Deposit Fee
There is no deposit fee for any of the following Marinade staking options:
Marinade Native
Marinade Select
Marinade Liquid
Unstake Fee
Instant Unstake
For Native Staking (not using Marinade Native):
Fee: 10 basis points (0.1%)
Applies to: Native staking operations not using Marinade Native
Notes: This fee applies when users choose to bypass the standard unstaking delay by instantly unstaking their SOL.
For Marinade Liquid (mSOL):
Fee: No protocol fee
Notes: This is effectively a swap, not a traditional unstake. Price impact may apply depending on swap size and available liquidity.
Delayed Unstake (1-epoch delay)
For Marinade Native & Marinade Select:
Fee: 0.0023 SOL (flat fee)
Purpose: Covers the cost of managing and merging stake accounts, simplifying the unstaking process.
For Marinade Liquid (mSOL):
Fee: 0.1%
Purpose: Discourages “toxic flow” behavior (gaming staking/unstaking timing).
Redistribution: This fee is redistributed to all mSOL holders, rewarding long-term stakers and enhancing protocol sustainability.
Performance Fee
Marinade is transitioning toward a standardized 9.5% performance fee across all products. This is the long-term target for protocol sustainability, but not yet fully implemented.
Marinade Select: 30 bps annually (fixed). This fee will remain unchanged, even once the 9.5% model is fully in place.
Stake Auction Market (SAM):
75% fee on bid flow (validators pay to receive stake).
0% fee on staking rewards.
Revenue Sharing & Transparency
50/50 Revenue Split: Protocol revenue is split evenly:
50% → DAO Treasury
50% → MNDE Buybacks
Buyback Wallet: Jupiter Portfolio
Revenue Transparency: