Marinade charges no deposit fee on any product. This page covers every fee across Marinade's products, how each one is calculated, and which costs come from the network or third parties rather than from Marinade.

Deposit Fee

There is no deposit fee on any Marinade product:

Marinade Native: No deposit fee.
Marinade Select: No deposit fee.
Custom Reward Tokens: No deposit fee.
Marinade Liquid (mSOL): No deposit fee.
USDC Earn Vault: No deposit fee.

Unstake Fee

Instant Unstake

Marinade Native, Marinade Select, and Custom Reward Tokens:

Fee: Dynamic, typically between 10 and 40 basis points (0.10% to 0.40%).
Notes: Pricing is set by an open market and depends on how market makers quote it. The quote shown in the app already reflects the full execution price, including any spread.

Marinade Liquid (mSOL):

Fee: No protocol fee.
Notes: This is a swap from mSOL to SOL, not a traditional unstake. Price impact may apply depending on size and available liquidity.

Delayed Unstake (about 1 epoch, roughly 2 days)

Marinade Native, Marinade Select, Custom Reward Tokens, and Marinade Liquid (mSOL):

Fee: 0.2% (20 basis points). A minimum fee of 0.003 SOL applies to Native, Select, and Custom Reward Tokens positions.
Notes: SOL becomes claimable after about 1 epoch. This shifts protocol revenue toward exit-based fees instead of continuously charging staking rewards.

Performance Fee

Marinade takes no performance fee from stakers on any SOL staking product: Marinade Native, Marinade Select, Custom Reward Tokens, and Marinade Liquid.

Marinade targets the Solana Staking Index (SSI) APY for stakers. Yield generated above that target is protocol revenue. Because the share depends on yield above the target, the protocol's take is variable rather than a fixed percentage of rewards.

Protocol revenue is paid on the validator side, and how it is collected varies by product:

Marinade Native and Marinade Liquid (mSOL): Validators bid for stake allocation through the Stake Auction Market (SAM).
Marinade Select: Validators pay protocol fees through a bilateral agreement booked against the Select bond: 20 bps to Marinade plus up to 10 bps to the validator, on TVL annually.
Custom Reward Tokens: A single Marinade-run validator handles delegation. Rewards are converted and delivered to the wallet in the chosen reward token.

For Marinade Native, this validator-side path is the only one structurally possible. Stakers keep custody of their stake accounts, so a protocol cut on staker yield could not be taken even if Marinade wanted to.

USDC Earn Vault:

Fee: 5% performance fee on the net interest earned. This is already reflected in the net APY shown in the app.
Notes: No deposit or withdrawal fee. Withdrawals are instant.

Other Costs to Keep in Mind

Some costs apply when using Marinade but are set by the network or by third parties, not by Marinade:

Solana network fees: Standard per-transaction fees paid to the Solana network. For Marinade Native, Marinade covers the rebalancing fees each epoch.
Market liquidity spreads: On instant unstakes, any market-maker spread or price impact is a market cost, not a Marinade fee. The full execution price is shown before the action is confirmed.
Third-party fees: DEX, wallet, or exchange fees can apply when routing through other venues. These are independent of Marinade.

Revenue Sharing and Transparency

Revenue Allocation

Protocol revenue is allocated by the Marinade DAO in accordance with approved governance proposals.

Following MIP-17, the DAO shifted focus away from automatic MNDE buybacks and toward supporting protocol liquidity, stability, and long-term growth. Revenue may be used for: