Backpack will stake its SOL reserve on the platform, and the proceeds will be fully passed on to the borrower

Blockbeats
08 May

BlockBeats News, May 8th, Backpack CEO Armani Ferrante announced that the platform's SOL reserve is about to be staked, "with the aim of providing all staking rewards to all lenders, and ultimately hoping to provide rewards to all depositors."

Currently, I expect that most platforms monitoring our wallet will incorrectly report our TVL (Total Value Locked) data because they are not tracking the staked amount. Our wallet remains unchanged (although I expect more wallets to be added soon to accommodate the influx of funds). In the coming week, we will update the website and mobile application to prepare for the first distribution batch. Once ready, we will make more announcements."

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