Backpack Staked SOL

bpSOL is a liquid staking token (LST) on the Solana blockchain, representing staked SOL (Solana’s native cryptocurrency) with Backpack’s validator. By staking SOL through Backpack, you receive bpSOL tokens, which automatically accrue staking rewards over time. This allows you to earn yield while keeping your assets liquid, enabling seamless participation in decentralized finance (DeFi) without the wait times of traditional unstaking.