Marinade Finance

What is Marinade Finance

Solana liquid staking platform that lets users earn passive yield on SOL tokens.

What is Marinade Finance?

Launched in 2021, Solana-based Marinade Finance is a liquid staking platform that enables users to earn yield on SOL tokens. Users can stake SOL to secure the Solana network and keep it decentralized, and receive marinated SOL or mSOL in return. Users’ mSOL holdings increase as the underlying SOL collects staking rewards. Marinade users can also use mSOL across the Solana ecosystem and stake them for additional yield or swap them for SOL at any time. The Marinade ecosystem is governed by a DAO using the MNDE token, which can be locked to mint Chef NFTs that are used to vote. As of November 2022, there are over 450 validators on Marinade's network.

Marinade Finance Alternatives:

JPool
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JPool helps users earn rewards by staking SOL and manages stake distribution across validators.

Lido
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Liquid staking platform for earning interest on crypto including ETH, MATIC, and SOL.

Socean
Socean

Solana liquid staking platform that offers users safe access to high yields on staked SOL tokens.