Marinade Staked SOL (mSOL) is a liquid staking token on Solana representing SOL delegated across more than 450 validators through Marinade's automated strategy. It earns Solana staking rewards that accrue into the token's value and can be unstaked instantly for a fee or unbonded over an epoch. mSOL scores 63/100 (Tier 3) on the RWTS Trust Score: broad validator diversification and an established protocol, balanced against Solana network and smart-contract risk. Its yield is among the highest of the major LSTs, reflecting Solana's higher base staking rate.
- Issuer / protocol
- Marinade Finance
- Backing
- Staked SOL (450+ Solana validators)
- Redemption / lock-up
- None (instant unstake available)
- Audit & proof of reserves
- Independently audited
- Availability
- Global
- Chain
- Solana
- Tier
- Tier 3 — Secured DeFi
- Contract
- mSoLzY….9uo
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
Current yield of 4.88% sits at 13% of the observed range. There may be room for rates to improve.
Projections assume constant APY of 4.88%. Actual returns may vary. Not financial advice.
Long-running Solana liquid stake; broad validator distribution.
Methodology v1.0 · independent rating · published rubric · no issuer payments
Staked SOL distributed across 450+ Solana validators (maximum decentralization in Solana LST category); yield from base staking rewards.
Stake distribution fully visible on-chain (Solana); Marinade public dashboard with per-validator breakdown; on-chain transparency framework.
mSOL-to-SOL via instant unstake (paying small fee) or delayed unstake (next epoch, ~2-3 days). Secondary market liquidity on Solana DEXs. Right 5/8, route 7/7: three or more routes the issuer cannot close.
Multiple smart contract audits (Kudelski, Neodyme, Ackee, others); active bug bounty; mature operational security.
Marinade Foundation (Cayman Islands); Marinade DAO governance via MNDE token; Marinade Select institutional product with separate published terms.
Live since August 2021 (~4 years as of May 2026). No material incidents specific to mSOL across full operating history. Marinade Select institutional product surpassed 1.6M SOL staked.
Beyond mSOL's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: TVL of $232.33M indicates healthy on-chain liquidity. Lock-up: None (instant unstake available).
Is mSOL safe?
mSOL (Marinade Staked SOL) scores 63/100 on the independent RWTS Trust Score, which places it in Secured DeFi (Tier 3). Tier 3 carries real DeFi exposure: the backing is sound but smart-contract and collateral risk are live, so size positions accordingly. Backing: Staked SOL (450+ Solana validators). It is independently audited. The score reflects backing, verification, redeemability, audit, regulatory standing, and track record, not headline yield. We rate. You decide.
Exit routes
12/15 · right 5/8 · routes 7/7If the issuer stopped cooperating tomorrow, could you get out?
Yes, by more than one independent route
- independent
Marinade delayed unstake
Contract-enforced, roughly two epochs, no fee and no operator approval.
- independent
Raydium and Orca
26.7% and 17.8% of volume, 17 pools and $4.2m of standing liquidity.
- independent
Manifest and 8 further venues
11 venues carry volume, largest 32.3%, so no collapse applies.
Route 7, right 5. The same shape as the Ethereum staking tokens: a contract queue rather than an issuer desk, with genuinely plural markets behind it.
This is the redeemability component of the Trust Score above, which stands at 63/100 (C+). Until 1 September 2026 redeemability was a single figure measuring the right to redeem while ignoring how many routes existed to exercise it. Splitting it moved this asset’s score. How the score works
Assessed 2026-09-01. Route independence asks how many ways out the issuer cannot close, not how much the asset trades.