February 4, 2023

Solana Liquid Staking Tool Marinade Looks to Bolster Its Token Value With Staked SOL Capture

If all goes to plan, this “Open Door” could boost Marinade’s TVL sevenfold, Marinade developers told CoinDesk. They want to drive more users into Marinade’s mSOL token, the so-called “liquid staking derivative” token that accesses the value of depositors’ locked away SOL tokens while they generate yield from securing the Solana network.

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