Marinade staked SOL (MSOL)

Liquid Staking

Marinade staked SOL lets you stake your SOL tokens while still keeping them liquid. Instead of locking your SOL, you get mSOL tokens that represent your staked SOL and earn rewards over time.

Decentralized Finance (DeFi)

You can use mSOL tokens in many DeFi applications on the Solana blockchain. This includes using mSOL as collateral, providing liquidity in pools, or farming rewards, all while your original SOL continues to earn staking rewards.

Staking Rewards and Network Security

By staking SOL through Marinade, your tokens help secure and decentralize the Solana network. The protocol automatically delegates your stake to many top validators to optimize rewards.

Trading and Flexibility

mSOL tokens can be traded on various exchanges or swapped back to SOL, giving you flexibility to access your funds or use them in other crypto activities without waiting for unstaking periods.

Benefits

Marinade staked SOL lets you earn staking rewards while keeping your tokens liquid. You can use it in DeFi apps or trade it anytime without waiting for unstaking periods. It helps grow your holdings passively and supports the Solana network’s security.

Drawbacks

The value of Marinade staked SOL can change with SOL’s market price. There may be small fees involved when staking or unstaking. Also, rewards depend on network performance and can vary over time.

Founders

The founders of Marinade staked SOL are not publicly known. The project is supported by the Solana Foundation and was self-funded initially through a Solana X Serum Hackathon grant.

Support and Development

Marinade staked SOL is recognized as the first liquid staking protocol on the Solana blockchain, with backing from the Solana Foundation rather than individual founders being highlighted.

Investors in Marinade staked SOL

• Community and Users: Marinade staked SOL is primarily supported by individual SOL holders who stake their tokens through the platform. In its early months, Marinade received over 1 million SOL from users staking natively.

• Ecosystem Grants: The project is bootstrapped and self-funded with help from ecosystem grants provided by Solana and Serum.

• No Private or VC Investors: Marinade does not have venture capital investors or private funding rounds. It operates without private or public sales.

• Institutional Interest: Marinade Native staking is designed to appeal to institutional investors by offering a staking option without smart contract risk, but these investors participate by staking rather than through direct investment in the project.

• Validators: Marinade stakes SOL across more than 100 validators, selected by an automated algorithm, but these validators are not investors in the project itself.

In summary, Marinade staked SOL is supported by a broad base of SOL holders, ecosystem grants, and institutional stakers, without traditional private or venture capital investors.

Halal Status of Marinade Staked SOL

• Yes, Marinade staked SOL is generally considered halal because it involves staking SOL tokens to earn rewards derived from validator operations on the Solana network, not from interest or lending activities.
• The protocol operates transparently through smart contracts and does not engage in interest-bearing transactions, which aligns with halal investment principles.
• Users receive mSOL tokens representing their staked SOL, which can be used in decentralized finance (DeFi) without involving prohibited financial practices.