Marinade Staked SOL company info

What does Marinade Staked SOL do?
Marinade (CRYPTO:MSOL) is a liquid staking protocol on Solana that allows users to stake their SOL tokens and earn yield without sacrificing liquidity. Marinade does this by issuing mSOL tokens, which are pegged to SOL, to users who stake their SOL tokens. mSOL tokens can then be used in other DeFi applications, such as lending and borrowing protocols, without having to unstake SOL. Marinade is a non-custodial protocol, which means that users retain ownership of their SOL tokens at all times. Marinade also uses a variety of security measures to protect users' funds, such as multi-signature wallets and distributed validators. Marinade is dedicated to achieving three key objectives: furnishing a liquid staking solution for SOL tokens, enabling users to earn yields while retaining liquidity; simplifying the process of staking SOL tokens and engaging in the Solana ecosystem; and driving the broader adoption of Solana by streamlining and enhancing the profitability of staking SOL tokens, ultimately making it more accessible and attractive for users. Marinade is a well-designed and well-implemented liquid staking protocol. It offers a number of advantages over other liquid staking protocols, such as its non-custodial nature, its security features, and its ease of use. Marinade is well-positioned to play a major role in the Solana ecosystem by making it easier and more profitable to stake SOL tokens.
Marinade Staked SOL company media
Company Snapshot

How many people does Marinade Staked SOL employ?

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Employees
20+

What is the market cap for Marinade Staked SOL?

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Market Cap
$1.03B

Where is the head office for Marinade Staked SOL?

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Head Office
San Francisco, California

What year was Marinade Staked SOL founded?

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Year Founded
2021
What does Marinade Staked SOL specialise in?
/Liquid Staking Derivatives /Solana Ecosystem

What are the products and/or services of Marinade Staked SOL?

Overview of Marinade Staked SOL offerings
Community-driven: Marinade is a community-driven protocol with a strong and engaged community.
Easy to use: Marinade has a user-friendly interface that makes it easy to stake SOL tokens and earn yield.
Liquid staking: Marinade allows users to stake their SOL tokens and receive mSOL tokens in return. mSOL tokens are pegged to SOL and can be used in other DeFi applications without having to unstake SOL.
Non-custodial: Marinade is a non-custodial protocol, which means that users retain ownership of their SOL tokens at all times.
Secure: Marinade uses a variety of security measures to protect users' funds, such as multi-signature wallets and distributed validators.
Yield earning: Marinade users earn yield on their staked SOL tokens. The yield is generated from Solana staking rewards and from lending mSOL tokens to other DeFi applications.