Backpack initiates the stake SOL reserve process, and the earnings will be allocated to lending users.

ForesightNews · 2025-05-08T03:31:02+00:00

The founder of Backpack stated that the staking SOL reserve process has been initiated, and plans to distribute staking earnings to users, with future expansion to deposit users. The monitoring platform may have errors due to not tracking the staking quantity, but the Wallet Address remains. The website and application will be updated in the coming week, and the first batch of earnings distribution is coming soon.

ForesightNews

2025-05-08 03:31:02

Abstract generation in progress

Foresight News reports that Backpack founder Armani Ferrante announced on Twitter that the process for staking SOL reserves has been initiated, with the initial goal of distributing all staking rewards to lending users, with future plans to expand to all deposit users. Currently, the monitoring platform may incorrectly report TVL data due to not tracking the staking amount, but the Wallet Address remains unchanged, and additional wallets are expected to be created to accommodate inflows. In the coming week, Backpack will update its website and mobile application in preparation for the first distribution of rewards, with more details to be announced later.

SOL1,17%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.