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Home Crypto DeFi Interest Rates

List of DeFi Crypto Interest Rates and Yields
September 2022

Our full list of cryptocurrency DeFi interest rates shows the best platform to stake your crypto with in order to maximise your yield. We show the highest base level interest rate for each coin. This is the best instant access interest rate that requires no investment in the DeFi platform's own token. Higher yields are available if you are willing to deposit your funds for a fixed term such as 30 days or longer. You can further increase your crypto earnings on some DeFi platforms by purchasing some of the platform's own token or by having your interest paid in their token. The rate shown is the base rate for the platform. Many DeFi platforms have tiered interest rates, with the rate reducing for deposits above a certain value. You can explore the range of available rates on our crypto savings accounts page.

Symbol Coin Name Price 7 Day Chart Best Savings Rate
Bitcoin logo BTC
Bitcoin
$20,120.56
7.3% arrow up 24 Hr
Buy
Go
5.3%
APY
Ethereum logo ETH
Ethereum
$1,382.83
7.2% arrow up 24 Hr
Buy
Go
5.5%
APR
Tether logo USDT
Tether
$1.00
0.1% arrow up 24 Hr
Buy
Go
10.3%
APY
USD Coin logo USDC
USD Coin
$1.00
0.1% arrow up 24 Hr
Buy
Go
10.3%
APY
BNB logo BNB
BNB
$325.09
4.5% arrow up 24 Hr
Buy
Go
7.2%
APY
XRP logo XRP
XRP
$0.48
2.1% arrow up 24 Hr
Buy
Go
5.2%
APY
Binance USD logo BUSD
Binance USD
$1.00
-0% arrow down 24 Hr
Buy
Go
10.3%
APY
Cardano logo ADA
Cardano
$0.46
4.5% arrow up 24 Hr
Buy
Go
10%
APY
SOL
Solana
$34.43
7.4% arrow up 24 Hr
Buy
Go
8%
APR
DOGE
Dogecoin
$0.06
3.5% arrow up 24 Hr
Buy
Go
3%
APR
DOT
Polkadot
$6.71
8.4% arrow up 24 Hr
Buy
Go
15%
APY
DAI
Dai
$1.00
0.1% arrow up 24 Hr
Buy
Go
10.3%
APY
MATIC
Polygon
$0.77
5.8% arrow up 24 Hr
Buy
Go
10%
APR
SHIB
Shiba Inu
$0.000011
3.9% arrow up 24 Hr
Buy
Go
0.5%
APY
TRX
TRON
$0.06
2.2% arrow up 24 Hr
Buy
Go
9%
APR
AVAX
Avalanche
$18.03
5.5% arrow up 24 Hr
Buy
Go
9.5%
APR
WBTC
Wrapped Bitcoin
$20,160.38
7.4% arrow up 24 Hr
Buy
Go
5.2%
APY
UNI
Uniswap
$6.55
17.8% arrow up 24 Hr
Buy
Go
7%
APR
LEO
UNUS SED LEO
$4.36
6.3% arrow up 24 Hr
Buy
ATOM
