Backpack starts the staking SOL reserve process, and the earnings will be distributed to lending users.

ForesightNews · 2025-05-08T07:04:52+00:00

The founder of Backpack stated that the staking SOL reserve process has been initiated, with plans to distribute staking rewards to users, and to expand to deposit users in the future. The monitoring platform may have made errors due to not tracking the number of stakes, but the wallet address remains. The website and application will be updated in the coming week, with the first batch of reward distribution on the way.

ForesightNews

2025-05-08 07:04:52

Abstract generation in progress

Foresight News reports that Backpack founder Armani Ferrante tweeted that they have initiated the process of staking SOL reserves, with the initial goal of distributing all staking rewards to lending users, and plans to expand to all deposit users in the future. Currently, the monitoring platform may incorrectly report TVL data due to not tracking the staking amount, but the wallet address remains unchanged, and new wallets are expected to be added to accommodate inflows. In the coming week, Backpack will update its website and mobile application in preparation for the first batch of reward distributions, with more details to be announced later.

SOL-2,53%

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