Marinade Staked SOL MSOL Price

What is Marinade Staked SOL (MSOL)?

Marinade.Finance, launched in 2021, stands as a pioneering non-custodial liquid staking protocol in the cryptocurrency sphere, particularly within the Solana ecosystem. The platform's main offering is the Marinade Staked SOL (mSOL) token, which represents staked SOL tokens along with accrued staking rewards. mSOL's value is recalculated each epoch, with its price moving in tandem with SOL. The unique feature of mSOL lies in its dual functionality: it not only represents staked SOL but also allows users to engage with decentralized finance (DeFi) protocols, leveraging the Solana network’s capabilities.

At the core of Marinade’s functionality is its automated staking strategies, which provide passive income opportunities to its users. By staking their SOL tokens, users receive mSOL, enabling them to participate actively in DeFi. The longer the SOL tokens are staked, the higher the potential returns, with users having the flexibility to withdraw their staked SOL anytime – instantly with a small fee or after a 1-2 epoch unlock period without any fee. This flexibility, combined with the performance review system that monitors the yield economics, block production, and stake concentration of validators, positions Marinade as a robust and user-friendly platform.

Furthermore, the Marinade ecosystem incorporates the Marinade DAO (Decentralized Autonomous Organization), underpinned by another token, MNDE. This governance token empowers users to participate in decision-making processes concerning protocol development and the Marinade Treasury. The DAO's governance model, executed through on-chain smart contracts, underscores Marinade's commitment to security and transparency. Through this ecosystem, Marinade not only boosts activity on Solana's DeFi protocols but also fosters a community-driven approach to decentralized finance.

What is unique about Marinade Staked SOL (MSOL)?

Marinade Staked SOL (mSOL) is notable for its liquid staking on the Solana blockchain, allowing users to stake SOL tokens, earn rewards, and use mSOL in decentralized finance (DeFi) activities.

Who are the backers/investors of Marinade Staked SOL (MSOL)?

Marinade Finance has not publicly disclosed any investors or fundraising rounds.

Where can I buy Marinade Staked SOL (MSOL)?

You can buy Marinade Staked SOL (MSOL) on Gate.io, Coinbase, Kraken, LATOKENRaydium cryptocurrency exchanges.