#solana 🔥Breaking! Backpack has a major move! SOL staking rewards distributed to users, is the TVL drop a signal for easy profit?
Family, the moment to witness history has arrived! Just today (May 8), Armani Ferrante, the founder of the top platform in the Solana ecosystem, Backpack, suddenly tweeted to announce: the platform has officially launched the SOL reserve staking program, with 100% of the initial staking rewards directly distributed to lending users, and in the future, they plan to allow all depositors to share in the benefits! This operation directly shocked the crypto circle, even DeFi data platforms were confused — because the staked assets were not tracked, the TVL monitoring directly 'malfunctioned', scaring the retail investors into thinking the platform was about to run away, only to find that it was hiding incredible benefits!
1. The opportunity to make easy money has arrived! Lending users get to eat first, and depositors will soon be able to drink soup.
- Exclusive benefits for lending users:
Now, any user who has borrowed money from Backpack can earn SOL staking rewards for free! According to the latest data from Nanyang Finance, the annualized staking yield for native Solana is between 6.7% and 8.5%, and validators like Helius with zero commission can even offer higher returns. For example, if you borrowed 1000 SOL, calculated at an 8% annualized rate, you could earn an additional 80 SOL in a year — this is a chance not to be missed!
- Depositors, don't worry, your turn is coming soon:
The official said that this is just the first step, and in the future, they will cover the rewards to all users who save money. This means that in the future you can automatically earn interest just by depositing SOL in Backpack, truly achieving 'earning money even while sleeping'!
2. Is the TVL drop an illusion? In fact, the platform is secretly doing great things!
- Why is third-party data malfunctioning?
When platforms like DeFi Pulse calculate TVL, staked assets are not counted at all. This time, Backpack took a large amount of SOL for staking, causing the TVL to temporarily show anomalies. For instance, DefiLlama currently shows their TVL is only $1.04 million, but the actual staked SOL may be worth tens of millions of dollars! It's like when you deposit money in a bank for a fixed term, your Alipay balance decreases, but your total assets actually increase.
- Smart users operate this way:
Don't be scared by the TVL, just look at the platform's official announcements. Moreover, the total TVL on the Solana chain is now $10.8 billion, with a staking participation rate of 70%-75%, and the overall market is very healthy!
3. Update within a week! A step-by-step guide to receiving money.
- Updating the App is key:
The official statement says that updates for the Web and App will be within a week, so remember to upgrade as soon as possible. Based on historical experience, Backpack's execution during the PYTH airdrop was extremely reliable, so this time it will definitely be stable!
- Account status must be normal:
Lending users remember to maintain their lending status, and depositors should ensure they have SOL in their accounts. Just like the previous PYTH airdrop, as long as you stake 5 SOL and trade, you can receive coins, and this time's operation should be even simpler.
4. Risk warning: Beware of falling pies from the sky, avoid these pitfalls!
- Earnings may shrink:
The current inflation rate of Solana is 4.7%, and if too many people stake (for example, if the participation rate rises to 80%), the yield may drop to 5%-6%. However, compared to other platforms, Backpack's direct distribution of rewards is still advantageous.
- Don't miss the technical updates:
If there are delays in the App update or bugs in distribution, it may affect the arrival of rewards. It is recommended to pay more attention to official Twitter updates and provide feedback in a timely manner.
- Be cautious of TVL misjudgments:
Abnormal third-party data may lead the market to misunderstand the platform's strength, but we know clearly — this is quietly making a fortune!
5. Industry earthquake! This move from Backpack could change the DeFi rules.
- Is the Solana ecosystem about to take off?
The Solana staking market is currently very hot, even whales are frantically accumulating and staking coins. Backpack's move directly ties the interests of users and the platform together, which may attract more projects in the future, creating a positive cycle of 'more users → more staking → higher returns → more users'.
- Other platforms must be in a panic:
Other DeFi platforms are still charging fees, while Backpack directly distributes profits to users, this is simply a dimensionality reduction strike! Perhaps more platforms will follow suit in the future, and the era of 'involution' in DeFi is coming!
Summary: This operation is one of the biggest benefits in DeFi history, lending users can now jump in and make easy money, and depositors shouldn't be anxious, they will soon benefit too. Remember to update the App within a week, keep your account normal, and wait for the money to roll in! At the same time, don't be scared by the TVL anomaly, this is actually a signal that the platform is secretly doing great things. Are you ready for the Solana ecosystem to take off? Hurry up and share this with your retail investor friends to get on board together! 🚀#sol $SOL
