Where your SOL tokens are held

When you deposit your tokens, Marinade automatically spreads their delegation among the top-performing validators that actively participate to Solana decentralization. You will receive 'marinated SOL' (mSOL) tokens back in your wallet. mSOL can be unstaked to receive your SOL tokens back, plus rewards. mSOL increases in value every epoch relative to SOL.

If you use Marinade Native, your SOL tokens are in your wallet, in stake accounts, accumulating rewards.