About Marinade Staked SOL

mSOL is a token that is part of the Marinade ecosystem. Marinade operates as a decentralized liquid staking protocol that offers passive income opportunities for users. Built on Solana, Marinade allows participants to stake their SOL tokens to benefit from automated staking strategies. The platform encourages activity within the Solana DeFi ecosystem by incentivizing staking, and users receive mSOL tokens in return, which can be used to interact with other DeFi protocols. The Marinade ecosystem also includes the Marinade DAO, where another token, MNDE, is used for governance, protocol development decisions, and managing the Marinade Treasury. To use the platform, users must lock their SOL tokens into smart contracts and receive an equivalent amount of mSOL. As a derivative of SOL, the pri...