What is Marinade

Article Summary, Automatically Generated By AI

Summary

  • Marinade.finance is the first Liquid staking protocol on Solana.
  • Supported by the Solana Foundation.
  • Users stake SOL tokens with Marinade.
  • Marinade uses automatic staking strategies to delegate SOL to validators.
  • Users receive “staked SOL” tokens called mSOL.
  • mSOL can be used in DeFi or swapped back to original SOL tokens to unstake.

Introducing Marinade Staked SOL: A Novel Approach to DeFi Yield Optimization

Marinade.finance pioneers the first Liquid staking protocol on Solana, backed by the Solana Foundation. By staking their SOL tokens with Marinade, users can leverage automatic staking strategies that delegate their SOL to validators, earning “staked SOL” tokens, denoted as mSOL. These tokens can be seamlessly utilized within the DeFi ecosystem or easily swapped back to their original SOL tokens at any time to unstake.

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