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 60/100 (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 6.86% sits at 81% of the observed range. This is above the midpoint, indicating relatively attractive rates.
Projections assume constant APY of 6.86%. 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.
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 $295.76M indicates healthy on-chain liquidity. Lock-up: None (instant unstake available).
Is mSOL safe?
mSOL (Marinade Staked SOL) scores 60/100 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.