Marinade Staked SOL

Marinade Staked SOL (mSOL) is a liquid staking token on the Solana blockchain, issued by the Marinade Finance protocol. When users stake their SOL tokens with Marinade, they receive mSOL tokens in return. These mSOL tokens represent the staked SOL and accrue staking rewards over time. Unlike traditional staking, mSOL provides liquidity, allowing users to trade, transfer, or utilize their staked assets in various decentralized finance (DeFi) applications while still earning staking rewards.​

mSOL serves multiple purposes within the Solana ecosystem:​

• DeFi Participation: Users can use mSOL in various DeFi protocols for lending, borrowing, or providing liquidity, thereby maximizing the utility of their staked assets.
• Trading: mSOL can be traded on supported exchanges, providing flexibility and liquidity.​
• Earning Rewards: By holding mSOL, users continue to earn staking rewards, as its value appreciates relative to SOL over time.​
• Collateral: mSOL can be used as collateral in various DeFi applications, enhancing capital efficiency.​