Marinade staked SOL (MSOL) price, chart, coin profile and news

Find the latest Marinade staked SOL (MSOL) price, coin profile, news and history to get you started with Marinade staked SOL trading and investing.

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What is Marinade staked SOL?

mSOL is a liquidity provider token associated with the Marinade Finance protocol, a decentralised finance (DeFi) application built on the Solana blockchain. Marinade Finance was developed as a staking protocol to give SOL token holders the ability to earn staking rewards from the Solana blockchain while maintaining the liquidity of SOL coins.

According to the project’s whitepaper, the Marinade protocol functions as a decentralised autonomous organisation (DAO) that is designed to help bolster Solana’s censorship-resistant framework even further, primarily via the use of modules such as liquid staking. To stake within Solana, SOL coins usually need to be locked for a set period. With Marinade Finance, you can deposit SOL tokens into the protocol and receive mSOL tokens in return. The deposited SOL tokens then earn rewards from the Solana blockchain and the mSOL tokens can be used within other DeFi applications – amplifying your liquidity. In addition to creating extra liquidity, Marinade delegates staked SOL using a permissionless algorithmic delegation ecosystem that consists of over 400 validators. This helps to further decentralise the Solana blockchain. Eventually, when it comes to unstaking, mSOL tokens are used to represent the total number of staked SOL tokens originally deposited within the Marinade Finance protocol.

Marinade staked SOL (MSOL) is the 155th largest cryptocurrency in the world by market cap, valued at $267,221,875. The current price of Marinade staked SOL is $61.88, which is -2.025% lower than yesterday. Prices have ranged between $63.168 and $59.43 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 28, 2022 02:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Marinade staked SOL (MSOL) price

Use our graph to track the performance of (MSOL) over time.

Marinade staked SOL at a glance

Information last updated May 28, 2022 02:05 UTC.
Coin symbol MSOL
Coin Marketcap AUD$267,221,875
Total MSOL supply 6,010,383
Circulating MSOL 6,010,383
Current price AUD$61.88
All time high AUD$5.88

Marinade staked SOL price performance over time

Historical prices compared with the price of $61.88.

1 hour -0.16%
24 hours -2.03%
7 days -14.89%
14 days -12.95%
30 days -56.93%
60 days -59.99%
200 days -82.44%
1 year N/A

Disclaimer: Cryptocurrencies, including Marinade staked SOL, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MSOL is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Marinade staked SOL or any other cryptocurrency discussed.

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