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Backpack has launched the SOL reserve operation and plans to distribute revenues to lending and deposit users
#mansooralrhyb on May 8, Backpack's founder, Armani Ferranti, tweeted that the platform has begun accumulating SOL reserves. In the initial phase, all betting income will be returned to lending users, and it is planned to cover all depositors in the future. Since the pledged assets are not tracked, the TVL monitoring platform may temporarily show distortions. The site and the app are expected to be updated within a week and the first round of the profit distribution mechanism will be launched.