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Marinade fee structure

A clear breakdown of deposit, unstake, and performance fees across Marinade products, including governance control and current rates

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: 5 basis points (0.05%)
      • 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
      • Applies to: mSOL holders using the “Instant Unstake” function

        • Notes:

          • This is effectively a swap, not a traditional unstake.

          • Price impact may apply based on the size of the swap and available liquidity.

  • Delayed Unstake (1-epoch delay):

    • For Marinade Native & Marinade Select:

      • Fee: 0.0023 SOL (flat fee)

      • Applies to: Marinade Native and Select users opting for delayed unstake

        • Purpose:

          • Covers costs of managing and merging stake accounts.

          • Simplifies the unstaking process for the user by consolidating stake accounts before unstaking.

    • For Marinade Liquid (mSOL):

      • Fee: 0.1%

      • Applies to: mSOL holders unstaking with delayed unstake

        • Purpose:

          • Discourages “toxic flow” behavior, where users try to game staking/unstaking timing.

        • Redistribution:

          • This fee is redistributed to all mSOL holders, rewarding long-term stakers and enhancing protocol sustainability.

Performance Fee

Marinade is moving toward a standardized 9.5% performance fee across all products.
Until that is fully implemented, the fee structure is as follows:
  • Marinade Select:
    • 30 basis points (bps) annually, fixed.
  • Stake Auction Market (SAM):
    • 50% fee on bid flow (the amount validators pay to receive stake).
    • 0% fee on staking rewards.

Fee Governance Overview

  • These fees can be adjusted by the Marinade Council.
  • DAO governance only applies to parameters within SAM, such as validator performance fees.
  • Additional fee structures or updates may be introduced through governance as the protocol evolves.