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by: xpoolPosted on: May 8, 2025

Backpack Launches Staking Initiative for SOL Reserves: Benefits & Implications

Cryptocurrency exchange Backpack has introduced a new initiative to revolutionize how it manages its reserves, potentially benefitting both users and the Solana blockchain network. By leveraging its own Solana (SOL) holdings for staking, Backpack aims to generate passive income, enhancing user value in the process. This move also paves the way for greater ecosystem involvement.

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  4. Ethereum Pectra Upgrade Enhances Staking Limits, Boosting Scalability and Efficiency
Backpack DeFi SOL Staking

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