Backpack, a prominent cryptocurrency exchange within the Solana ecosystem, has officially initiated SOL reserve staking. This move aims to bolster user benefits and platform sustainability. According to Armani Ferrante, CEO of Backpack, the exchange has commenced staking SOL reserves to generate revenue. Initially, all staking rewards will be allocated to lenders on the platform. Future plans involve expanding this benefit to all users who participate in staking. Ferrante acknowledged that the current Total Value Locked (TVL) might not accurately represent the full staking quantity, as the platform is still developing tracking mechanisms. To accommodate anticipated future inflows, Backpack intends to create additional wallets specifically for staking purposes. This proactive approach demonstrates Backpack's commitment to scaling its staking program and providing greater opportunities for its user base to earn passive income within the Solana DeFi space. ```