Kamino Learn(@kamino_learn):When a Backpack stock pays a dividend, your balance increases automatically @BackpackOnchain reinvests each dividend into more of the stock by raising a multiplier on the token - The multiplier is built into Token-2022, so supporting wallets show your balance times it - Kamino Swap and Lend both read it, and every reinvested share counts as collateral in the new Backpack Market curated by @AllezLabs This means you can borrow USDC against a Backpack stock and keep receiving its dividends, automatically as extra shares in your collateral balance without having to manually reinvest.

2026.10.29 14:47

When a Backpack stock pays a dividend, your balance increases automatically @BackpackOnchain reinvests each dividend into more of the stock by raising a multiplier on the token - The multiplier is built into Token-2022, so supporting wallets show your balance times it - Kamino Swap and Lend both read it, and every reinvested share counts as collateral in the new Backpack Market curated by @AllezLabs This means you can borrow USDC against a Backpack stock and keep receiving its dividends, automatically as extra shares in your collateral balance without having to manually reinvest.