SOL via Marinade
Liquid SOL staking via Marinade
| Yield ID | solana-sol-marinade-staking |
|---|---|
| Network | Solana |
| Deposit Token | Solana (SOL) |
| Reward Token | Marinade Staked SOL (mSOL) |
| Unbonding Period | ~3 days (instant exit available) |
| Minimum Requirement | N/A |
About
Our Marinade integration allows users to stake SOL and receive mSOL, the liquid staking token issued by Marinade. mSOL represents staked SOL plus its accrued staking rewards: as rewards accumulate, the mSOL : SOL exchange rate increases over time, so there is no need to claim rewards manually — the value of mSOL inherently captures the yield. Meanwhile, mSOL remains liquid and can be used across Solana DeFi while the underlying SOL keeps earning staking rewards.
The interaction flow:
- Stake SOL: Users deposit SOL into the Marinade protocol.
- Receive mSOL: Users receive mSOL at the current exchange rate, representing their staked position.
- Rewards Accrue: mSOL appreciates relative to SOL as staking rewards accumulate.
- Unstake: Users can either unstake instantly through Marinade's liquidity pool, or initiate a delayed unstake and claim their SOL once the unbonding period has passed.
Exit Options
Delayed Unstake
The default exit path. Initiating an unstake creates a claim ticket and the position appears as an unstaking balance. Once the unbonding period (~3 days) has passed, the balance moves to unstaked and can be withdrawn.
Instant Unstake
By passing useInstantExecution: true when creating the exit action, users can swap mSOL back to SOL immediately through mSOL/SOL Jupiter liquidity pool, skipping the unbonding period. A liquidity fee applies and is set dynamically by based on available pool liquidity (typically ~0.3%, higher under thin liquidity).
Pending Actions
Withdraw
After the unbonding period has passed, users will need to use the WITHDRAW pending action from their unstaked balance to make it available again. You can track both this unbonding progress as well as the balance available to be withdrawn via our /stake/balances endpoint.
Considerations
- Exchange Rate. mSOL is minted at the current mSOL : SOL exchange rate, not 1:1. The rate increases over time as staking rewards accrue, so the mSOL amount received at deposit will be less than the SOL deposited, and the SOL received at withdraw will be more than the mSOL burned.
- Instant vs. Delayed Exit. Instant exit is convenient but the received amount is slightly less than via the delayed exit due to the liquidity fee. Delayed exit has no fee but locks the user out of their SOL for ~3 days.