The mSOL tokens represent your staked SOL tokens in Marinade's stake pool.
They act as a receipt, allowing you to exchange them later on for your staked SOL and the earned rewards. Meanwhile, you can use mSOL in DeFi while the token's price accrues in value vs. the price of your SOL.
mSOL is a rewards-accruing liquid staking token. This means that after each Solana epoch (2-3 days), its value is recalculated based on the staking rewards earned by the Marinade Stake Pool.
The supply of this token is controlled by Marinade using burning and minting operations in accordance with the overall state of the program.
This token constantly increases in price after each epoch, as long as there are staking rewards distributed. The rewards are accumulated on total_staked.
Price of mSOL =
total_staked / tokens_mintedmSOL token address:
mSoLzYCxHdYgdzU16g5QSh3i5K3z3KZK7ytfqcJm7SomSOL stats: https://stats.marinade.finance/