Cosmos
$14.30
3.9% arrow up 24 Hr
Buy
Go
7.5%
APR
LINK
Chainlink
$8.23
8.8% arrow up 24 Hr
Buy
Go
5.2%
APY
ETC
Ethereum Classic
$28.98
3.9% arrow up 24 Hr
Buy
Go
5%
APY
LTC
Litecoin
$54.58
5% arrow up 24 Hr
Buy
Go
5.5%
APR
FTT
FTX Token
$29.48
6.4% arrow up 24 Hr
Buy
Go
4%
APR
CRO
Cronos
$0.12
4.2% arrow up 24 Hr
Buy
Go
2%
APR
NEAR
NEAR Protocol
$3.77
4.8% arrow up 24 Hr
Buy
Go
7%
APR
XLM
Stellar
$0.12
0.1% arrow up 24 Hr
Buy
Go
5.2%
APY
XMR
Monero
$207.41
7.7% arrow up 24 Hr
Buy
Go
3%
APY
ALGO
Algorand
$0.37
1% arrow up 24 Hr
Buy
Go
4.8%
APR
BCH
Bitcoin Cash
$119.30
5.1% arrow up 24 Hr
Buy
Go
8%
APY
LUNC
Terra Classic
$0.000286
52.1% arrow up 24 Hr
Buy
Go
6%
APY
FLOW
Flow
$1.70
6.3% arrow up 24 Hr
Buy
Go
7.5%
APR
APE
ApeCoin
$5.65
2.4% arrow up 24 Hr
Buy
Go
30%
APR
FIL
Filecoin
$6.02
8% arrow up 24 Hr
Buy
Go
3.5%
APR
VET
VeChain
$0.02
7.3% arrow up 24 Hr
Buy
Go
0.5%
APY
ICP
Internet Computer
$6.30
8.6% arrow up 24 Hr
Buy
Go
0.5%
APY
TON
Toncoin
$1.31
3.8% arrow up 24 Hr
Details
CHZ
Chiliz
$0.26
4.8% arrow up 24 Hr
Buy
Go
3%
APY
QNT
Quant
$122.89
3.7% arrow up 24 Hr
Buy
Go
3%
APY
HBAR
Hedera
$0.06
3.2% arrow up 24 Hr
Buy
Go
0.5%
APY
XTZ
Tezos
$1.52
6.5% arrow up 24 Hr
Buy
Go
4.7%
APR
MANA
Decentraland
$0.72
4.7% arrow up 24 Hr
Buy
Go
3%
APR
SAND
The Sandbox
$0.88
4.9% arrow up 24 Hr
Buy
Go
4.2%
APY
EOS
EOS
$1.21
5.9% arrow up 24 Hr
Buy
Go
5%
APR
THETA
Theta Network
$1.15
6.8% arrow up 24 Hr
Buy
Go
0.4%
APY
EGLD
Elrond
$47.87
4% arrow up 24 Hr
Buy
Go
5.5%
APR
AAVE
Aave
$79.26
8.3% arrow up 24 Hr
Buy
Go
7%
APY
AXS
Axie Infinity
$12.72
4.4% arrow up 24 Hr
Buy
Go
34%
APY
TUSD
TrueUSD
$1.00
-0% arrow down 24 Hr
Buy
Go
10.3%
APY
BSV
Bitcoin SV
$51.59
6.4% arrow up 24 Hr
Buy
Go
4.5%
APR
USDP
Pax Dollar
$1.00
0.1% arrow up 24 Hr
Buy
Go
10.3%
APY
OKB
OKB
$15.70
3.7% arrow up 24 Hr
Details
ZEC
Zcash
$60.67
6.9% arrow up 24 Hr
Buy
Go
0.3%
APY
KCS
KuCoin Token
$9.29
4.4% arrow up 24 Hr
Details
MIOTA
IOTA
$0.32
1.2% arrow up 24 Hr
Buy
Go
2%
APY
XEC
eCash
$0.000051
6.4% arrow up 24 Hr
Buy
Go
1%
APY
BTT
BitTorrent-New
$0.0000008
2.9% arrow up 24 Hr
Buy
Go
1.5%
APR
MKR
Maker
$752.17
11.3% arrow up 24 Hr
Buy
Go
5.2%
APY
USDD
USDD
$1.00
0.1% arrow up 24 Hr
