Marinade Finance is a non-custodial liquid staking protocol built on the Solana blockchain that allows users to stake SOL tokens and receive mSOL, a liquid derivative token, in return. The platform uses an automated staking strategy that delegates users' SOL across 100+ high-performing Solana validators, optimizing staking rewards while promoting network decentralization. Marinade offers both liquid staking (with mSOL) and native staking options, allowing users to earn staking rewards while potentially accessing additional DeFi opportunities with their mSOL tokens.
Users of Marinade Finance can benefit from optimized staking rewards through the platform's automated delegation to high-performing Solana validators, potentially earning higher returns compared to manual staking. By using Marinade's liquid staking option, users receive mSOL tokens, which allow them to maintain liquidity and access additional DeFi opportunities while still earning staking rewards on their underlying SOL. Furthermore, Marinade Finance promotes network decentralization and offers users the chance to participate in DAO governance, contributing to the Solana ecosystem's health while potentially influencing the platform's future development.
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