Marinade Staked SOL (MSOL) represents Solana (SOL) staked on the Marinade Finance platform, allowing users to earn staking rewards while maintaining liquidity through a tokenized asset.
Marinade.finance represents a pioneering initiative within the Solana blockchain ecosystem, specifically designed as the first Liquid staking protocol. Supported by the Solana Foundation, Marinade allows users to stake their SOL tokens efficiently. Through automatic staking strategies, SOL tokens are delegated to validators on behalf of users. In return, users receive "staked SOL" tokens, denoted as mSOL. These tokens are fungible and can be freely utilized within the decentralized finance (DeFi) space or easily swapped back to the original SOL tokens whenever users wish to unstake them.
This approach introduces liquidity to staked SOL tokens, enabling users to participate actively in DeFi applications without sacrificing the benefits of staking. By integrating automatic strategies for staking and delegation, Marinade enhances accessibility and flexibility for SOL token holders, ensuring they can engage seamlessly in both staking and DeFi activities within the Solana network. The protocol's collaboration with the Solana Foundation underscores its commitment to robust infrastructure and innovation within the blockchain ecosystem, aiming to optimize the utility and usability of staked assets for its community of users.