Buy
GRT
The Graph
$0.10
5% arrow up 24 Hr
Buy
Go
5%
APY
HT
Huobi Token
$4.52
3% arrow up 24 Hr
Buy
Go
3%
APR
CAKE
PancakeSwap
$4.83
5% arrow up 24 Hr
Buy
Go
12.1%
APY
USDN
Neutrino USD
$0.92
0.7% arrow up 24 Hr
Buy
KLAY
Klaytn
$0.21
3.5% arrow up 24 Hr
Buy
Go
1%
APY
NEO
Neo
$9.29
16.8% arrow up 24 Hr
Buy
Go
0.4%
APY
HNT
Helium
$4.68
3% arrow up 24 Hr
Buy
Go
1%
APY
FTM
Fantom
$0.23
5.2% arrow up 24 Hr
Buy
Go
10%
APR
SNX
Synthetix
$2.39
5.6% arrow up 24 Hr
Buy
Go
20.9%
APY
RUNE
THORChain
$1.66
6.5% arrow up 24 Hr
Buy
Go
14%
APR
NEXO
Nexo
$1.30
3.2% arrow up 24 Hr
Buy
Go
4%
APR
LDO
Lido DAO
$1.70
8.7% arrow up 24 Hr
Buy
Go
1.8%
APY
PAXG
PAX Gold
$1,618.31
-0.3% arrow down 24 Hr
Buy
Go
5.2%
APY
CRV
Curve DAO Token
$0.95
8.5% arrow up 24 Hr
Buy
Go
9.5%
APY
ENJ
Enjin Coin
$0.48
6% arrow up 24 Hr
Buy
Go
3%
APY
DASH
Dash
$43.31
6.9% arrow up 24 Hr
Buy
Go
5.5%
APR
GT
GateToken
$4.28
1.8% arrow up 24 Hr
Details
COMP
Compound
$63.25
1.6% arrow up 24 Hr
Buy
Go
3%
APY
BAT
Basic Attention Token
$0.31
4.9% arrow up 24 Hr
Buy
Go
3%
APR
RVN
Ravencoin
$0.04
4.7% arrow up 24 Hr
Buy
Go
4.3%
APY
STX
Stacks
$0.34
4.9% arrow up 24 Hr
Buy
Go
1%
APY
WAVES
Waves
$3.99
4.2% arrow up 24 Hr
Buy
Go
2%
APY
ZIL
Zilliqa
$0.03
5.4% arrow up 24 Hr
Buy
Go
5.5%
APR
FEI
Fei USD
$1.00
0.5% arrow up 24 Hr
Buy
Go
1.1%
APY
GMT
STEPN
$0.69
11.7% arrow up 24 Hr
Buy
Go
20%
APR
MINA
Mina
$0.61
6.7% arrow up 24 Hr
Buy
Go
16%
APR
LRC
Loopring
$0.31
6.1% arrow up 24 Hr
Buy
Go
1%
APY
KAVA
Kava
$1.54
6.3% arrow up 24 Hr
Buy
Go
23%
APR
TWT
Trust Wallet Token
$0.69
3% arrow up 24 Hr
Buy
Go
0.5%
APY
BTG
Bitcoin Gold
$23.87
6.4% arrow up 24 Hr
Buy
XDC
XDC Network
$0.03
2.7% arrow up 24 Hr
Buy
1INCH
1inch Network
$0.63
4.7% arrow up 24 Hr
Buy
Go
4%
APR
XEM
NEM
$0.04
5.8% arrow up 24 Hr
Buy
KSM
Kusama
$44.78
7.5% arrow up 24 Hr
Buy
Go
18%
APR
CELO
Celo
$0.82
5.5% arrow up 24 Hr
Buy
Go
2%
APY
DCR
Decred
$25.55
4.2% arrow up 24 Hr
Buy
HOT
Holo
$0.00209
4.2% arrow up 24 Hr
Buy
Go
0.3%
APY
CEL
Celsius
$1.54
5.7% arrow up 24 Hr
Buy
LUNA
Terra
$2.67
19.1% arrow up 24 Hr
Buy
Go
2%
APY
CVX
Convex Finance
$4.98
8.2% arrow up 24 Hr
Buy
Go
3.7%
APY
GNO
Gnosis
$127.50
6.7% arrow up 24 Hr
Buy
Go
3%
APY

