mSOL is a liquid staking token that you receive when you stake SOL on the Marinade protocol. These mSOL tokens represent your staked SOL tokens in Marinade's stake pool and can be used across Solana DeFi and NFTs.
mSOL acts as a receipt, enabling you to exchange them later on for your staked SOL plus the earned staking rewards. Meanwhile, you can use mSOL in DeFi while the token's price accrues in value vs. the price of your SOL.
The Marinade stake pool delegation strategy is designed to support network performance and decentralization by supporting hundreds of high-performing validators who meet the criteria. A percentage of the stake pool is reserved for MNDE holders to vote for validators to receive SOL stake directly using the DAO’s validator gauges.
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Explore apps and services using mSOL:
<aside> ⚠️ This is a LIVE document, continuously updated by the protocol teams, communities and ‣ contributors. Note that the information in this Notion board might be outdated or wrong. The contributors are not liable for any incorrect or incomplete information within this Notion board.
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