MSOL Marinade Staked SOL $106.58 ▼ 1.56%

Marinade Staked SOL, represented by the ticker MSOL, is a liquid staking token issued on the Solana blockchain. It is issued by Marinade Finance, described as the first liquid staking protocol built on Solana and supported by the Solana Foundation. The token functions as a receipt for SOL that users deposit into the Marinade staking protocol. When users stake SOL through the platform, the protocol automatically delegates those tokens across a network of Solana validators using automated staking strategies. In return, the user receives an equivalent amount of MSOL, which represents their staked position plus the staking rewards that accrue over time. MSOL is designed to remain usable while SOL remains locked in staking. Holders can deploy the token across decentralized finance applications on Solana, or swap it back for SOL at any time to exit their staked position. This dual function places MSOL within the categories of liquid staking tokens and liquid staked SOL, giving it a central role in the Solana DeFi ecosystem by combining yield generation from network validation with on-chain liquidity.