What is DeFi?

DeFi is short for Decentralised Finance. It is an all encompassing phrase that refers to the new generation of decentralised currencies, such as Bitcoin, and decentralised finance platforms and associated products.

What Does Decentralised Mean?

Decentralised means that the currency or platform has no central authority that is controlling it. Instead it is controlled by a network of individuals or computers. This provides an inherent level of security as well as resistance to government interference because the network can continue to operate successfully if any (or many) of the nodes in the network become comprised.

Are All Cryptocurrencies Fully Decentralised?

Decentralisation of cryptocurrencies is not absolute, but instead encompasses a range of decentralisation levels. There is much debate in the crypto community about what true decentralisation means.

Some cryptos such as Bitcoin are highly decentralised. They have no active CEO, no headquarters, no controlling company and are operated by a network of thousands of separate computers. These computers check all the transactions that are taking place on the network and record them in a public ledger known as a blockchain.

Many other cryptos are centralised to some extent. Most still run on a public blockchain that is controlled by thousands of independent computers, however the cryptocurrency may still be centralised to some extent as there may be a founding company or individual that has a controlling quantity of the cryptocurrency, or is able to influence the direction the crypto takes or the quantity of currency in circulation.

What is Decentralised Finance?

Many of the products offered in traditional finance on fiat currencies (e.g. US Dollars, Euro etc.) are now being replicated for cryptocurrencies. This includes products such as savings accounts and loans.

The majority of the platforms offering these types of products are centralised in the sense that they are traditional companies with a physical office, management team, investors etc. However they would still be considered DeFi platforms as they are operating with decentralised currencies.

Some platforms are fully decentralised and these can be known as Decentralised Autonomous Organisations (DAOs).

Whilst the centralised nature of most platforms may seem to run against the decentralised ethos of crypto, all of these platforms fully embrace the significant benefits of centralising the underlying currency. As professional, competent organisations they offer the features that you are used to receiving from traditional banks such as customer support and insurance of your funds.

What's the Difference Between DeFi and CeFi?

DeFi refers to Decentralised Finance. CeFi refers to Centralised Finance. Some crypto based platforms prefer to refer to themselves as CeFi platforms as they are a centralised business with a headquarters, CEO and controlling management team.

Whilst the company itself is centralised (CeFi) many of the financial assets that they handle are decentralised (DeFi).

What is Crypto Staking?

Crypto staking is similar to putting your fiat currency (Dollars, Euros etc.) in a traditional savings account. You deposit (stake) your crypto on a DeFi platform and in return you can earn interest (yield) on those funds.

In traditional banks that handle fiat currencies, the moment you deposit your currency into your bank account, you relinquish control of that money to some extent. In fact you have technically granted the bank a loan of your currency and you need to hope the bank will pay it bank when you make a withdrawal.

It is the same with most forms of crypto staking. When you deposit your crypto with the DeFi platform you are effectively granting the platform a loan of your crypto and in return the platform will pay you interest. When you withdraw your crypto from the platform, the platform is effectively repaying your loan.

Is Staking My Crypto to Earn Interest Right For Me?

If you already have some cryptocurrency holdings then you may be thinking about whether to transfer it to a crypto platform and start earning some interest on it.

In deciding whether to invest your crypto holdings you need to weigh up your earnings potential against against any security and safety concerns that you may have.

The earnings potential is certainly substantial, with many platforms offering rates in excess of 5% on the big cryptocurrencies such as Bitcoin and Ethereum. Smaller cryptos, especially gaming tokens can offer rates substantially higher than that.

So, investing your crypto on one of the platforms can earn you a nice slice of passive income, at a rate substantially higher than you would be offered on fiat currency in a high street bank. Holding your crypto on the platform may present other advantages as your funds will be insured on most major platforms, you will benefit from customer service in case any issues arise and you be able to monitor your crypto holdings and earnings via an easy to use app.

The downside of investing your crypto is that in the majority of cases you are relinquishing control of your crypto to the platform. You are in effect granting the platform a loan of your crypto and in return they will pay you interest. When the time comes to withdraw your funds then the platform is effectively repaying the loan. It is exactly the same when you deposit fiat currency such as dollars in a high street bank. You are technically loaning the currency to the bank.

