Marinade is a protocol developed on the Solana blockchain, designed to enhance the staking process for SOL token holders. It introduces an automated strategy for staking, allowing users to delegate their tokens to a diverse range of validators. This approach is guided by a delegation strategy established by the Solana Foundation, aiming to bolster the security and decentralization of the network.
One of the standout features of Marinade is its liquid staking solution. Participants in the protocol receive mSOL, a token that represents the staked SOL, maintaining a value closely pegged to SOL itself. This mechanism enables holders to earn yield on their staked assets and participate in the broader Solana DeFi ecosystem, leveraging mSOL for additional yield opportunities.
