mSOL (Marinade Staked SOL)
A liquid staking token on Solana issued by Marinade Finance, representing staked SOL that accrues staking rewards while remaining tradeable in DeFi.
mSOL (Marinade Staked SOL) — mSOL (Marinade Staked SOL) is a liquid staking token on Solana issued by Marinade Finance that represents SOL staked across a diversified set of validators. mSOL accrues staking rewards automatically while remaining freely tradeable and usable as collateral in DeFi protocols.
What Is mSOL?
mSOL is the liquid staking derivative token created by Marinade Finance, the largest liquid staking protocol on Solana. When users stake SOL through Marinade, they receive mSOL tokens that represent their staked position plus accumulated rewards. The mSOL-to-SOL exchange rate increases over time as staking rewards accrue.
Unlike native staking (which locks SOL for an epoch and removes it from circulation), mSOL holders can trade, lend, or use their staked SOL as LP collateral on platforms like Raydium and Orca — earning both staking rewards and DeFi yields simultaneously.
mSOL in DeFi
mSOL is one of the most widely integrated tokens in Solana DeFi. It can be used as collateral on lending platforms like Solend and Kamino, paired in liquidity pools on Raydium and Orca, and accepted as payment in various Solana applications. The deep liquidity of mSOL trading pairs means it functions as a near-equivalent to SOL with added yield.
For token creators launching on Solana, understanding mSOL is relevant because some traders hold mSOL instead of SOL, and volume bots may route through mSOL pools when they offer better liquidity or pricing for certain token pairs.
Related Terms
Wrapped SOL (wSOL)
An SPL-token version of SOL with a 1:1 peg, required for interacting with certain Solana DeFi protocols that use SPL standards.
Read definition DeFi & AMMStaking
Locking tokens in a protocol or validator to earn rewards, secure a network, or gain governance rights.
Read definitionFrequently Asked Questions
Common questions about mSOL (Marinade Staked SOL) in cryptocurrency and DeFi.
mSOL accrues staking rewards through an increasing exchange rate rather than rebasing. When you stake 100 SOL and receive mSOL, the mSOL-to-SOL rate might be 1:1.05 initially. Over time, as staking rewards accumulate, the rate increases to 1:1.10, 1:1.15, etc. Your mSOL balance stays the same, but each mSOL becomes worth more SOL.
Yes, mSOL can be swapped back to SOL instantly on DEXs like Jupiter or Raydium at the current market rate. Alternatively, you can unstake directly through Marinade, which takes 1-2 epochs (approximately 2-4 days) but guarantees the exact staking rate without slippage.
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