Skip to content
Submit a form
Submit issue
  • There are no suggestions because the search field is empty.

Ways to utilize mSOL

mSOL tokens already have dozens of use cases in our growing ecosystem. They allow you to access DeFi protocols while enjoying your staking rewards and helping the network. To help you get started, here is a non-exhaustive list of DeFi options where you can use mSOL:

  • Borrowing/Lending - mSOL can be used as collateral or borrowed on multiple platforms.
  • Liquidity provision - You will find many liquidity pools using mSOL in DeFi. They can be divided into two categories:
    • mSOL/SOL pools - These pools are a way to use your mSOL in DeFi while avoiding impermanent loss.
    • mSOL/XXX pools - These pools will be subject to impermanent loss but will allow you to provide liquidity on a large number of pairs.
  • Single-asset staking - It is possible to stake your mSOL to earn MNDE, Marinade's governance token. This is only possible on Marinade.
  • Trade on DEXs - mSOL is available on most decentralized exchanges and can be traded for other crypto tokens. Remember, by trading your mSOL, you also trade your accumulated staking rewards.
  • Trade on CEXs - mSOL is also available to trade on centralized exchanges such as Coinbase, Kraken, or Gate. You can move the mSOL to your crypto wallet from these exchanges and fully utilize it in Solana DeFi.

Liquid staking tokens like mSOL could theoretically replace SOL throughout the Solana DeFi ecosystem. Any protocol currently using SOL could integrate mSOL using Marinade's permissionless SDK. By doing so, the network would become more secure and decentralized and our users would all earn their staking rewards while enjoying DeFi as they currently do.