It's therefore important to research the platform carefully and make sure you are confident that they will look after your funds carefully.

Points worth considering include:

Here at Definda we have done a lot of this research for you. Just go to one of our platform pages for an in depth look, as well links to further resources where you can research the platform even more.

Advantages and Disadvantages of Crypto Staking

Advantages

  • Earn passive income on your crypto
  • Your crypto will be insured on most platforms
  • Most platforms offer good customer service to help novices get started
  • You avoid the hassle of managing and securing your crypto in your own cold storage wallet

Disadvantages

  • You relinquish control of your crypto to the platform
  • Most platforms will require you to complete KYC and AML checks (see below)
  • There may be a short delay when making a withdrawl even on instant access accounts
  • There is potential for an authoritarian government to pressurise a platform to freeze funds

How High Are Crypto Interest Rates?

Crypto interest rates vary by cryptocurrency. Some cryptocurrencies can attract interest rates of 30% APY or higher, whilst others may be as low 1% APY. It depends how in demand each currency is and what rate the platform is able to lend out the currency at.

Can I Invest without Buying Any Crypto?

Yes! Some of the crypt platforms offer good interest rates on fiat deposits. Just open an account as you would with any normal bank (except in crypto world this process tends to be very fast streamlined). Then transfer your fiat currency to the platform either by wire transfer or using a debit card. Then follow the platform's instructions for investing this money in a fiat savings account.

If you decide that you want convert some of your fiat currency to a cryptocurrency, most platforms will let you do this directly on the platform without having to use another service.

What are KYC and AML checks?

Most DeFi platforms are regulated or seeking regulatory approval in each of the countries that they operate in. Just like a traditional bank they need to complete a number of checks on each of their customers and the currency that they deposit. These checks include KYC and AML checks.

KYC checks refer to a process known as "Know Your Customer". This is a regulatory requirement in most jurisdictions and requires the DeFi platform to verify the identity of each customer. Identity is normally proved by submitting an ID document such as your passport or driving license and submitting proof of address such as a recent utility bill. Many crypto platforms have partnered with services that fully automate this process and allow it to be completed painlessly in just a few minutes using the camera on your phone.

AML checks refer to "Anti Money Laundering" checks. These checks require the platform to verify the source of funds that are deposited with them. Often this only applies to deposits above a certain amount. The customer support team at the platform may ask you where you got the crypto from or what funds you originally used to buy the crypto. They may ask for documentary proof of the source of these funds such as previous bank statements, pay slips or sales receipts. If you are asked to complete an AML check just remain calm and polite and answer the platform's questions as best you can. Remember, the platform wants to accept your deposit and finds these regulatory checks just as tiresome as you do.

Frequently Asked Questions

AIt is usually referring to a publicly available, visible, and fully decentralized ledger that allows us to safely transfer ownership of units of value utilizing public key encryption and proof of work methods.
AOf course, yes, utilizing an exchange site, cryptocurrencies can be exchanged into cash.
ABitcoin is the most well- known cryptocurrency, and it was for it that blockchain technology was developed. A cryptocurrency, like the US dollar, is a digital means of exchange that uses encryption techniques to manage the creation of monetary units and verify the transfer of funds.
ASupply and demand determine the value of anything. When demand grows faster than supply, the price rises.
AThe crypto market is similar to a stock exchange where digital currencies are traded. The bitcoin market is decentralized, meaning that it is run entirely by a network of computers.
AIt was created in the aftermath of the global financial crisis of 2008 as a method for people to take control of their finances without having to rely on government taxes and rates.
AAlternative cryptocurrencies to Bitcoin are known as altcoins. Almost like bitcoin, most of the main cryptocurrencies have their own ecosystems.
ABasically, a seller sells their currency for cash, and a buyer buys it with the intention of holding it until its dollar value rises.

Cryptocurrency Comparisons

Article by Yunis
1 February 2021 (Updated 27 September 2022)
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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