4/ super stake sol is one of the best ways to earn even more yield from your mSOL. By leveraging recursive borrow and lending powered by Drift, users can earn upwards of 10% on their mSOL.
In just a week’s time, over 100k $mSOL has been deposited into super stake sol
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What is $mSOL by
@MarinadeFinance
and how you can supercharge your mSOL yields ⚡️
A thread 🧵
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1/ Liquid staking protocols, such as Marinade and Lido, allow users to stake their SOL to get liquid staking tokens to participate in DeFi.
Currently, the largest liquid staking provider on Solana is
@MarinadeFinance
and $mSOL accounting for over 75% of the liquid staking market
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2/ mSOL is a rewards-accruing liquid staking token you receive when you stake SOL on the Marinade protocol.
After each epoch (2-3 days), its value is recalculated based on the staking rewards earned by the Marinade Stake Pool
The APY for staking $SOL on Marinade now is 6.66%
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3/ Liquid Staking on Solana is up 91% year-to-date and Marinade’s stake pool grew by 1 million $SOL in June alone
June was a nice month for $mSOL and for the awareness and adoption of liquid staking on Solana.
Marinade's stake pool grew by over 1 million $SOL!
LST Summer?
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5/ Want to dive deeper into super stake sol?
Read more about super stake sol and how to supercharge your mSOL yield here:
1/ Introducing super stake sol, now live on
@solana
!
Supercharge your staked SOL yield by 3x with one click ⚡️
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