. Bake does support Dogecoin, as part of a liquidity mining pool. Bake Platform Assets Lending

Ledn Logo

Ledn

Ledn pays interest for crypto on its Growth Accounts for BTC, ETH, USDC and USDT.

Platform
Bake Platform
Ledn Platform
Website
Bonus
$30 after $50 deposit
Token
DFI
Founded
2019
2018
Headquarters
Singapore
Ontario, Wyoming
Availability
Non-us
Worldwide, excluding US and Canada

Cryptocurrency Rates

BTC Rate
2.5%
2.25%
BTC Max
5%
ETH Rate
2.5%
3.5%
ETH Max
5%
LTC Rate
LTC Max
DOGE Rate
DOGE Max
Stablecoin Rate
6.5%
9.5%
Stablecoin Max

Fees & Financial

Compounding
Yes
No
Payouts
Weekly
Monthly
Fees
Yes
Yes
Lockup
None
None
Maker Fee
Taker Fee
Bake Logo

Bake Pros

    • Broad array of defi-like products and yield opportunities
    • Fully owned by both co-founders

Bake Cons

    • Products are more complex or require more lockup time than other platforms
Ledn Logo

Ledn Pros

    • No minimum
    • No lockup terms

Ledn Cons

    • Tiered interest rates

Earn Interest on Crypto

Bitcoin logo BTC Bitcoin Ethereum logo ETH Ethereum Solana logo SOL Solana Ripple logo XRP Ripple Litecoin logo LTC Litecoin Dogecoin logo DOGE Dogecoin Circle logo USDC Circle Tether logo USDT Tether