Backpack Exchange Introduces SOL Lending Feature: 12.24% APY Await

Backpack Exchange has launched a new lending feature for SOL tokens, offering users an impressive 12.24% annual percentage yield (APY). This service, accessible via both the web and mobile platforms, marks Backpack Exchange’s expansion into DeFi capabilities on the Solana blockchain. The feature aims to enhance SOL liquidity and user engagement, potentially attracting more individuals seeking passive income opportunities within the Solana ecosystem.