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Live$0 TVL
USDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00MUSDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00M
bSP

How to Buy Backed Tokenized S&P 500 (bSPY)

Backed FinanceStocks

This guide walks you through buying Backed Tokenized S&P 500 (bSPY), a stocks asset on Backed Finance currently earning 0.00% APY. Follow these 5 steps to start earning yield on your investment.

1

Set Up a Wallet

To invest in bSPY, you need a compatible crypto wallet. We recommend MetaMask or Rabby for browser-based wallets, or Coinbase Wallet for mobile. Make sure your wallet supports one of the following chains: ethereum, polygon, gnosis. Write down your seed phrase and store it securely -- never share it with anyone.

2

Get Stablecoins

bSPY is typically purchased with USDC or USDT. You can buy stablecoins on any major exchange (Coinbase, Kraken, Binance) and send them to your wallet on ethereum. If you already have crypto, you can swap to USDC on a DEX like Uniswap or 1inch.

3

Complete KYC (If Required)

Good news: bSPY on Backed Finance does not require KYC verification. You can invest directly from your wallet without identity verification. Note that regulatory requirements may change, so check the protocol's current requirements before investing.

4

Connect to Protocol

Visit the Backed Finance platform at https://backed.fi and connect your wallet. Make sure you are on the correct network (ethereum). Review the terms and conditions carefully. Check that the URL is correct to avoid phishing sites -- always access the protocol through official links or bookmark the site.

5

Make Your Investment

Select bSPY from the available products and enter the amount you want to invest. Review the current APY (0.00%), any fees, and redemption terms before confirming. Approve the stablecoin spend and confirm the transaction in your wallet. Your yield will start accruing immediately after the transaction confirms.

Ready to invest in bSPY?

Start earning 0.00% APY on Backed Finance today.

Frequently Asked Questions

What is bSPY?

Tokenized S&P 500 ETF (SPY) by Backed Finance. Provides on-chain exposure to the 500 largest U.S. companies, tradeable 24/7.

What APY does bSPY currently offer?

bSPY currently offers 0.00% APY. The 7-day average APY is 0.00% and the 30-day average is 0.00%. Yields can fluctuate based on market conditions.

Is KYC required to buy bSPY?

No, bSPY does not currently require KYC verification. You can invest directly from your wallet.

What chains is bSPY available on?

bSPY is available on ethereum, polygon and gnosis.

View full bSPY analysis

bSPY Overview

Current APY
0.00%
TVL
$120.00M
Min Investment
None
KYC Required
No
Chains
ethereum, polygon, gnosis
Risk Level
medium risk
Audit Status
audited

Quick Links

bSPY AnalysisBacked Finance ProtocolYield ScreenerYield Calculator